Annual report pursuant to Section 13 and 15(d)

Stock Plans (Tables)

v2.4.0.8
Stock Plans (Tables)
12 Months Ended
Aug. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary Stock option Activity
A summary of stock option activity during fiscal 2014 is as follows:
 
 
Shares
 
Weighted-Average
Exercise Price (Per Share)
 
Weighted-Average
Remaining Contractual
Term
 
Aggregate
Intrinsic Value
Outstanding on September 1, 2013
 
4,179,551

 
$
23.66

 
 
 
 
Granted
 
211,276

 
35.98

 
 
 
 
Exercised
 
(1,076,370
)
 
21.16

 
 
 
 
Forfeited
 
(64,056
)
 
26.44

 
 
 
 
Outstanding on August 31, 2014
 
3,250,401

 
$
25.24

 
4.6
 
$
27.6
 million
Exercisable on August 31, 2014
 
2,255,920

 
$
24.48

 
3.4
 
$
20.9
 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,
 
2014
 
2013
 
2012
Weighted-average fair value of options granted (per share)
$
14.46

 
$
10.49

 
$
8.73

Intrinsic value of options exercised
16,380

 
15,803

 
7,946

Cash receipts from exercise of options
21,995

 
24,840

 
6,550

Summary Of Restricted Stock Activity
A summary of restricted stock activity (including Performance Shares) during fiscal 2014 is as follows:
 
 
Number of
Shares
 
Weighted-Average Fair  Value at Grant Date (Per Share)
Outstanding August 31, 2013
 
1,594,189

 
$25.83
Granted
 
311,425

 
36.05
Forfeited
 
(98,582
)
 
27.36
Vested
 
(480,572
)
 
25.42
Outstanding August 31, 2014
 
1,326,460

 
28.27
Weighted Average Assumptions
The following weighted-average assumptions were used in each fiscal year:
 
Fiscal Year Ended August 31,
 
2014
 
2013
 
2012
Dividend yield
0.11
%
 
0.14
%
 
0.18
%
Expected volatility
38.30
%
 
38.36
%
 
39.97
%
Risk-free rate of return
0.70
%
 
0.84
%
 
1.19
%
Expected forfeiture rate
14
%
 
15
%
 
15
%
Expected life
6.1 years

 
6.1 years

 
6.1 years