SHAREHOLDERS’ EQUITY (Tables)

3 Months Ended

Nov. 30, 2020

Equity [Abstract]

Schedule of dividends declared and paid

(in thousands, except dividend per share amounts)	Fiscal Year 2021
Record Date		Distribution Date	Number of Shares Outstanding on Record Date		Dividend per Share		Total Amount
10/26/2020		11/02/2020		19,924	$	0.06	$	1,195
Total							$	1,195

(in thousands, except dividend per share amounts)	Fiscal Year 2020
Record Date		Distribution Date	Number of Shares Outstanding on Record Date		Dividend per Share		Total Amount
10/25/2019		11/01/2019		17,606	$	0.06	$	1,056
1/27/2020		2/03/2020		17,646	$	0.06		1,059
4/24/2020		5/01/2020		17,769	$	0.06		1,066
7/27/2020		8/03/2020		17,820	$	0.06		1,069
Total							$	4,250

Schedule of stock option activity

(in thousands, except per share and weighted-average amounts)	Number of			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual
Transactions during the three months ended November 30, 2020	Options			Per Share		Life
Outstanding, August 31, 2020		1,224		$	17.76		6.79
Granted		26		$	59.91
Exercised		(34	)	$	14.04
Cancelled/Forfeited		(11	)	$	24.18
Outstanding, November 30, 2020		1,205		$	18.73		6.62
Exercisable, November 30, 2020		583		$	11.16		5.35

Schedule of fair value of options

(in thousands except pricing)	Three months ended, November 30 2020		Fiscal Year 2020
Estimated fair value of awards granted	$	560	$	2,997
Unvested forfeiture rate		0%		0%
Weighted average grant price	$	59.91	$	39.23
Weighted average market price	$	59.91	$	39.23
Weighted average volatility		36.35%		33.56%
Weighted average risk-free rate		0.47%		1.39%
Weighted average dividend yield		0.40%		0.65%
Weighted average expected life		6.65 years		6.67 years

Schedule of options by exercise price range

(in thousands except prices)
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		169	3.77 years	$	6.85		169		3.77 years	$	6.85
$	8.01	$	16.00		535	5.80 years	$	9.99		337		5.74 years	$	9.99
$	16.01	$	24.00		208	7.51 years	$	20.42		49		6.19 years	$	20.61
$	24.01	$	38.00		204	8.90 years	$	33.46		28		8.70 years	$	34.83
$	38.01	$	52.00		20	9.31 years	$	38.64		–		–	$	–
$	52.01	$	61.84		69	9.68 years	$	61.10		–		–	$	–
					1,205	6.62 years	$	18.73		583		5.35 years	$	11.16

During the three months ended November 30, 2020 the company issued 1,275 shares of stock to nonmanagement directors of the Company valued at $83 thousand as compensation for services rendered to the Company.

In August 2020, the company closed an underwritten public offering of 2,090,909 shares of its common stock to the public at $55.00 per share, which included the full exercise of the underwriters’ option to purchase 272,727 additional shares of common stock. The aggregate gross proceeds to the company from this offering were approximately $115 million, before deducting underwriting discounts and commissions; net proceeds were approximately $107.7 million. The offering was made pursuant to the Company’s automatic shelf registration statement on Form S-3 filed with the SEC on July 9, 2020.

The balance of par value common stock and additional paid in capital as of November 30, 2020 was $10 thousand and $129.2 million, respectively.