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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Aug. 31, 2021
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank Act, and Item 402(v) of Regulation
S-K,
we are providing certain information, including information about the relationship between executive compensation actually paid to certain individuals by the Company and certain financial performance of the Company. For further information concerning the Company’s
pay-for-performance
philosophy and how the Company aligns executive compensation with the Company’s performance, refer to the Compensation Discussion and Analysis section of this Proxy Statement.
 
 
 
   
 
   
 
   
 
   
 
 
Average
Summary
Compensation
Table Total
for Non-PEO
NEOs
(5)
(d)
 
Average
Compensation
Actually Paid
to Non-PEO
NEOs
(6)
(e)
 
Value of Initial Fixed $100
Investment Based On:
   
 
   
 
Fiscal Year
(a)
 
Summary
Compensation
Table Total
for First PEO
(1)
(b)
 
Summary
Compensation
table Total for
Second PEO
(2)
(b)
 
Compensation
Actually Paid
to First PEO
(3)
(c)
 
Compensation
Actually Paid
to Second
PEO
(4)
(c)
 
Total
Shareholder
Return
(7)
(f)
 
Peer Group
Total
Shareholder
Return
(8)
(g)
 
Net Income
($MM)
(9)
(h)
 
EBITDA
($MM)
(10)
 
(i) 
2023
   
 
N/A
   
$
5,639,481
   
 
N/A
   
$
8,638,530
   
$
2,350,565
   
$
3,229,980
   
$
171.31
   
$
142.79
   
$
62.5
   
$
340.3
2022
   
$
6,633,675
   
 
N/A
   
$
2,293,623
   
 
N/A
   
$
3,058,323
   
$
1,618,067
   
$
111.03
   
$
135.31
   
$
46.9
   
$
231.3
2021
   
$
5,580,229
   
 
N/A
   
$
9,401,783
   
 
N/A
   
$
2,487,885
   
$
3,769,096
   
$
167.05
   
$
153.97
   
$
32.4
   
$
150.3
 
(1)
 
This column represents the amount of total compensation reported for Bill Furman (our former Chief Executive Officer and former Executive Chairman) for each corresponding fiscal year in the “Total” column of the Summary Compensation Table in each applicable fiscal year (such total for the applicable executive, “total compensation”). Please refer to the Summary Compensation Table in the Company’s Proxy Statement for the applicable fiscal year.
 
(2)
This column represents the amount of total compensation reported for Lorie L. Tekorius (our Chief Executive Officer and President) for each corresponding fiscal year in the “Total” column of the Summary Compensation Table. Please refer to the Summary Compensation Table in this Proxy Statement.
 
(3)
 
This column represents the amount of “compensation actually paid” to Mr. Furman, as computed in accordance with Item 402(v) of Regulation
S-K.
The amounts do not reflect the actual amount of compensation earned by or paid to Mr. Furman during the applicable fiscal year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to Mr. Furman’s total compensation for each fiscal year to determine the “compensation actually paid”:
 
Fiscal Year
  
Reported
Summary
Compensation
Table Total
for First PEO
(a)
    
Reported
Summary
Compensation
Table Value of
First PEO
Equity
Awards
(b)
    
Adjusted
Value of
First PEO
Equity
Awards
(c)
    
Compensation 
Actually Paid 
to First PEO 
 
2023
  
 
N/A
 
  
 
N/A
 
  
 
N/A
 
  
 
N/A
 
2022
  
$
6,633,675
 
  
$
3,257,308
 
  
 
($1,082,744
  
$
2,293,623
 
2021
  
$
5,580,229
 
  
$
3,421,997
 
  
 
$7,243,551
 
  
$
9,401,783
 
 
 
(a)
 
This column represents the amount of total compensation reported for Mr. Furman for each corresponding fiscal year in the “Total” column of the Summary Compensation Table in each applicable fiscal year. Please refer to the Summary Compensation Table in the Company’s Proxy Statement for the applicable fiscal year.
 
 
(b)
 
This column represents the grant date fair value of equity awards reported in the “Stock Awards” column in the Summary Compensation Table for the applicable fiscal year. Please refer to the Summary Compensation Table in the Company’s Proxy Statement for the applicable fiscal year. The amount in this column for each fiscal year is replaced with the corresponding amount reported under the Adjusted Value of First PEO Equity Awards column in order to arrive at compensation actually paid.
 
