SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Nov. 30, 2020

SHAREHOLDERS' EQUITY [Abstract]

Stock Option Activity

The following table summarizes the combined stock option activity for the 2004 Incentive Plan and 2014 Equity Plan for the three months ended November 30, 2020:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Approximate Aggregate Intrinsic Value (in thousands)
Outstanding at August 31, 2020		661,500		$	7.23		6.17	$	1,831
Granted		115,000		$	9.00
Net settlement exercised		(18,000	)	$	3.04
Outstanding at November 30, 2020		758,500		$	7.59		6.61	$	1,670
Options exercisable at November 30, 2020		540,167		$	6.73		5.53	$	1,608

Non-Vested Options

The following table summarizes the combined activity and value of non-vested options under the 2004 Equity Plan and 2014 Incentive Plan as of and for the three months ended November 30, 2020:

	Number of Options			Weighted Average Grant Date Fair Value
Non-vested options outstanding at August 31, 2020		179,999		$	4.31
Granted		115,000		$	3.78
Vested		(76,666	)	$	4.27
Forfeited (a)		—		$	—
Non-vested options outstanding at November 30, 2020		218,333		$	4.04

(a) All non-vested options are expected to vest.