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Stockholders' Equity (Tables)
12 Months Ended
Aug. 31, 2012
Grant Date Weighted-Average and Range Assumptions

Following are the grant date weighted-average and range assumptions, where applicable, used for each respective period:

 

     Fiscal Year Ended August 31,  
     2012      2011      2010  

Expected dividend yield

     *         *         1.9

Risk-free interest rate

     *         *         0.1% to 3.4

Expected volatility

     *         *         60.2

Expected life

     *         *         5.6 years   

 

*

The Company did not grant Options during fiscal years 2012 and 2011.

Option Activity

The following table summarizes option activity from September 1, 2011 through August 31, 2012:

 

     Shares
Available
for Grant
    Options
Outstanding
    Aggregate
Intrinsic Value
(in thousands)
     Weighted-
Average
Exercise
Price
     Weighted-
Average
Remaining
Contractual
Life (years)
 

Balance at September 1, 2011

     9,164,425        10,473,033      $ 4,029       $ 24.76         3.70   

Options canceled

     542,135        (542,135      $ 26.59      

Options expired

     (53,754             $ 15.27      

Restricted stock awards granted(1)

     (4,768,887               

Options exercised

            (1,252,957      $ 16.68      
  

 

 

   

 

 

         

Balance at August 31, 2012

     4,883,919        8,677,941      $ 4,719       $ 25.88         2.90   
  

 

 

   

 

 

   

 

 

       

Exercisable at August 31, 2012

       8,664,592      $ 4,602       $ 25.90         2.90   
    

 

 

   

 

 

       

 

(1) 

Represents the maximum number of shares that can be issued based on the achievement of certain performance criteria.

Restricted Stock Activity

The following table summarizes restricted stock activity from August 31, 2011 through August 31, 2012:

 

     Shares     Weighted -
Average
Grant-Date
Fair Value
 

Non-vested balance at August 31, 2011

     14,097,278      $ 12.91   

Changes during the period

    

Shares granted(1)

     5,233,078      $ 19.43   

Shares vested

     (5,920,301   $ 10.39   

Shares forfeited

     (464,191   $ 15.77   
  

 

 

   

Non-vested balance at August 31, 2012

     12,945,864      $ 16.33   
  

 

 

   

 

(1) 

For those shares granted that are based on the achievement of certain performance criteria, represents the maximum number of shares that can vest.

Weighted Average Assumptions used in Black-Scholes Option Pricing Model

The following weighted-average assumptions were used in the model for each respective period:

 

     Fiscal Year Ended August 31,  
     2012     2011     2010  

Expected dividend yield

     0.7     0.9     1.5

Risk-free interest rate

     0.1     0.2     0.3

Expected volatility

     48.4     47.3     79.7

Expected life

     0.5 years        0.5 years        0.5 years   
Cash Dividends Declared to Common Stockholders

The following table sets forth certain information relating to the Company’s cash dividends declared to common stockholders of the Company during fiscal years 2012 and 2011:

 

     Dividend
Declaration Date
   Dividend
per Share
     Total Cash
Dividends
Declared
     Date of Record for
Dividend Payment
   Dividend Cash
Payment Date
          (in thousands, except for per share data)     

Fiscal year 2012:

   October 20, 2011    $  0.08       $  17,379       November 15, 2011    December 1, 2011
   January 25, 2012    $ 0.08       $ 17,323       February 16, 2012    March 1, 2012
   April 19, 2012    $ 0.08       $ 17,281       May 15, 2012    June 1, 2012
   July 19, 2012    $ 0.08       $ 17,230       August 15, 2012    September 4, 2012

Fiscal year 2011:

   October 21, 2010    $ 0.07       $ 15,563       November 15, 2010    December 1, 2010
   January 19, 2011    $ 0.07       $ 15,634       February 15, 2011    March 1, 2011
   April 13, 2011    $ 0.07       $ 15,647       May 16, 2011    June 1, 2011
   July 21, 2011    $ 0.07       $ 15,233       August 15, 2011    September 1, 2011