Annual report pursuant to Section 13 and 15(d)

Stock Plans (Tables)

v3.3.0.814
Stock Plans (Tables)
12 Months Ended
Aug. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary Stock option Activity
A summary of stock option activity during fiscal 2015 is as follows:
 
 
Shares
 
Weighted-Average
Exercise Price
(Per Share)
 
Weighted-Average
Remaining Contractual
Term
 
Aggregate
Intrinsic Value
Outstanding on September 1, 2014
 
3,250,401

 
$
25.24

 
 
 
 
Granted
 
777,238

 
21.41

 
 
 
 
Exercised
 
(70,581
)
 
19.99

 
 
 
 
Forfeited
 
(104,395
)
 
28.50

 
 
 
 
Outstanding on August 31, 2015
 
3,852,663

 
$
24.47

 
4.9
 
$
2.9
 million
Exercisable on August 31, 2015
 
2,551,341

 
$
24.29

 
3.0
 
$
2.3
 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,
 
2015
 
2014
 
2013
Weighted-average fair value of options granted (per share)
$
8.35

 
$
14.46

 
$
10.49

Intrinsic value of options exercised
366

 
16,380

 
15,803

Cash receipts from exercise of options
1,147

 
21,995

 
24,840

Summary Of Restricted Stock Activity
A summary of restricted stock activity (including Performance Shares) during fiscal 2015 is as follows:
 
Number of
Shares
 
Weighted-Average Fair  Value at Grant Date (Per Share)
Outstanding on August 31, 2014
1,326,460

 
$28.27
Granted
579,980

 
23.96
Forfeited
(295,400
)
 
27.58
Vested
(413,772
)
 
23.85
Outstanding on August 31, 2015
1,197,268

 
28.13
Weighted Average Assumptions
The following weighted-average assumptions were used in each fiscal year:
 
Fiscal Year Ended August 31,
 
2015
 
2014
 
2013
Dividend yield
0.15
%
 
0.11
%
 
0.14
%
Expected volatility
37.80
%
 
38.30
%
 
38.36
%
Risk-free rate of return
1.19
%
 
0.70
%
 
0.84
%
Expected forfeiture rate
14
%
 
14
%
 
15
%
Expected life
6.1 years

 
6.1 years

 
6.1 years