Stock-based Compensation

9 Months Ended

May 31, 2022

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-based Compensation

Note 5. Stock-based Compensation

The following table summarizes the stock option activity under the Company’s 2018 Incentive Compensation Plan, as amended and restated (the “Stock Incentive Plan”):

	Options Outstanding
	Number of Shares Underlying Outstanding Options			Weighted Average Exercise Price Per Share
Outstanding — August 31, 2021		625,378		$	17.13
Options granted		202,220		$	50.20
Options exercised		(27,598	)	$	6.78
Options canceled/forfeited		(38,410	)	$	38.96
Outstanding — May 31, 2022		761,590		$	25.19

During the nine months ended May 31, 2022, nine thousand restricted stock awards were issued under the Stock Incentive Plan, in addition to the option grants stated above, for which the Company incurred stock-based compensation of $17 thousand and $90 thousand for the three and nine months ended May 31, 2022, respectively.

The total stock-based compensation recognized under the Stock Incentive Plan in the statements of operations is as follows:

	Three Months Ended May 31,				Nine Months Ended May 31,
	2022		2021		2022		2021
	(amounts in thousands)
Restaurant-level stock-based compensation included in other costs	$	88	$	34	$	195	$	83
Corporate-level stock-based compensation included in general and administrative expenses		644		357		1,576		883
Total stock-based compensation	$	732	$	391	$	1,771	$	966