XML 28 R14.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 8 - Stockholders' Equity
3 Months Ended
Nov. 30, 2017
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
8.
       STOCKHOLDERS’ EQUITY
 
On
November 20, 2017,
the Company’s Board of Directors declared a cash dividend of
$0.10
per share of the Company’s common stock, payable on
December 21, 2017
to stockholders of record on
December 8, 2017
.
 
During the
three
months ended
November 30, 2017,
the Company repurchased
no
shares of its common stock. During the
three
months ended
November 30, 2017,
stock options to purchase an aggregate of
1,500
shares of common stock were exercised at a weighted average exercise price of
$10.25
per share.
 
The Company granted stock options under the Northern Technologies International Corporation Amended and Restated
2007
Stock Incentive Plan (the
2007
Plan) to purchase an aggregate of
47,252
shares of its common stock to various employees and directors during the
three
months ended
November 30, 2017.
The weighted average per share exercise price of the stock options is
$18.35,
which was equal to the fair market value of the Company’s common stock on the date of grant.
 
During the
three
months ended
November 30, 2016,
the Company repurchased and retired
5,575
shares of its common stock at a price of
$12.87
per share.
No
stock options to purchase shares of common stock were exercised during the
three
months ended
November 30, 2016.
 
The Company issued
891
and
3,029
shares of common stock on
September 1, 2017
and
2016,
respectively, under the Northern Technologies International Corporation Employee Stock Purchase Plan (the ESPP).
 
The Company granted stock options under the
2007
Plan to purchase an aggregate of
56,677
shares of its common stock to various employees and directors during the
three
months ended
November 30, 2016.
The weighted average per share exercise price of the stock options is
$13.40,
which is equal to the fair market value of the Company’s common stock on the date of grant.