XML 47 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stockholders' Equity (Tables)
12 Months Ended
Aug. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Option Activity

The following table summarizes Options activity from August 31, 2013 through August 31, 2014:

 

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

Balance at August 31, 2013

     12,011,073        7,857,127      $ 1,927       $ 26.31         1.95   

Shares authorized

     —              

Options canceled

     2,398,422        (2,398,422      $ 26.38      

Options expired

     —          —             —        

Restricted stock awards granted(1)

     (3,585,849     —             

Options exercised

     —          (26,703      $ 19.25      
  

 

 

   

 

 

         

Balance at August 31, 2014

     10,823,646        5,432,002      $ 400       $ 26.32         1.52   
  

 

 

   

 

 

   

 

 

       

Exercisable at August 31, 2014

       5,432,002      $ 400       $ 26.32         1.52   
    

 

 

   

 

 

       

 

(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, 2013 through August 31, 2014:

 

     Shares     Weighted -
Average
Grant-Date
Fair Value
 

Unvested balance at August 31, 2013

     11,335,192      $ 17.15   

Changes during the period

    

Shares granted(1)

     4,335,854      $ 21.84   

Shares vested

     (5,120,099   $ 15.46   

Shares forfeited

     (750,005   $ 19.97   
  

 

 

   

Unvested balance at August 31, 2014

     9,800,942      $ 19.89   
  

 

 

   

 

(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,  
     2014     2013     2012  

Expected dividend yield

     0.9     0.8     0.7

Risk-free interest rate

     0.1     0.1     0.1

Expected volatility

     33.8     34.7     48.4

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 2014 and 2013:

 

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

Fiscal year 2014:

     October 17, 2013      $ 0.08         $ 17,221         November 15, 2013      December 2, 2013
     January 22, 2014      $ 0.08         $ 16,976         February 14, 2014      March 3, 2014
     April 17, 2014      $ 0.08         $ 16,686         May 15, 2014      June 2, 2014
     July 23, 2014      $ 0.08         $ 16,289         August 15, 2014      September 2, 2014

Fiscal year 2013:

     October 16, 2012      $ 0.08         $ 16,962         November 15, 2012      December 3, 2012
     January 23, 2013      $ 0.08         $ 16,990         February 15, 2013      March 1, 2013
     April 15, 2013      $ 0.08         $ 16,994         May 15, 2013      June 3, 2013
     July 18, 2013      $ 0.08         $ 17,005         August 15, 2013      September 3, 2013