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STOCK BASED COMPENSATION (Tables)
12 Months Ended
Aug. 31, 2020
STOCK BASED COMPENSATION [Abstract]  
Summary of Shares Authorized and Shares Available for Future Grants

Shares available to grant

Shares authorized for issuance as of August 31, 2020

August 31,

August 31,

(including shares originally authorized for issuance under prior plans)

2020

2019

2013 Plan

1,057,126

297,366

464,424

Summary of Components of Stock-Based Compensation Expense

Years Ended August 31,

2020

2019

2018

Restricted stock awards

$

8,747

$

11,477

$

7,476

Restricted stock units

3,011

2,820

2,742

Performance-based restricted stock units

2,059

764

Stock-based compensation expense

$

13,817

$

15,061

$

10,218

Summary of Other Information Related to Stock-Based Compensation

Balance as of

August 31,

August 31,

August 31,

2020

2019

2018

Remaining unrecognized compensation cost (in thousands)

$

21,720

$

21,116

$

29,473

Weighted average period of time over which this cost will be recognized (years)

2

3

3

Years Ended

August 31,

August 31,

August 31,

2020

2019

2018

Excess tax benefit (deficiency) on stock-based compensation (in thousands)

$

(936)

$

(1,829)

$

530

(1) 

(1)Beginning in the first quarter of fiscal 2018, the Company began recording the tax savings resulting from tax deductions in excess of expense for stock-based compensation and the tax deficiencies resulting from stock-based compensation in excess of the related tax deduction as income tax expense or benefit, based on the adoption of ASU 2016-09.

Summary of Restricted Stock Awards and Units Activity

Years Ended

August 31,

August 31,

August 31,

2020

2019

2018

Grants outstanding at beginning of period

362,826

385,417

404,368

Granted

266,759

193,489

132,031

Forfeited

(43,198)

(16,127)

(23,119)

Vested

(170,518)

(199,953)

(127,863)

Grants outstanding at end of period

415,869

362,826

385,417

Summary of Weighted Average Per Share Grant Date Fair Value for Restricted Stock Awards and Units

Years Ended

August 31,

August 31,

August 31,

Weighted Average Grant Date Fair Value

2020

2019

2018

RSAs, RSUs, and PSUs granted

$

64.57

$

65.11

$

84.83

RSAs, RSUs, and PSUs vested

$

72.82

$

79.28

$

79.36

RSAs, RSUs, and PSUs forfeited

$

76.81

$

75.02

$

73.27

Summary of Total Fair Market Value of Restricted Stock Awards and Units Vested

Years Ended

August 31,

August 31,

August 31,

2020

2019

2018

Total fair market value of RSAs, RSUs, and PSUs vested (in thousands)

$

10,914

$

12,302

$

10,886

Summary of Shares Repurchased

Years Ended

August 31,

August 31,

August 31,

2020

2019

2018

Shares repurchased

56,503

75,462

37,414

Cost of repurchase of shares (in thousands)

$

3,651

$

4,604

$

3,183

Summary of Treasury Shares Reissued

Years Ended

August 31,

August 31,

August 31,

2020

2019

2018

Reissued treasury shares

234,370

63,130