 
(c)
 
This column represents an adjustment to the amounts in the “Stock Awards” column in the Summary Compensation Table for the applicable fiscal year (a “Subject Year”). For a Subject Year, the adjusted amount replaces the “Stock Awards” column in the Summary Compensation Table for Mr. Furman to arrive at “compensation actually paid” to Mr. Furman for such Subject Year. The adjusted amount is determined by adding (or subtracting, as applicable) the following for that Subject Year: (i) the fiscal
year-end
fair value of any equity awards granted in the Subject Year that are outstanding and unvested as of the end of the Subject Year; (ii) the amount of change as of the end of the Subject Year (from the end of the prior fiscal year) in the fair value of any awards granted in prior fiscal years that are outstanding and unvested as of the end of the Subject Year; (iii) for awards that are granted and vest in the Subject Year, the fair value as of the vesting date; (iv) for awards granted in prior fiscal years that vest in the Subject Year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in the fair value; (v) for awards granted in prior fiscal years that are determined to fail to meet the applicable vesting conditions during the Subject Year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the Subject Year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the Subject Year. The amounts added or subtracted to determine the adjusted amount are as follows:
 
Fiscal Year
 
Fiscal Year End
Fair Value of Equity
Awards Granted
in the Fiscal Year
 
Fiscal Year over
Fiscal Year Change in
Fair Value of Outstanding
and Unvested Equity Awards
at FYE Granted in
Prior Fiscal Years
 
Fair Value as of Vesting
Date of Equity Awards
Granted and Vested
in the Fiscal Year
 
Change in Fair Value
of Equity Awards
Granted in Prior Fiscal
Years that Vested
in the Fiscal Year
 
Fair Value at the End
of the Prior Fiscal Year
of Equity Awards that
Failed to Meet
Vesting Conditions
in the Fiscal Year
 
Value of Dividends or
Other Earnings Paid on
Stock Awards not Otherwise
Reflected in Fair Value or
Total Compensation in the
Summary Compensation Table
for the Fiscal Year
 
Adjusted Value 
of Equity Awards 
2023
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
2022
   
$
2,645,006
   
 
($3,661,878
)
   
$
0
   
$
87,108
   
$
271,545
   
$
118,565
   
 
($1,082,744
)
2021
   
$
4,619,077
   
 
$1,335,943
   
$
863,558
   
$
286,784
   
$
18,637
   
$
156,826
   
 
$7,243,551
 
    
The fair value or change in fair value, as applicable, of stock awards was determined by reference to (x) for RSU awards, the closing price of our common stock on the applicable measurement date, (y) for performance-based RSUs (excluding market-conditioned (relative
TSR-based)
performance-based RSUs), the closing price of our common stock on the applicable measurement date multiplied by the probability of achievement as of such date and (z) for market-conditioned performance-based RSUs, a Monte Carlo simulation with reference to the risk free rate, dividend yield and volatility assumptions as of the applicable measurement date.
 
(4)
 
This column represents the amount of “compensation actually paid” to Ms. Tekorius, as computed in accordance with Item 402(v) of Regulation
S-K.
The amounts do not reflect the actual amount of compensation earned by or paid to Ms. Tekorius during the applicable fiscal year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to Ms. Tekorius’ total compensation for each fiscal year to determine the “compensation actually paid”:
 
Fiscal Year
  
Reported
Summary Compensation
Table Total for Second
PEO
(a)
    
Reported
Summary Compensation
Table Value of Second
PEO Equity Awards
(b)
    
Adjusted Value of
Second PEO
Equity Awards
(c)
    
Compensation
Actually
Paid to Second PEO
 
2023
  
$
5,639,481
 
  
$
2,819,190
 
  
$
5,818,240
 
  
$
8,638,530
2022
  
 
N/A
 
  
 
N/A
 
  
 
N/A
 
  
 
N/A
 
2021
  
 
N/A
 
  
 
N/A
 
  
 
N/A
 
  
 
N/A
 
 
 
*
Any differences in total values are due to rounding.
 
 
(a)
 
This column represents the amount of total compensation reported for Ms. Tekorius for each corresponding fiscal year in the “Total” column of the Summary Compensation Table. Please refer to the Summary Compensation Table in this Proxy Statement.
 
 
(b)
 
This column represents the grant date fair value of equity awards reported in the “Stock Awards” column in the Summary Compensation Table for the applicable fiscal year. Please refer to the Summary Compensation Table in this Proxy Statement. The amount in this column for each fiscal year is replaced with the corresponding amount reported under the Adjusted Value of Second PEO Equity Awards column in order to arrive at compensation actually paid.
 
