Annual report pursuant to Section 13 and 15(d)

Stock Plans (Tables)

v2.4.0.8
Stock Plans (Tables)
12 Months Ended
Aug. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary Stock option Activity
A summary of stock option activity during fiscal 2013 is as follows:
 
 
Shares
 
Weighted-Average
Exercise Price (Per Share)
 
Weighted-Average
Remaining Contractual
Term
 
Aggregate
Intrinsic Value
Outstanding on September 1, 2012
 
5,289,384

 
$
22.33

 
 
 
 
Granted
 
276,136

 
28.70

 
 
 
 
Exercised
 
(1,278,626
)
 
19.48

 
 
 
 
Forfeited
 
(107,343
)
 
22.10

 
 
 
 
Outstanding on August 31, 2013
 
4,179,551

 
$
23.66

 
5.3
 
$
48.8
 million
Exercisable on August 31, 2013
 
2,609,876

 
$
23.92

 
4.2
 
$
30.8
 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,
 
 
 
 
2013
 
2012
 
2011
 
 
Weighted-average fair value of options granted (per share)
 
$
10.49

 
$
8.73

 
$
10.74

 
 
Intrinsic value of options exercised
 
15,803

 
7,946

 
7,540

 
 
Cash receipts from exercise of options
 
24,840

 
6,550

 
4,324

 
Summary Of Restricted Stock Activity
A summary of restricted stock activity (including Performance Shares) during fiscal 2013 is as follows:
 
 
 
Number of
Shares
 
Weighted-Average Fair  Value at Grant Date (Per Share)
 
 
Outstanding August 31, 2012
 
1,507,443

 
$23.85
 
 
Granted
 
430,793

 
29.18
 
 
Forfeited
 
(131,688
)
 
22.76
 
 
Vested
 
(212,359
)
 
20.46
 
 
Outstanding August 31, 2013
 
1,594,189

 
25.83
 
Weighted Average Assumptions
The following weighted-average assumptions were used in each fiscal year:
 
 
 
Fiscal Year Ended August 31,
 
 
 
 
2013
 
2012
 
2011
 
 
Dividend yield
 
0.14
%
 
0.18
%
 
0.15
%
 
 
Expected volatility
 
38.36
%
 
39.97
%
 
39.62
%
 
 
Risk-free rate of return
 
0.84
%
 
1.19
%
 
2.53
%
 
 
Expected forfeiture rate
 
15
%
 
15
%
 
15
%
 
 
Expected life
 
6.1 years

 
6.1 years

 
6.1 years