Share-Based Incentive Compensation Plans

6 Months Ended

Feb. 28, 2014

INCENTIVE STOCK PLANS [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

SHARE-BASED INCENTIVE COMPENSATION PLANS

During the second quarter of fiscal 2014, the Company granted 42,138 and 315,941 shares of time-based and performance-based restricted stock awards, with a weighted-average grant date fair value of $34.42 and $29.14 per share, respectively. The terms and conditions of the awards granted during the current year are consistent with the awards granted in the prior year. Additionally, the Company granted non-employee directors 23,150 shares of unrestricted common stock.

The following table summarizes the impact to the Company’s consolidated statements of operations from share-based incentive compensation plans, which is primarily included in selling, general and administrative expenses in the accompanying consolidated statements of operations:

	Three months ended February 28,				Six months ended February 28,
	2014		2013		2014		2013
	(In thousands)
Time-based and performance-based restricted stock awards	$	873	$	1,041	$	2,199	$	1,747
Board of Directors unrestricted awards	797		850		797		850
Total share-based incentive compensation	$	1,670	$	1,891	$	2,996	$	2,597

Total unrecognized compensation cost, including a provision for estimated forfeitures, related to non-vested stock-based compensation arrangements as of February 28, 2014 was $10.5 million. This cost is expected to be recognized over a weighted-average period of 1.8 years.

As of February 28, 2014, there were 524,749 shares of common stock available for grant pursuant to the Company’s 2006 Incentive Plan and 22,949 shares of common stock available for grant pursuant to the Company's 2010 Rewards Plan. For further discussion of the Company's share-based incentive compensation plans, refer to Note 10 in the Company's Annual Report on Form 10-K for the fiscal year ended August 31, 2013.