Annual report pursuant to Section 13 and 15(d)

Stock Plans (Tables)

v3.10.0.1
Stock Plans (Tables)
 12 Months Ended
Aug. 31, 2018
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 2018 is as follows:
 
Number of
Shares
 
Weighted-Average Fair  Value at Grant Date (Per Share)
Outstanding on August 31, 2017
1,290,448

 
$24.95
Granted
525,541

 
26.20
Forfeited
(197,771
)
 
25.05
Vested
(464,481
)
 
25.60
Outstanding on August 31, 2018
1,153,737

 
$25.25
Summary Stock option Activity
A summary of stock option activity during fiscal 2018 is as follows:
 
 
Shares
 
Weighted-Average
Exercise Price
(Per Share)
 
Weighted-Average
Remaining Contractual
Term
 
Aggregate
Intrinsic Value
Outstanding on September 1, 2017
 
3,191,630

 
$
24.40

 
 
 
 
Granted
 
—

 
—

 
 
 
 
Exercised
 
(833,377
)
 
19.96

 
 
 
 
Forfeited
 
(119,527
)
 
23.98

 
 
 
 
Expired
 
(469,650
)
 
28.59

 
 
 
 
Outstanding on August 31, 2018
 
1,769,076

 
$
25.40

 
4.8
 
$
7.9
 million
Exercisable on August 31, 2018
 
1,285,352

 
$
25.52

 
3.8
 
$
5.9
 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 summarized below (in thousands, except per share amounts):
 
Year Ended August 31,
 
2018
 
2017
 
2016
Weighted-average fair value of options granted (per share)
N/A

 
$
11.88

 
$
8.63

Intrinsic value of options exercised
$
5,284

 
2,208

 
989

Cash receipts from exercise of options
15,140

 
7,762

 
3,564

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

 
6.1 years


As of August 31, 2018, there was $19.1 million of total unrecognized compensation cost related to share-based awards, including stock options, restricted stock, restricted stock units and performance shares, which will be recognized over a weighted average period of 2.1 years. The total fair value of share-based awards that vested during the fiscal years ended August 31, 2018 and 2017 was $14.3 million and $16.1 million, respectively.