 
(c)
 
This column represents an adjustment to the amounts in the “Stock Awards” column in the Summary Compensation Table for the Subject Year. For a Subject Year, the adjusted amount replaces the “Stock Awards” column in the Summary Compensation Table for Ms. Tekorius to arrive at “compensation actually paid” to Ms. Tekorius for such Subject Year. The adjusted amount is determined by adding (or subtracting, as applicable) the following for that Subject Year: (i) the fiscal
year-end
fair value of any equity awards granted in the Subject Year that are outstanding and unvested as of the end of the Subject Year; (ii) the amount of change as of the end of the Subject Year (from the end of the prior fiscal year) in the fair value of any awards granted in prior fiscal years that are outstanding and unvested as of the end of the Subject Year; (iii) for awards that are granted and vest in the Subject Year, the fair value as of the vesting date; (iv) for awards granted in prior fiscal years that vest in the Subject Year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in the fair value; (v) for awards granted in prior fiscal years that are determined to fail to meet the applicable vesting conditions during the Subject Year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the Subject Year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the Subject Year. The amounts added or subtracted to determine the adjusted amount are as follows:
 
Fiscal Year
 
Fiscal Year End
Fair Value of Equity
Awards Granted
in the Fiscal Year
 
Fiscal Year over
Fiscal Year Change in
Fair Value of Outstanding
and Unvested Equity Awards
at FYE Granted in
Prior Fiscal Years
 
Fair Value as of Vesting
Date of Equity Awards
Granted and Vested
in the Fiscal Year
 
Change in Fair Value
of Equity Awards
Granted in Prior Fiscal
Years that Vested
in the Fiscal Year
 
Fair Value at the End
of the Prior Fiscal Year
of Equity Awards that
Failed to Meet
Vesting Conditions
in the Fiscal Year
 
Value of Dividends or
other Earnings Paid on
Stock Awards not Otherwise
Reflected in Fair Value or
Total Compensation in the
Summary Compensation Table
for the Fiscal Year
 
Adjusted Value 
of Equity Awards 
2023
   
$
4,758,620
   
$
681,771
   
$
0
   
$
268,605
   
$
0
   
$
109,244
   
$
5,818,240
2022
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
2021
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
 
    
The fair value or change in fair value, as applicable, of stock awards was determined by reference to (x) for RSU awards, the closing price of our common stock on the applicable measurement date, (y) for performance-based RSUs (excluding market-conditioned (relative
TSR-based)
performance-based RSUs), the closing price of our common stock on the applicable measurement date multiplied by the probability of achievement as of such date and (z) for market-conditioned performance-based RSUs, a Monte Carlo simulation with reference to the risk free rate, dividend yield and volatility assumptions as of the applicable measurement date.
 
(5)
 
This column represents the average of the amounts reported for the Company’s NEOs as a group (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) in the “Total” column of the Summary Compensation Table in each applicable fiscal year. Please refer to the Summary Compensation Table in the Company’s Proxy Statement for the applicable fiscal year. The names of each of the NEOs (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) included for purposes of calculating the average amounts in each applicable fiscal year are as follows: (i) for fiscal 2023, Adrian J. Downes, Brian J. Comstock, William Krueger and Martin R. Baker; (ii) for fiscal 2022, Lorie L. Tekorius, Alejandro Centurion, Brian J. Comstock and Adrian J. Downes; and (iii) for fiscal 2021, Lorie L. Tekorius, Mark J. Rittenbaum, Alejandro Centurion, Brian J. Comstock and Adrian J. Downes.
 
(6)
 
This column represents the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius), as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) during the applicable fiscal year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to average total compensation for the NEOs as a group (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) for each fiscal year to determine the “compensation actually paid”, using the same adjustment methodology described above in Note 2(c):
 
Fiscal Year
  
Average Reported
Summary Compensation
Table Total for
Non-PEO NEOs
(a)
    
Average Reported
Summary Compensation
Table Value of
Non-PEO

NEO Equity Awards
(b)
    
Average Non-
PEO NEO
Adjusted Value of
Equity Awards
(c)
    
Average
Compensation
Actually Paid to
Non-PEO
NEOs
 
2023
  
$
2,350,565
 
  
$
859,867
 
  
$
1,739,282
 
  
$
3,229,980
 
2022
  
$
3,058,323
 
  
$
1,157,446
 
  
($
282,810
  
$
1,618,067
 
2021
  
$
2,487,885
 
  
$
1,113,900
 
  
$
2,395,110
 
  
$
3,769,096
 
 
 
(a)
 
This column represents the average of the amounts reported for the Company’s NEOs as a group (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) in the “Total” column of the Summary Compensation Table in each applicable fiscal year. Please refer to the Summary Compensation Table in the Company’s Proxy Statement for the applicable fiscal year.
 
