Annual report pursuant to Section 13 and 15(d)

Stock Plans (Tables)

v3.8.0.1
Stock Plans (Tables)
12 Months Ended
Aug. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary Stock option Activity
A summary of stock option activity during fiscal 2017 is as follows:
 
 
Shares
 
Weighted-Average
Exercise Price
(Per Share)
 
Weighted-Average
Remaining Contractual
Term
 
Aggregate
Intrinsic Value
Outstanding on September 1, 2016
 
3,478,062

 
$
23.96

 
 
 
 
Granted
 
307,390

 
26.95

 
 
 
 
Exercised
 
(461,355
)
 
21.65

 
 
 
 
Forfeited
 
(132,467
)
 
28.34

 
 
 
 
Outstanding on August 31, 2017
 
3,191,630

 
$
24.40

 
4.8
 
$
5.6
 million
Exercisable on August 31, 2017
 
2,340,204

 
$
24.22

 
3.6
 
$
5.0
 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 summarized below (in thousands, except per share amounts):
 
Year Ended August 31,
 
2017
 
2016
 
2015
Weighted-average fair value of options granted (per share)
$
11.88

 
$
8.63

 
$
8.35

Intrinsic value of options exercised
2,208

 
989

 
366

Cash receipts from exercise of options
7,762

 
3,564

 
1,147

Summary Of Restricted Stock Activity
A summary of restricted stock activity (including Performance Shares) during fiscal 2017 is as follows:
 
Number of
Shares
 
Weighted-Average Fair  Value at Grant Date (Per Share)
Outstanding on August 31, 2016
1,353,505

 
$25.21
Granted
474,071

 
26.13
Forfeited
(76,338
)
 
27.01
Vested
(460,790
)
 
26.65
Outstanding on August 31, 2017
1,290,448

 
24.95
Weighted Average Assumptions
The following weighted-average assumptions were used in each fiscal year:
 
Fiscal Year Ended August 31,
 
2017
 
2016
 
2015
Dividend yield
0.15
%
 
0.19
%
 
0.15
%
Expected volatility
38.12
%
 
38.06
%
 
37.80
%
Risk-free rate of return
2.42
%
 
2.06
%
 
1.19
%
Expected forfeiture rate
11
%
 
13
%
 
14
%
Expected life
7.6 years

 
6.1 years

 
6.1 years