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Share-Based Compensation
6 Months Ended
Feb. 29, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Share-Based Compensation

Note 13 – Share-Based Compensation

 

The Company’s current share-based compensation plans, approved by the stockholders of the Company, provides for awards of stock options, restricted shares, restricted stock units (“RSUs”), stock appreciation rights, performance shares, and performance stock units (“PSUs”) to employees and non-employee directors of the Company.  The Company measures and recognizes compensation expense for all share-based payment awards made to employees and directors based on estimated fair values. Share-based compensation expense was $1.5  million and $1.1 million for the three months ended February 29, 2020 and 2019, respectively. Share-based compensation expense was $2.7 million and $2.4 million for the six months ended February 29, 2020 and February 28, 2019, respectively.

 

During the second quarter of fiscal 2020, the Company awarded its annual grant of RSUs to independent members of the Board of Directors at a grant date fair value of $93.74, resulting in a total of 6,650 RSUs being granted.