 
(b)
 
This column represents the average of the total amounts reported for the NEOs as a group (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) in the “Stock Awards” column in the Summary Compensation Table in each applicable fiscal year. Please refer to the Executive Compensation Tables section of the Company’s Proxy Statement for the applicable fiscal year. The amount in this column for each fiscal year is replaced with the corresponding amount reported under the Average Non-PEO NEO Adjusted Value of Equity Awards column in order to arrive at compensation actually paid.
 
 
(c)
 
This column represents an adjustment to the average of the amounts reported for the NEOs as a group (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) in the “Stock Awards” column in the Summary Compensation Table in each applicable fiscal year determined using the same methodology described above in Note 2(c). For each fiscal year, the adjusted amount replaces the “Stock Awards” column in the Summary Compensation Table for each NEO (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) to arrive at “compensation actually paid” to each NEO (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) for that fiscal year, which is then averaged to determine the average “compensation actually paid” to the NEOs (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) for that fiscal year. The amounts added or subtracted to determine the adjusted average amount are as follows:
 
Fiscal Year
 
Average Fiscal Year End
Fair Value of Equity
Awards Granted
in the Fiscal Year
 
Average Fiscal Year
over Fiscal Year Change in
Fair Value of Outstanding
and Unvested Equity Awards
at FYE Granted in
Prior Fiscal Years
 
Average Fair Value as of
Vesting Date of Equity
Awards Granted in the
Fiscal Year and Vested
in the Fiscal Year
 
Average Change in
Fair Value of Equity
Awards Granted in
Prior Fiscal Years that
Vested in the Fiscal Year
 
Average Fair Value at the
End of the Prior Fiscal
Year of Equity Awards
that Failed to Meet
Vesting Conditions in
the Fiscal Year
 
Average Value of Dividends or
other Earnings Paid on
Stock Awards not Otherwise
Reflected in Fair Value or
Total Compensation in the
Summary Compensation Table
for the Fiscal Year
 
Adjusted Average 
Value of Equity 
Awards 
2023
   
$
1,451,403
   
$
296,516
   
$
0
   
($
23,185
)
   
$
0
   
$
14,548
   
$
1,739,282
2022
   
$
683,619
   
($
984,268
)
   
$
0
   
$
3,390
   
$
38,362
   
$
52,811
   
($
282,810
)
2021
   
$
1,502,457
   
$
562,020
   
$
0
   
$
305,706
   
$
2,423
   
$
27,350
   
$
2,395,110
 
(7)
 
This column represents cumulative Company total shareholder return (“TSR”) and is calculated by assuming that a $100 investment was made on the day prior to the first fiscal year reported and reinvesting all dividends until the last day of each reported fiscal year.
 
(8)
 
This column represents cumulative peer group TSR computed in accordance with Note 7. The peer group used for this purpose is the following published industry index: S&P 600 Index.
 
(9)
 
This column represents the amount of net income reflected in the Company’s audited financial statements for the applicable fiscal year.
 
(10)
 
This column represents EBITDA, a
non-GAAP
financial measure. See Compensation Discussion and Analysis above for additional information regarding the use of this metric and a reconciliation to GAAP.
   
Company Selected Measure Name EBITDA    
Named Executive Officers, Footnote This column represents the average of the amounts reported for the Company’s NEOs as a group (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) in the “Total” column of the Summary Compensation Table in each applicable fiscal year. Please refer to the Summary Compensation Table in the Company’s Proxy Statement for the applicable fiscal year. The names of each of the NEOs (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) included for purposes of calculating the average amounts in each applicable fiscal year are as follows: (i) for fiscal 2023, Adrian J. Downes, Brian J. Comstock, William Krueger and Martin R. Baker; (ii) for fiscal 2022, Lorie L. Tekorius, Alejandro Centurion, Brian J. Comstock and Adrian J. Downes; and (iii) for fiscal 2021, Lorie L. Tekorius, Mark J. Rittenbaum, Alejandro Centurion, Brian J. Comstock and Adrian J. Downes.    
Peer Group Issuers, Footnote
(8)
 
This column represents cumulative peer group TSR computed in accordance with Note 7. The peer group used for this purpose is the following published industry index: S&P 600 Index.
   
