STOCK BASED COMPENSATION Disclosure of Compensation Related Costs, Shared-based Payments (Tables)

6 Months Ended

Feb. 28, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based compensation, shares available for grant [Table Text Block]

The following table summarizes the shares authorized and shares available for future grants:

		Shares available to grant
	Shares authorized for issuance as of October 31, 2014 (including shares originally authorized for issuance under the prior plans)	February 28, 2015	August 31, 2014
2013 Plan	888,353	854,864	821,124

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

The following table summarizes the components of the stock-based compensation expense (in thousands), which are included in general and administrative expense and warehouse club operations in the consolidated statements of income:

	Three Months Ended February 28,				Six Months Ended February 28,
	2015		2014		2015		2014
Options granted to directors	$	9	$	7	$	37	$	37
Restricted stock awards	1,454		1,634		2,703		2,783
Restricted stock units	321		250		600		501
Stock-based compensation expense	$	1,784	$	1,891	$	3,340	$	3,321

Schedule of Share-based Payment Award, Valuation Assumptions [Table Text Block]

The following table summarizes other information related to stock-based compensation:

	February 28,
	2015		2014
Remaining unrecognized compensation cost (in thousands)	$	18,045	$	23,520
Weighted average period of time over which this cost will be recognized (years)	6		6
Excess tax benefit (deficiency) on stock-based compensation (in thousands)	$	1,457	$	1,345

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

The Company began issuing restricted stock awards in fiscal year 2006 and restricted stock units in fiscal year 2008. The restricted stock awards and units vest over a five to ten year period, and the unvested portion of the award is forfeited if the employee or non-employee director leaves the Company before the vesting period is completed. Restricted stock awards and units activity for the period was as follows:

	Six Months Ended February 28,
	2015		2014
Grants outstanding at beginning of period	488,416		623,424
Granted	16,911		8,316
Forfeited	(720	)	(1,732	)
Vested	(136,779	)	(135,371	)
Grants outstanding at end of period	367,828		494,637

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]

The following table summarizes the weighted average per share grant date fair value for restricted stock awards and units for the period:

	Six Months Ended February 28,
Weighted Average Grant Date Fair Value	2015		2014
Restricted stock awards and units granted	$	89.85	$	112.37
Restricted stock awards and units vested	$	44.21	$	39.71
Restricted stock awards and units forfeited	$	40.40	$	49.37

Schedule of Share-based compensation, Fair Market Value for Restricted Stock [Table Text Block] [Table Text Block]

The following table summarizes the total fair market value of restricted stock awards and units vested for the period (in thousands):

	Six Months Ended February 28,
	2015		2013
Total fair market value of restricted stock awards and units vested	$	12,166	$	12,749

Schedule of Share-based compensation, Shares repurchased [Table Text Block]

The following table summarizes this activity during the period:

	Six Months Ended February 28,
	2015		2014
Shares repurchased	49,931		48,291
Cost of repurchase of shares (in thousands)	$	4,441	$	4,548

Schedule of Share-based compensation, reissued treasury shares [Table Text Block]

The Company reissues treasury shares as part of its stock-based compensation programs. The following table summarizes the treasury shares reissued:

	Six Months Ended February 28,
	2015	2014
Reissued treasury shares	—	—

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes the stock options outstanding: 

	February 28, 2015	August 31, 2014
Stock options outstanding	20,000	23,000