Annual report pursuant to Section 13 and 15(d)

Stock Plans (Tables)

v2.4.0.6
Stock Plans (Tables)
 12 Months Ended
Aug. 31, 2012
Summary Stock option Activity

A summary of stock option activity during fiscal 2012 is as follows:

 

     Shares     Weighted-
Average
Exercise
Price (Per
Share)		      Weighted-
Average
Remaining
Contractual
Term		      Aggregate
Intrinsic Value		  

Outstanding on September 1, 2011

      5,645,805      $ 21.23         

Granted

      334,322        22.99         

Exercised

      (591,920 )      11.44         

Forfeited

      (98,823 )      24.78         
  

 

 

          

Outstanding on August 31, 2012

      5,289,384      $ 22.33         5.2 years       $ 30.0 million   
  

 

 

          

Exercisable on August 31, 2012

      3,248,908      $ 22.06         3.9 years       $ 20.0 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 shown below (in thousands, except per share amounts):

 

     Year Ended August 31,  
     2012      2011      2010  

Weighted-average fair value of options granted (per share)

    $ 8.73       $ 10.74       $ 7.56   

Intrinsic value gain of options exercised

      7,946         7,540         2,607   

Cash receipts from exercise of options

      6,550         4,324         1,732   
Summary Of Restricted Stock Activity

A summary of restricted stock activity (including Performance Shares) during fiscal 2012 is as follows:

 

     Number of
Shares		     Weighted-
Average Fair  Value
at Grant Date
(Per Share) 		 

Outstanding August 31, 2011

      1,193,922      $ 22.87   

Granted

      587,622        24.81   

Forfeited

      (130,952 )      22.57   

Vested

      (143,149 )      20.74   
  

 

 

    

Outstanding August 31, 2012

      1,507,443        23.85   
  

 

 

    
Weighted Average Assumptions

The following weighted-average assumptions were used in each fiscal year:

 

     Fiscal Year Ended August 31,  
     2012     2011     2010  

Dividend yield

      0.18 %      0.15 %      0.23 % 

Expected volatility

      39.97 %      39.62 %      40.01 % 

Risk-free rate of return

      1.19 %      2.53 %      2.76 % 

Expected forfeiture rate

      15 %      15 %      15 % 

Expected life

      6.1 years        6.1 years        6.1 years