Adjustment To PEO Compensation, Footnote
(3)
 
This column represents the amount of “compensation actually paid” to Mr. Furman, as computed in accordance with Item 402(v) of Regulation
S-K.
The amounts do not reflect the actual amount of compensation earned by or paid to Mr. Furman during the applicable fiscal year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to Mr. Furman’s total compensation for each fiscal year to determine the “compensation actually paid”:
 
Fiscal Year
  
Reported
Summary
Compensation
Table Total
for First PEO
(a)
    
Reported
Summary
Compensation
Table Value of
First PEO
Equity
Awards
(b)
    
Adjusted
Value of
First PEO
Equity
Awards
(c)
    
Compensation 
Actually Paid 
to First PEO 
 
2023
  
 
N/A
 
  
 
N/A
 
  
 
N/A
 
  
 
N/A
 
2022
  
$
6,633,675
 
  
$
3,257,308
 
  
 
($1,082,744
  
$
2,293,623
 
2021
  
$
5,580,229
 
  
$
3,421,997
 
  
 
$7,243,551
 
  
$
9,401,783
 
 
 
(a)
 
This column represents the amount of total compensation reported for Mr. Furman for each corresponding fiscal year in the “Total” column of the Summary Compensation Table in each applicable fiscal year. Please refer to the Summary Compensation Table in the Company’s Proxy Statement for the applicable fiscal year.
 
 
(b)
 
This column represents the grant date fair value of equity awards reported in the “Stock Awards” column in the Summary Compensation Table for the applicable fiscal year. Please refer to the Summary Compensation Table in the Company’s Proxy Statement for the applicable fiscal year. The amount in this column for each fiscal year is replaced with the corresponding amount reported under the Adjusted Value of First PEO Equity Awards column in order to arrive at compensation actually paid.
 
 
(c)
 
This column represents an adjustment to the amounts in the “Stock Awards” column in the Summary Compensation Table for the applicable fiscal year (a “Subject Year”). For a Subject Year, the adjusted amount replaces the “Stock Awards” column in the Summary Compensation Table for Mr. Furman to arrive at “compensation actually paid” to Mr. Furman for such Subject Year. The adjusted amount is determined by adding (or subtracting, as applicable) the following for that Subject Year: (i) the fiscal
year-end
fair value of any equity awards granted in the Subject Year that are outstanding and unvested as of the end of the Subject Year; (ii) the amount of change as of the end of the Subject Year (from the end of the prior fiscal year) in the fair value of any awards granted in prior fiscal years that are outstanding and unvested as of the end of the Subject Year; (iii) for awards that are granted and vest in the Subject Year, the fair value as of the vesting date; (iv) for awards granted in prior fiscal years that vest in the Subject Year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in the fair value; (v) for awards granted in prior fiscal years that are determined to fail to meet the applicable vesting conditions during the Subject Year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the Subject Year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the Subject Year. The amounts added or subtracted to determine the adjusted amount are as follows:
 
Fiscal Year
 
Fiscal Year End
Fair Value of Equity
Awards Granted
in the Fiscal Year
 
Fiscal Year over
Fiscal Year Change in
Fair Value of Outstanding
and Unvested Equity Awards
at FYE Granted in
Prior Fiscal Years
 
Fair Value as of Vesting
Date of Equity Awards
Granted and Vested
in the Fiscal Year
 
Change in Fair Value
of Equity Awards
Granted in Prior Fiscal
Years that Vested
in the Fiscal Year
 
Fair Value at the End
of the Prior Fiscal Year
of Equity Awards that
Failed to Meet
Vesting Conditions
in the Fiscal Year
 
Value of Dividends or
Other Earnings Paid on
Stock Awards not Otherwise
Reflected in Fair Value or
Total Compensation in the
Summary Compensation Table
for the Fiscal Year
 
Adjusted Value 
of Equity Awards 
2023
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
2022
   
$
2,645,006
   
 
($3,661,878
)
   
$
0
   
$
87,108
   
$
271,545
   
$
118,565
   
 
($1,082,744
)
2021
   
$
4,619,077
   
 
$1,335,943
   
$
863,558
   
$
286,784
   
$
18,637
   
$
156,826
   
 
$7,243,551
 
    
The fair value or change in fair value, as applicable, of stock awards was determined by reference to (x) for RSU awards, the closing price of our common stock on the applicable measurement date, (y) for performance-based RSUs (excluding market-conditioned (relative
TSR-based)
performance-based RSUs), the closing price of our common stock on the applicable measurement date multiplied by the probability of achievement as of such date and (z) for market-conditioned performance-based RSUs, a Monte Carlo simulation with reference to the risk free rate, dividend yield and volatility assumptions as of the applicable measurement date.
 
