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STOCK BASED COMPENSATION (Tables)
 12 Months Ended
Aug. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Shares Authorized and Shares Available for Future Grants
The following table summarizes the shares authorized and shares available for future grants:
Shares available to grant
Shares authorized for issuance as of August 31, 2024
(including shares originally authorized for issuance under prior plans)
August 31,
2024		August 31,
2023
2013 Plan2,317,923596,0581,223,574
Summary of Components of Stock-Based Compensation Expense
The following table summarizes the components of the stock-based compensation expense for the twelve-month periods ended August 31, 2024, 2023 and 2022 (in thousands), which are included in general and administrative expense and warehouse club and other operations in the consolidated statements of income:
Years Ended August 31,
202420232022
Restricted stock awards$12,128 $10,641 $9,378 
Restricted stock units4,501 3,701 3,519 
Performance stock units (1)
664 2,232 3,906 
Stock-based compensation expense$17,293 $16,574 $16,803 
(1)The stock-based compensation expense relates to vesting of PSUs granted in prior years.
Summary of Other Information Related to Stock-Based Compensation
The following tables summarize other information related to stock-based compensation:
Balance as of
August 31,
2024		August 31,
2023		August 31,
2022
Remaining unrecognized compensation cost (in thousands)$43,490 $15,386 $18,478 
Weighted average period of time over which this cost will be recognized (years)322
Summary of Excess Tax Benefit (Deficiency) on Stock-based Compensation
Years Ended August 31,
202420232022
Excess tax benefit (deficiency) on stock-based compensation (in thousands)$(588)$(2,787)$(2,259)
Summary of Restricted Stock Awards and Units Activity
Restricted stock awards, restricted stock units, and performance-based restricted stock units activity for the twelve months ended August 31, 2024, 2023 and 2022 was as follows:
Years Ended
August 31,
2024		August 31,
2023		August 31,
2022
Grants outstanding at beginning of period342,741361,822375,622
Granted657,649365,850261,204
Forfeited(61,029)(118,577)(16,184)
Vested(171,414)(266,354)(258,820)
Grants outstanding at end of period767,947342,741361,822
Summary of Weighted Average Per Share Grant Date Fair Value for Restricted Stock Awards and Units
The following table summarizes the weighted average per share grant date fair value for restricted stock awards, restricted stock units, and performance based restricted stock units for fiscal years 2024, 2023 and 2022:
Weighted Average Grant Date Fair ValueYears Ended
August 31,
2024		August 31,
2023		August 31,
2022
RSAs, RSUs, and PSUs granted$73.28 $63.93 $76.85 
RSAs, RSUs, and PSUs vested$71.12 $70.26 $72.69 
RSAs, RSUs, and PSUs forfeited$66.97 $66.14 $69.70 
Summary of Total Fair Market Value of Restricted Stock Awards and Units Vested
The following table summarizes the total fair market value of restricted stock awards, restricted stock units, and performance based restricted stock units vested for the period (in thousands):
Years Ended
August 31,
2024		August 31,
2023		August 31,
2022
Total fair market value of restricted stock awards and units vested (in thousands)$13,424 $19,325 $18,422 
Summary of Shares Repurchased
The following table summarizes the equity securities repurchased during fiscal years 2024, 2023 and 2022 as part of the Company's stock-based compensation programs:
Years Ended
August 31,
2024		August 31,
2023		August 31,
2022
Shares repurchased44,41399,99888,415
Cost of repurchase of shares (in thousands)$3,512 $7,245 $6,259 
Summary of Treasury Shares Reissued
The Company reissues treasury shares as part of its stock-based compensation programs. The following table summarizes the treasury shares reissued during the period:
Years Ended
August 31,
2024		August 31,
2023		August 31,
2022
Reissued treasury shares3,0006,3338,314