Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE STOCK PLANS (Tables)

v3.23.2
EMPLOYEE STOCK PLANS (Tables)
9 Months Ended
May 31, 2023
EMPLOYEE STOCK PLANS.  
Stock Option Activity

The following table summarizes the combined stock option activity for the 2004 Incentive Plan and 2014 Equity Plan for the periods noted:

    

Number of Options

    

Weighted Average Exercise Price

    

Weighted Average Remaining Contractual Term

    

Approximate Aggregate Intrinsic Value
(in thousands)

Outstanding at August 31, 2022

712,500

$

8.75

5.7

$

1,489

Granted

 

$

Exercised

 

$

Forfeited / Expired

$

Outstanding at May 31, 2023

 

712,500

$

8.75

5.0

$

1,226

Options exercisable at May 31, 2023

 

581,500

$

8.17

4.4

$

1,182

Outstanding at August 31, 2021

 

714,500

$

7.80

6.1

$

5,107

Granted

 

105,000

$

13.37

Net settlement exercised

 

(103,667)

$

6.87

Forfeited / Expired

(3,333)

$

10.45

Outstanding at May 31, 2022

 

712,500

$

8.75

6.3

$

2,032

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 for the periods presented:

    

Number of Options

    

Weighted Average Grant Date Fair Value

Non-vested options outstanding at August 31, 2022

232,998

$

4.47

Granted

 

$

Vested

 

(101,998)

$

4.40

Forfeited

 

$

Non-vested options outstanding at May 31, 2023

 

131,000

$

4.54

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