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Shared-Based Compensation (Tables)
12 Months Ended
Aug. 31, 2017
Share-Based Compensation [Abstract]  
Schedule Of Share-Based Compensation Expense



 

 

 

 

 

 

 

 

 



 

 

For the years ended August 31,

($ in thousands)

 

2017

 

2016

 

2015

Share-based compensation expense included in cost of

 

 

 

 

 

 

 

 

 

    operating revenues

 

$

231 

 

$

207 

 

$

161 



 

 

 

 

 

 

 

 

 

Research and development

 

 

162 

 

 

140 

 

 

121 

Sales and marketing

 

 

397 

 

 

455 

 

 

523 

General and administrative

 

 

2,807 

 

 

2,258 

 

 

2,527 

Share-based compensation expense included in

 

 

 

 

 

 

 

 

 

    operating expenses

 

 

3,366 

 

 

2,853 

 

 

3,171 

Total share-based compensation expense

 

 

3,597 

 

 

3,060 

 

 

3,332 

Tax benefit

 

 

(1,338)

 

 

(1,138)

 

 

(1,240)

Share-based compensation expense, net of tax

 

$

2,259 

 

$

1,922 

 

$

2,092 



 

 

 

 

 

 

 

 

 



Schedule Of Assumptions Used



 

 

 

 

 

 



 

Grant year



 

Fiscal 2017

 

Fiscal 2016

Risk-free interest rate

 

 

1.5% 

 

 

1.8% 

Dividend yield

 

 

1.5% 

 

 

1.7% 

Expected life (years)

 

 

 

 

Volatility

 

 

36.5% 

 

 

46.3% 

Weighted average grant-date fair value of options granted

 

$

26.25 

 

$

27.88 



Summary Of Stock Option Activity



 

Number of stock options

 

Average exercise price

 

Average remaining contractual term (years)

 

Aggregate intrinsic value (thousands)

Stock options outstanding at August 31, 2015

 

96,376 

 

$

70.65 

 

7.3 

 

$

710 

    Granted

 

39,999 

 

$

67.68 

 

 

 

 

 

    Exercised

 

(4,456)

 

$

25.47 

 

 

 

$

181 

    Forfeited / cancelled

 

(4,633)

 

$

72.14 

 

 

 

 

 

Stock options outstanding at August 31, 2016

 

127,286 

 

$

71.24 

 

7.4 

 

$

521 

    Granted

 

47,223 

 

$

78.23 

 

 

 

 

 

    Exercised

 

(43,556)

 

$

69.33 

 

 

 

$

681 

    Forfeited / cancelled

 

(8,434)

 

$

73.90 

 

 

 

 

 

Stock options outstanding at August 31, 2017

 

122,519 

 

$

74.43 

 

7.5 

 

$

1,487 



 

 

 

 

 

 

 

 

 

 

Exercisable at August 31, 2015

 

39,449 

 

$

61.47 

 

6.1 

 

$

583 

Exercisable at August 31, 2016

 

57,250 

 

$

68.57 

 

6.1 

 

$

362 

Exercisable at August 31, 2017

 

36,348 

 

$

71.37 

 

5.8 

 

$

553 



Summary Of Share Based Compensation Additional Information



 

 

 

 

 

 

 

 

 



 

 

For the years ended August 31,

($ in thousands)

 

2017

 

2016

 

2015

Intrinsic value of stock options exercised

 

$

681 

 

$

181 

 

$

425 

Cash received from stock option exercises

 

$

3,020 

 

$

113 

 

$

394 

Tax benefit realized from stock option exercises

 

$

254 

 

$

67 

 

$

158 

Aggregate grant-date fair value of stock options vested

 

$

35.79 

 

$

37.70 

 

$

36.71 



 

 

 

 

 

 

 

 

 



Summary Of Restricted Stock Units



 

 

 

 

 

 



 

Number of

restricted

stock units

 

Weighted average grant-date fair value

Restricted stock units outstanding at August 31, 2015

 

 

56,972 

 

$

78.54 

     Granted

 

 

48,022 

 

 

64.36 

     Vested

 

 

(30,634)

 

 

78.68 

     Forfeited / Cancelled

 

 

(7,306)

 

 

70.41 

Restricted stock units outstanding at August 31, 2016

 

 

67,054 

 

$

69.11 

     Granted

 

 

44,647 

 

 

74.75 

     Vested

 

 

(34,312)

 

 

69.89 

     Forfeited / Cancelled

 

 

(8,366)

 

 

70.51 

Restricted stock units outstanding at August 31, 2017

 

 

69,023 

 

$

72.25 



Schedule Of Performance Stock Status



 

 

 

 

 

 



 

Number of performance
stock units

 

Weighted average grant-date fair value

Performance stock units outstanding at August 31, 2015

 

 

33,856 

 

$

76.50 

     Granted

 

 

16,466 

 

 

64.37 

     Vested

 

 

(7,665)

 

 

74.31 

     Forfeited / cancelled

 

 

(4,509)

 

 

72.28 

Performance stock units outstanding at August 31, 2016

 

 

38,148 

 

$

72.20 

     Granted

 

 

15,902 

 

 

74.80 

     Forfeited / cancelled

 

 

(15,361)

 

 

74.10 

Performance stock units outstanding at August 31, 2017

 

 

38,689 

 

$

72.52