(4)
 
This column represents the amount of “compensation actually paid” to Ms. Tekorius, as computed in accordance with Item 402(v) of Regulation
S-K.
The amounts do not reflect the actual amount of compensation earned by or paid to Ms. Tekorius during the applicable fiscal year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to Ms. Tekorius’ total compensation for each fiscal year to determine the “compensation actually paid”:
 
Fiscal Year
  
Reported
Summary Compensation
Table Total for Second
PEO
(a)
    
Reported
Summary Compensation
Table Value of Second
PEO Equity Awards
(b)
    
Adjusted Value of
Second PEO
Equity Awards
(c)
    
Compensation
Actually
Paid to Second PEO
 
2023
  
$
5,639,481
 
  
$
2,819,190
 
  
$
5,818,240
 
  
$
8,638,530
2022
  
 
N/A
 
  
 
N/A
 
  
 
N/A
 
  
 
N/A
 
2021
  
 
N/A
 
  
 
N/A
 
  
 
N/A
 
  
 
N/A
 
 
 
*
Any differences in total values are due to rounding.
 
 
(a)
 
This column represents the amount of total compensation reported for Ms. Tekorius for each corresponding fiscal year in the “Total” column of the Summary Compensation Table. Please refer to the Summary Compensation Table in this Proxy Statement.
 
 
(b)
 
This column represents the grant date fair value of equity awards reported in the “Stock Awards” column in the Summary Compensation Table for the applicable fiscal year. Please refer to the Summary Compensation Table in this Proxy Statement. The amount in this column for each fiscal year is replaced with the corresponding amount reported under the Adjusted Value of Second PEO Equity Awards column in order to arrive at compensation actually paid.
 
 
(c)
 
This column represents an adjustment to the amounts in the “Stock Awards” column in the Summary Compensation Table for the Subject Year. For a Subject Year, the adjusted amount replaces the “Stock Awards” column in the Summary Compensation Table for Ms. Tekorius to arrive at “compensation actually paid” to Ms. Tekorius for such Subject Year. The adjusted amount is determined by adding (or subtracting, as applicable) the following for that Subject Year: (i) the fiscal
year-end
fair value of any equity awards granted in the Subject Year that are outstanding and unvested as of the end of the Subject Year; (ii) the amount of change as of the end of the Subject Year (from the end of the prior fiscal year) in the fair value of any awards granted in prior fiscal years that are outstanding and unvested as of the end of the Subject Year; (iii) for awards that are granted and vest in the Subject Year, the fair value as of the vesting date; (iv) for awards granted in prior fiscal years that vest in the Subject Year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in the fair value; (v) for awards granted in prior fiscal years that are determined to fail to meet the applicable vesting conditions during the Subject Year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the Subject Year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the Subject Year. The amounts added or subtracted to determine the adjusted amount are as follows:
 
Fiscal Year
 
Fiscal Year End
Fair Value of Equity
Awards Granted
in the Fiscal Year
 
Fiscal Year over
Fiscal Year Change in
Fair Value of Outstanding
and Unvested Equity Awards
at FYE Granted in
Prior Fiscal Years
 
Fair Value as of Vesting
Date of Equity Awards
Granted and Vested
in the Fiscal Year
 
Change in Fair Value
of Equity Awards
Granted in Prior Fiscal
Years that Vested
in the Fiscal Year
 
Fair Value at the End
of the Prior Fiscal Year
of Equity Awards that
Failed to Meet
Vesting Conditions
in the Fiscal Year
 
Value of Dividends or
other Earnings Paid on
Stock Awards not Otherwise
Reflected in Fair Value or
Total Compensation in the
Summary Compensation Table
for the Fiscal Year
 
Adjusted Value 
of Equity Awards 
2023
   
$
4,758,620
   
$
681,771
   
$
0
   
$
268,605
   
$
0
   
$
109,244
   
$
5,818,240
2022
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
2021
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
   
 
N/A
 
    
The fair value or change in fair value, as applicable, of stock awards was determined by reference to (x) for RSU awards, the closing price of our common stock on the applicable measurement date, (y) for performance-based RSUs (excluding market-conditioned (relative
TSR-based)
performance-based RSUs), the closing price of our common stock on the applicable measurement date multiplied by the probability of achievement as of such date and (z) for market-conditioned performance-based RSUs, a Monte Carlo simulation with reference to the risk free rate, dividend yield and volatility assumptions as of the applicable measurement date.
 
   
Non-PEO NEO Average Total Compensation Amount $ 2,350,565 $ 3,058,323 $ 2,487,885
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,229,980 1,618,067 3,769,096
Adjustment to Non-PEO NEO Compensation Footnote
(6)
 
This column represents the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius), as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) during the applicable fiscal year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to average total compensation for the NEOs as a group (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) for each fiscal year to determine the “compensation actually paid”, using the same adjustment methodology described above in Note 2(c):
 
Fiscal Year
  
Average Reported
Summary Compensation
Table Total for
Non-PEO NEOs
(a)
    
Average Reported
Summary Compensation
Table Value of
Non-PEO

NEO Equity Awards
(b)
    
Average Non-
PEO NEO
Adjusted Value of
Equity Awards
(c)
    
