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Share-based Compensation (Tables)
12 Months Ended
Aug. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Weighted Average Assumptions

The fair value of each stock appreciation right is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions used:

 

Year ended

 

2024

 

 

2023

 

 

2022

 

Risk-free interest rate

 

 

4.85

%

 

 

3.97

%

 

 

1.27

%

Expected dividend yield

 

 

0.80

%

 

 

0.62

%

 

 

0.60

%

Expected life (in years)

 

 

5.54

 

 

 

5.43

 

 

 

5.17

 

Expected volatility

 

 

29.4

%

 

 

29.3

%

 

 

28.4

%

Summary of Share-Based Award Activity for Stock Options and Stock Appreciation Rights

The following table summarizes the Share-Based Awards activity in the form of stock options and stock appreciation rights for fiscal 2024:

 

 

 

Number of
Shares

 

 

Weighted
Average
Exercise Price

 

Outstanding at August 26, 2023

 

 

347,617

 

 

$

158.47

 

Granted

 

 

30,499

 

 

 

164.58

 

Expired

 

 

(655

)

 

 

191.37

 

Exercised

 

 

(66,104

)

 

 

132.74

 

Forfeited

 

 

(1,306

)

 

 

177.96

 

Outstanding at August 31, 2024

 

 

310,051

 

 

$

164.40

 

 

 

 

 

 

 

Exercisable at August 31, 2024

 

 

237,992

 

 

$

159.53

 

Summary of Share-Based Award Activity for Restricted Stock Units

The following table summarizes the Share-Based Awards activity in the form of restricted stock units for fiscal 2024:

 

 

 

Number of
Shares

 

 

Weighted
Average
Grant Price

 

Unvested balance at August 26, 2023

 

 

108,755

 

 

$

184.60

 

Granted

 

 

58,653

 

 

 

164.60

 

Vested

 

 

(38,615

)

 

 

183.98

 

Forfeited

 

 

(5,886

)

 

 

176.29

 

Unvested balance at August 31, 2024

 

 

122,907

 

 

$

175.65