Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS' EQUITY (Tables)

v3.22.2
SHAREHOLDERS' EQUITY (Tables)
9 Months Ended
May 31, 2022
SHAREHOLDERS' EQUITY [Abstract]  
Stock Option Activity

The following table summarizes the combined stock option activity for the 2004 Incentive Plan and 2014 Equity Plan for the nine months ended May 31, 2022:

    

Number of Options

    

Weighted Average Exercise Price

    

Weighted Average Remaining Contractual Term

    

Approximate Aggregate Intrinsic Value
(in thousands)

Outstanding at August 31, 2021

 

714,500

$

7.80

 

6.1

$

5,107

Granted

 

105,000

$

13.37

 

  

 

  

Exercised

 

(103,667)

$

6.87

 

  

 

  

Forfeited / Expired

(3,333)

$

10.45

Outstanding at May 31, 2022

 

712,500

$

8.75

 

6.3

$

2,032

 

  

 

  

 

  

 

  

Options exercisable at May 31, 2022

 

479,502

$

7.56

 

5.0

$

1,794

Non-Vested Options

The following table summarizes the combined activity and value of non-vested options under the 2004 Equity Plan and 2014 Incentive Plan as for the nine months ended May 31, 2022:

    

Number of Options

    

Weighted Average Grant Date Fair Value

Non-vested options outstanding at August 31, 2021

 

218,333

$

4.04

Granted

 

105,000

$

5.16

Vested

 

(87,002)

$

4.21

Forfeited

 

(3,333)

$

4.21

Non-vested options outstanding at May 31, 2022

 

232,998

$

4.47

(a) All non-vested options are expected to vest.