Average
Compensation
Actually Paid to
Non-PEO
NEOs
 
2023
  
$
2,350,565
 
  
$
859,867
 
  
$
1,739,282
 
  
$
3,229,980
 
2022
  
$
3,058,323
 
  
$
1,157,446
 
  
($
282,810
  
$
1,618,067
 
2021
  
$
2,487,885
 
  
$
1,113,900
 
  
$
2,395,110
 
  
$
3,769,096
 
 
 
(a)
 
This column represents the average of the amounts reported for the Company’s NEOs as a group (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) in the “Total” column of the Summary Compensation Table in each applicable fiscal year. Please refer to the Summary Compensation Table in the Company’s Proxy Statement for the applicable fiscal year.
 
 
(b)
 
This column represents the average of the total amounts reported for the NEOs as a group (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) in the “Stock Awards” column in the Summary Compensation Table in each applicable fiscal year. Please refer to the Executive Compensation Tables section of the Company’s Proxy Statement for the applicable fiscal year. The amount in this column for each fiscal year is replaced with the corresponding amount reported under the Average Non-PEO NEO Adjusted Value of Equity Awards column in order to arrive at compensation actually paid.
 
 
(c)
 
This column represents an adjustment to the average of the amounts reported for the NEOs as a group (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) in the “Stock Awards” column in the Summary Compensation Table in each applicable fiscal year determined using the same methodology described above in Note 2(c). For each fiscal year, the adjusted amount replaces the “Stock Awards” column in the Summary Compensation Table for each NEO (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) to arrive at “compensation actually paid” to each NEO (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) for that fiscal year, which is then averaged to determine the average “compensation actually paid” to the NEOs (excluding Mr. Furman and, for fiscal 2023, Ms. Tekorius) for that fiscal year. The amounts added or subtracted to determine the adjusted average amount are as follows:
 
Fiscal Year
 
Average Fiscal Year End
Fair Value of Equity
Awards Granted
in the Fiscal Year
 
Average Fiscal Year
over Fiscal Year Change in
Fair Value of Outstanding
and Unvested Equity Awards
at FYE Granted in
Prior Fiscal Years
 
Average Fair Value as of
Vesting Date of Equity
Awards Granted in the
Fiscal Year and Vested
in the Fiscal Year
 
Average Change in
Fair Value of Equity
Awards Granted in
Prior Fiscal Years that
Vested in the Fiscal Year
 
Average Fair Value at the
End of the Prior Fiscal
Year of Equity Awards
that Failed to Meet
Vesting Conditions in
the Fiscal Year
 
Average Value of Dividends or
other Earnings Paid on
Stock Awards not Otherwise
Reflected in Fair Value or
Total Compensation in the
Summary Compensation Table
for the Fiscal Year
 
Adjusted Average 
Value of Equity 
Awards 
2023
   
$
1,451,403
   
$
296,516
   
$
0
   
($
23,185
)
   
$
0
   
$
14,548
   
$
1,739,282
2022
   
$
683,619
   
($
984,268
)
   
$
0
   
$
3,390
   
$
38,362
   
$
52,811
   
($
282,810
)
2021
   
$
1,502,457
   
$
562,020
   
$
0
   
$
305,706
   
$
2,423
   
$
27,350
   
$
2,395,110
   
Compensation Actually Paid vs. Total Shareholder Return LOGO    
Compensation Actually Paid vs. Net Income LOGO    
Compensation Actually Paid vs. Company Selected Measure LOGO    
Total Shareholder Return Vs Peer Group LOGO    
Tabular List, Table
FINANCIAL PERFORMANCE MEASURES
As described in greater detail in the Compensation Discussion and Analysis section of this Proxy Statement, the Company’s executive compensation program reflects a
pay-for-performance
philosophy. The metrics that the Company uses for both our long-term and short-term incentive awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our shareholders. The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:
 
 
EBITDA;
 
 
EPS;
 
 
ROIC; and
 
 
rTSR.
   
Total Shareholder Return Amount $ 171.31 111.03 167.05
Peer Group Total Shareholder Return Amount 142.79 135.31 153.97
Net Income (Loss) $ 62,500,000 $ 46,900,000 $ 32,400,000
Company Selected Measure Amount 340,300,000 231,300,000 150,300,000
Measure:: 1      
Pay vs Performance Disclosure      
Name EBITDA    
Non-GAAP Measure Description This column represents EBITDA, a
non-GAAP
financial measure. See Compensation Discussion and Analysis above for additional information regarding the use of this metric and a reconciliation to GAAP.
   
