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Note 8 - Stockholders' Equity
 12 Months Ended
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.