SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Aug. 31, 2020

Equity [Abstract]

Schedule of dividends declared and paid

FY2018
Record Date	Distribution Date	Number of Shares Outstanding on Record Date		Dividend per Share		Total Amount
11/13/2017	11/20/2017		17,284,792	$	0.06	$	1,037,088
1/26/2018	2/02/2018		17,317,752	$	0.06		1,039,065
4/25/2018	5/02/2018		17,354,005	$	0.06		1,041,240
7/26/2018	8/02/2018		17,405,775	$	0.06		1,044,347
Total						$	4,161,740

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	2/01/2019		17,481,450	$	0.06		1,048,887
4/24/2019	5/01/2019		17,515,228	$	0.06		1,050,914
7/25/2019	8/01/2019		17,536,454	$	0.06		1,052,181
Total						$	4,197,055

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
1/27/2020	2/03/2020		17,645,639	$	0.06		1,058,740
4/24/2020	5/01/2020		17,769,134	$	0.06		1,066,148
7/27/2020	8/03/2020		17,820,057	$	0.06		1,069,203
Total						$	4,250,470

Schedule of stock option activity

Transactions in FY18	Number of Options			Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Life
Outstanding, August 31, 2017		1,249,126		$	8.51		7.74
Granted		52,000			22.36
Exercised		(130,006	)		5.97
Canceled/Forfeited		(30,144	)		9.10
Expired		(6,000	)		5.06
Outstanding, August 31, 2018		1,134,976		$	9.44		7.31
Vested and Exercisable, August 31, 2018		483,696		$	7.79		6.48
Vested and Expected to Vest, August 31, 2018		1,069,807		$	9.35		7.26

Transactions in FY19	Number of Options			Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Life
Outstanding, August 31, 2018		1,134,976		$	9.44		7.31
Granted		263,500			22.78
Exercised		(166,703	)		7.15
Canceled/Forfeited		(68,514	)		12.17
Expired		–			–
Outstanding, August 31, 2019		1,163,259		$	12.63		7.13
Vested and Exercisable, August 31, 2019		515,394		$	8.57		6.09
Vested and Expected to Vest, August 31, 2019		1,101,800		$	12.39		7.07

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		223,000			39.23
Exercised		(121,647	)		9.29
Canceled/Forfeited		(40,951	)		14.19
Expired		–			–
Outstanding, August 31, 2020		1,223,661		$	17.76		6.79
Vested and Exercisable, August 31, 2020		596,311		$	10.69		5.59
Vested and Expected to Vest, August 31, 2020		1,194,239		$	17.75		6.77

Intrinsic Value of options outstanding and options exercisable

	Intrinsic Value of Options Outstanding		Intrinsic Value of Options Exercisable		Intrinsic Value of Options Exercised
FY18	$	13,064,884	$	6,315,086	$	1,495,313
FY19	$	27,312,742	$	14,194,724	$	3,224,454
FY20	$	51,272,966	$	29,150,912	$	4,085,753

Schedule of fair value of options

	FY 2020		FY 2019
Estimated fair value of awards granted	$	2,997,120	$	1,928,820
Unvested Forfeiture Rate		0%		6.20%
Weighted average grant price	$	39.23	$	22.78
Weighted average market price	$	39.23	$	22.69
Weighted average volatility		33.56%		31.61%
Weighted average risk-free rate		1.39%		2.59%
Weighted average dividend yield		0.65%		1.10%
Weighted average expected life		6.67 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		177,730		4.0 years	$	6.85		177,730		4.0 years	$	6.85
$	8.01	$	16.00		547,901		6.0 years	$	9.98		350,721		6.0 years	$	9.97
$	16.01	$	24.00		230,280		7.8 years	$	20.70		50,560		7.2 years	$	21.18
$	24.01	$	38.00		204,950		9.1 years	$	33.45		17,300		8.9 years	$	34.23
$	38.01	$	52.00		19,800		9.6 years	$	38.64		–		–		–
$	52.01	$	61.84		43,000		9.9 years	$	61.84		–		–		–
					1,223,661		6.8 years	$	17.76		596,311		5.6 years	$	10.69