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Stock-Based Compensation (Tables)
6 Months Ended
Feb. 28, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Share Based Compensation Stock Options Activity

A summary of the stock option activity for the six months ended February 28, 2013, is as follows:

 

     Number of
Shares
    Weighted
Average

Exercise  Price
     Weighted
Average

Remaining
Term  (in years)
     Aggregate
Intrinsic Value
 

Outstanding Balance, August 31, 2012

     1,824,916      $ 10.94         

Granted

     100,000        7.97         

Exercised

     (35,500     5.65         

Cancelled

     (69,964     13.43         
  

 

 

         

Outstanding Balance, February 28, 2013

     1,819,452        10.79         3.76       $ 3,841,500   
  

 

 

         

Options Exercisable at February 28, 2013

     1,216,453      $ 13.16         2.63       $ 1,341,700   
Schedule of Share Based Payment Award Stock Options Valuation Assumptions

The Company estimated the fair value of stock options granted during the first six months of fiscal 2013 using the following weighted-average assumptions and resulting in the following weighted-average grant date fair values:

 

Expected volatility

   68%

Expected life (years)

   4.6

Interest rate

   0.6-1.0%

Weighted-average fair values

   $4.30
Schedule of Share-Based Compensation, Restricted Stock Award Activity

The following table summarizes the restricted stock award activity for the six months ended February 28, 2013 as follows:

 

     Number of
Shares
    Weighted
Average
Grant Date
Fair Value
 

Nonvested at August 31, 2012

     61,716      $ 5.94   

Granted

     24,489        7.35   

Vested

     (61,716     5.94   

Cancelled

     —          —     
  

 

 

   

 

 

 

Nonvested at February 28, 2013

     24,489      $ 7.35   
  

 

 

   

 

 

 
Schedule of Employee Service Share-Based Compensation, Allocation of Recognized Period Costs

The Company recognizes stock-based compensation expense utilizing the accelerated multiple option approach over the requisite service period, which equals the vesting period. The following table summarizes the total stock-based compensation cost and the effect on the Company’s Condensed Consolidated Statements of Operations (in thousands):

 

     Three months ended      Six months ended  
     February 28,
2013
     February 29,
2012
     February 28,
2013
     February 29,
2012
 

Cost of sales

   $ —         $ 6       $ —         $ 32   

Operating expenses

     395         200         812         403   

Research and development expenses

     —           2         —           11   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense

   $ 395       $ 208       $ 812       $ 446   

Income tax benefit

     150         79         309         169   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense, net of tax

   $ 245       $ 129       $ 503       $ 277