7. SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Nov. 30, 2019

Equity [Abstract]

Schedule of dividends declared and paid

Dividend

The Company’s Board of Directors declared cash dividends during fiscal years 2020 and 2019. The details of the dividends paid are in the following tables:

FY2020
Record Date	Distribution Date	Number of Shares Outstanding on Record Date		Dividend per Share		Total Amount
10/25/2019	11/01/2019		17,606,314	$	0.06	$	1,056,379
Total						$	1,056,379

FY2019
Record Date	Distribution Date	Number of Shares Outstanding on Record Date		Dividend per Share		Total Amount
11/01/2018	11/08/2018		17,417,875	$	0.06	$	1,045,073
1/25/2019	2/1/2019		17,481,450		0.06		1,048,887
4/24/2019	5/1/2019		17,515,228		0.06		1,050,914
7/25/2019	8/1/2019		17,536,454	$	0.06		1,052,181
Total						$	4,197,055

Schedule of stock option activity

Transactions in FY20	Number of Options			Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Life
Outstanding, August 31, 2019		1,163,259		$	12.63		7.13
Granted		34,500		$	35.57
Exercised		(29,445	)	$	8.11
Cancelled/Forfeited		(27,035	)	$	12.84
Outstanding, November 30, 2019		1,141,279		$	13.44		6.99
Exercisable, November 30, 2019		511,534		$	9.25		5.90

Assumptions for options

	YTD FY 2020		FY 2019
Estimated fair value of awards granted	$	401,580	$	1,928,820
Unvested Forfeiture Rate		0%		6.20%
Weighted average grant price	$	35.57	$	22.78
Weighted average market price	$	35.57	$	22.69
Weighted average volatility		32.15%		31.61%
Weighted average risk free rate		1.56%		2.59%
Weighted average dividend yield		0.68%		1.10%
Weighted average expected life		6.68 years		6.64 years

Schedule of options by exercise price range

Exercise Price				Awards Outstanding						Awards Exercisable
Low		High		Quantity		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Quantity		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price
$	6.75	$	8.00		212,753		4.77 years	$	6.84		212,753		4.77 years	$	6.85
$	8.01	$	16.00		604,376		6.88 years	$	9.97		274,381		6.70 years	$	9.94
$	16.01	$	24.00		242,650		8.55 years	$	20.68		24,400		6.84 years	$	22.56
$	24.01	$	36.11		81,500		9.72 years	$	34.80		0		0 years	$	0
					1,141,279		6.99 years	$	13.44		511,534		5.90 years	$	9.25