XML 29 R15.htm IDEA: XBRL DOCUMENT
v3.20.2

Note 8 - Stockholders' Equity | 9 Months Ended
--- | ---
May 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 the nine months ended May 31, 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 novel strain of COVID- 19 crisis. Therefore, the Company did not declare a cash dividend during the quarter ended May 31, 2020. During the nine months ended May 31, 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
During the nine months ended May 31, 2020 and 2019, the Company repurchased no shares of its common stock. During the nine months ended May 31, 2020, the Company granted stock options under the Northern Technologies International Corporation 2019 Stock Incentive Plan (the 2019 Plan) to purchase an aggregate of 300,770 shares of its common stock to various employees and directors. The weighted average per share exercise price of the stock options is $10.87, which was equal to the fair market value of the Company’s common stock on the date of grant. During the nine months ended May 31, 2020, 6,823 stock options to purchase common stock were exercised. During the nine months ended May 31, 2019, the Company granted stock options under the 2019 Plan to purchase an aggregate of 141,768 shares of its common stock to various employees and directors. The weighted average per share exercise price of the stock options is $18.23, which was equal to the fair market value of the Company’s common stock on the date of grant. During the nine months ended May 31, 2019, no stock options to purchase common stock were exercised. The Company issued 3,597 and 1,748 shares of common stock on September 1, 2019 and 2018, respectively, under the Northern Technologies International Corporation Employee Stock Purchase Plan (the ESPP). The Company issued 2,754 and 2,462 shares of common stock on March 1, 2020 and 2019, respectively, under the ESPP.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration