Annual report pursuant to Section 13 and 15(d)

Stock Plans (Tables)

v3.19.3
Stock Plans (Tables)
12 Months Ended
Aug. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Restricted Stock and Performance Shares Activity
A summary of restricted stock and performance shares activity during fiscal 2019 is as follows:
 
Number of
Shares
 
Weighted-Average Fair  Value at Grant Date (Per Share)
Outstanding on August 31, 2018
1,153,737

 
$25.25
Granted
705,602

 
22.75
Forfeited
(117,899
)
 
24.24
Vested
(460,614
)
 
25.49
Outstanding on August 31, 2019
1,280,826

 
$23.87
Summary Stock option Activity
A summary of stock option activity during fiscal 2019 is as follows:
 
 
Shares
 
Weighted-Average
Exercise Price
(Per Share)
 
Weighted-Average
Remaining Contractual
Term
 
Aggregate
Intrinsic Value
Outstanding on September 1, 2018
 
1,769,076

 
$
25.40

 
 
 
 
Granted
 

 

 
 
 
 
Exercised
 
(84,277
)
 
19.72

 
 
 
 
Forfeited
 
(19,566
)
 
24.44

 
 
 
 
Expired
 
(58,690
)
 
20.77

 
 
 
 
Outstanding on August 31, 2019
 
1,606,543

 
$
25.88

 
4.1
 
$
0.5
 million
Exercisable on August 31, 2019
 
1,298,308

 
$
26.01

 
3.5
 
$
0.5
 million
Summary of Weighted Average Grant-Date Fair Value Of options, Total Intrinsic Value of Options Exercised, and Cash Receipts from Options Exercised
A summary of the weighted-average grant-date fair value of options, total intrinsic value of options exercised, and cash receipts from options exercised is summarized below (in thousands, except per share amounts):
 
Year Ended August 31,
 
2019
 
2018
 
2017
Weighted-average fair value of options granted (per share)
N/A

 
N/A

 
$
11.88

Intrinsic value of options exercised
$
429

 
$
5,284

 
2,208

Cash receipts from exercise of options
1,404

 
15,140

 
7,762

Weighted Average Assumptions
The following weighted-average assumptions were used in fiscal year 2017:
 
Fiscal Year Ended August 31, 2017
Dividend yield
0.15
%
Expected volatility
38.12
%
Risk-free rate of return
2.42
%
Expected forfeiture rate
11
%
Expected life
7.4 years