Measure:: 2      
Pay vs Performance Disclosure      
Name EPS    
Measure:: 3      
Pay vs Performance Disclosure      
Name ROIC    
Measure:: 4      
Pay vs Performance Disclosure      
Name rTSR    
Bill Furman [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount   $ 6,633,675 $ 5,580,229
PEO Actually Paid Compensation Amount   $ 2,293,623 $ 9,401,783
Lorie L. Tekorius [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount $ 5,639,481    
PEO Actually Paid Compensation Amount $ 8,638,530    
PEO | Bill Furman [Member]      
Pay vs Performance Disclosure      
PEO Name   Bill Furman Bill Furman
PEO | Bill Furman [Member] | Fiscal Year End Fair Value of Equity Awards Granted in the Fiscal Year [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table)   $ 2,645,006 $ 4,619,077
PEO | Bill Furman [Member] | Fiscal Year over Fiscal Year Change in Fair Value of Outstanding and Unvested Equity Awards at FYE Granted in Prior Fiscal Years [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table)   (3,661,878) 1,335,943
PEO | Bill Furman [Member] | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Fiscal Year [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table)   0 863,558
PEO | Bill Furman [Member] | Change in Fair Value of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table)   87,108 286,784
PEO | Bill Furman [Member] | Fair Value at the End of the Prior Fiscal Year of Equity Awards that Failed to Meet Vesting Conditions in the Fiscal Year [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table)   271,545 18,637
PEO | Bill Furman [Member] | Value of Dividends or Other Earnings Paid on Stock Awards not Otherwise Reflected in Fair Value or Total Compensation in the Summary Compensation Table for the Fiscal Year [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table)   118,565 156,826
PEO | Bill Furman [Member] | Adjusted Value of Equity Awards [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table)   (1,082,744) 7,243,551
PEO | Bill Furman [Member] | Reported Summary Compensation Table Value of Equity Awards [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table)   3,257,308 3,421,997
PEO | Lorie L. Tekorius [Member]      
Pay vs Performance Disclosure      
PEO Name Lorie L. Tekorius    
PEO | Lorie L. Tekorius [Member] | Fiscal Year End Fair Value of Equity Awards Granted in the Fiscal Year [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table) $ 4,758,620    
PEO | Lorie L. Tekorius [Member] | Fiscal Year over Fiscal Year Change in Fair Value of Outstanding and Unvested Equity Awards at FYE Granted in Prior Fiscal Years [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table) 681,771    
PEO | Lorie L. Tekorius [Member] | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Fiscal Year [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table) 0    
PEO | Lorie L. Tekorius [Member] | Change in Fair Value of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table) 268,605    
PEO | Lorie L. Tekorius [Member] | Fair Value at the End of the Prior Fiscal Year of Equity Awards that Failed to Meet Vesting Conditions in the Fiscal Year [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table) 0    
PEO | Lorie L. Tekorius [Member] | Value of Dividends or Other Earnings Paid on Stock Awards not Otherwise Reflected in Fair Value or Total Compensation in the Summary Compensation Table for the Fiscal Year [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table) 109,244    
PEO | Lorie L. Tekorius [Member] | Adjusted Value of Equity Awards [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table) 5,818,240    
PEO | Lorie L. Tekorius [Member] | Reported Summary Compensation Table Value of Equity Awards [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table) 2,819,190    
Non-PEO NEO | Average Fiscal Year End Fair Value of Equity Awards Granted in the Fiscal Year [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table) 1,451,403 683,619 1,502,457
Non-PEO NEO | Average Fiscal Year over Fiscal Year Change in Fair Value of Outstanding and Unvested Equity Awards at FYE Granted in Prior Fiscal Years [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table) 296,516 (984,268) 562,020
Non-PEO NEO | Average Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Fiscal Year [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table) 0 0 0
Non-PEO NEO | Average Change in Fair Value of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table) (23,185) 3,390 305,706
Non-PEO NEO | Average Fair Value at the End of the Prior Fiscal Year of Equity Awards that Failed to Meet Vesting Conditions in the Fiscal Year [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table) 0 38,362 2,423
Non-PEO NEO | Average Value of Dividends or Other Earnings Paid on Stock Awards not Otherwise Reflected in Fair Value or Total Compensation in the Summary Compensation Table for the Fiscal Year [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table) 14,548 52,811 27,350
Non-PEO NEO | Average Adjusted Value of Equity Awards [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table) 1,739,282 (282,810) 2,395,110
Non-PEO NEO | Average Reported Summary Compensation Table Value of Equity Awards [Member]      
Pay vs Performance Disclosure      
Equity Awards (from Summary Compensation Table) $ 859,867 $ 1,157,446 $ 1,113,900