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Note 8 - Stockholders' Equity | 12 Months Ended
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Aug. 31, 2020
Notes to Financial Statements |
Stockholders' Equity Note Disclosure [Text Block] | 8. STOCKHOLDERS' EQUITY On June 3, 2019, the Company's Board of Directors declared a two -for- one stock split of the Company's common stock effected in the form of a 100% share dividend distributed on June 28, 2019 to record holders as of June 17, 2019. All share and per share values have been adjusted to retroactively reflect the effect of the two -for- one stock split. During fiscal 2020, the Company's Board of Directors declared cash dividends on the following dates in the following amounts to holders of record of the Company's common stock as of the following record dates:
Declaration Date |  | Amount |  | Record Date |  | Payable Date
October 22, 2019 |  |  | $0.065 |  |  | November 6, 2019 |  | November 20, 2019
January 22, 2020 |  |  | $0.065 |  |  | February 5, 2020 |  | February 19, 2020
On April 23, 2020, the Company announced the temporary suspension of its quarterly cash dividend pending clarity on the COVID- 19 pandemic. Therefore, the Company did not declare a cash dividend during the quarter ended May 31, 2020 or August 31, 2020. During fiscal 2019, the Company's Board of Directors declared cash dividends on the following dates in the following amounts to holders of record of the Company's common stock as of the following record dates:
Declaration Date |  | Amount |  | Record Date |  | Payable Date
October 24, 2018 |  |  | $0.06 |  |  | November 7, 2018 |  | November 21, 2018
January 23, 2019 |  |  | $0.06 |  |  | February 6, 2019 |  | February 22, 2019
April 25, 2019 |  |  | $0.06 |  |  | May 9, 2019 |  | May 23, 2019
July 24, 2019 |  |  | $0.06 |  |  | August 7, 2019 |  | August 21, 2019
On January 15, 2015, the Company's Board of Directors authorized the repurchase of up to $3,000,000 in shares of common stock through open market purchases or unsolicited or solicited privately negotiated transactions. This program has no expiration date but may be terminated by the Company's Board of Directors at any time. As of August 31, 2020, up to $2,640,548 in shares of common stock remained available for repurchase under the stock repurchase program. During fiscal 2020, the Company did not repurchase or retire any shares of its common stock. During fiscal 2020, stock options to purchase an aggregate of 11,974 shares of common stock were exercised at a weighted average exercise price of $5.13 per share; some of the options were exercised on a cashless basis, resulting in the net issuance of 6,823 shares of common stock. During fiscal 2019, the Company did not repurchase or retire any shares of its common stock. During fiscal 2019, no stock options to purchase shares of common stock were exercised.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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