Shared-Based Compensation (Tables)
|
12 Months Ended |
Aug. 31, 2026 |
|---|
| Share-Based Payment Arrangement [Abstract] |
|
| Schedule of Share-Based Compensation Expense |
The following table summarizes share-based compensation expense for fiscal 2026, 2025, and 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the years ended August 31, |
|
($ in thousands) |
|
2026 |
|
|
2025 |
|
|
2024 |
|
Share-based compensation expense included in cost of
operating revenues |
|
$ |
180 |
|
|
$ |
169 |
|
|
$ |
183 |
|
|
|
|
|
|
|
|
|
|
|
Engineering and research |
|
|
159 |
|
|
|
214 |
|
|
|
190 |
|
Selling |
|
|
402 |
|
|
|
613 |
|
|
|
650 |
|
General and administrative |
|
|
5,085 |
|
|
|
7,240 |
|
|
|
5,473 |
|
Share-based compensation expense included in
operating expenses |
|
|
5,646 |
|
|
|
8,067 |
|
|
|
6,313 |
|
Total share-based compensation expense |
|
|
5,826 |
|
|
|
8,236 |
|
|
|
6,496 |
|
Tax benefit |
|
|
(882 |
) |
|
|
(1,699 |
) |
|
|
(1,527 |
) |
Share-based compensation expense, net of tax |
|
$ |
4,944 |
|
|
$ |
6,537 |
|
|
$ |
4,969 |
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Assumptions Used |
The table below shows the annual weighted average assumptions used for valuation purposes.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Grant year |
|
|
|
Fiscal 2026 |
|
|
Fiscal 2025 |
|
|
Fiscal 2024 |
|
Risk-free interest rate |
|
|
3.6 |
% |
|
|
4.1 |
% |
|
|
4.8 |
% |
Dividend yield |
|
|
1.3 |
% |
|
|
1.2 |
% |
|
|
1.2 |
% |
Expected life (years) |
|
|
5 |
|
|
|
5 |
|
|
|
5 |
|
Volatility |
|
|
32.7 |
% |
|
|
36.8 |
% |
|
|
37.8 |
% |
Weighted average grant-date fair value of options granted |
|
$ |
35.07 |
|
|
$ |
42.19 |
|
|
$ |
44.22 |
|
|
| Summary of Stock Option Activity |
The following table summarizes stock option activity for fiscal 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
stock options |
|
|
Average
exercise price |
|
|
Average
remaining
contractual
term (years) |
|
|
Aggregate
intrinsic value
(thousands) |
|
Stock options outstanding at August 31, 2025 |
|
|
167,172 |
|
|
$ |
122.04 |
|
|
|
6.8 |
|
|
$ |
3,113 |
|
Granted |
|
|
51,883 |
|
|
|
114.22 |
|
|
|
|
|
|
|
Exercised |
|
|
(7,324 |
) |
|
|
109.97 |
|
|
|
|
|
|
116 |
|
Forfeited/cancelled |
|
|
(17,438 |
) |
|
|
123.25 |
|
|
|
|
|
|
15 |
|
Stock options outstanding at August 31, 2026 |
|
|
194,293 |
|
|
$ |
120.30 |
|
|
|
6.5 |
|
|
$ |
771 |
|
Stock options exercisable at August 31, 2026 |
|
|
117,178 |
|
|
$ |
122.23 |
|
|
|
5.1 |
|
|
$ |
749 |
|
|
| Summary of Share Based Compensation Additional Information |
Additional information regarding stock option exercises is summarized in the table below.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the years ended August 31, |
|
($ in thousands, except fair value amounts) |
|
2026 |
|
|
2025 |
|
|
2024 |
|
Intrinsic value of stock options exercised |
|
$ |
116 |
|
|
$ |
958 |
|
|
$ |
217 |
|
Cash received from stock option exercises |
|
$ |
805 |
|
|
$ |
1,507 |
|
|
$ |
479 |
|
Tax benefit realized from stock option exercises |
|
$ |
27 |
|
|
$ |
225 |
|
|
$ |
18 |
|
Weighted average grant-date fair value of stock options vested |
|
$ |
33.94 |
|
|
$ |
28.05 |
|
|
$ |
27.14 |
|
|
| Summary of Restricted Stock Unit Activity |
The following table summarizes restricted stock unit activity for fiscal 2026:
|
|
|
|
|
|
|
|
|
|
|
Number of
restricted
stock units |
|
|
Weighted
average grant-
date fair value |
|
Restricted stock units outstanding at August 31, 2025 |
|
|
66,438 |
|
|
$ |
123.63 |
|
Granted |
|
|
41,478 |
|
|
|
113.22 |
|
Vested |
|
|
(26,812 |
) |
|
|
125.40 |
|
Forfeited / Cancelled |
|
|
(12,412 |
) |
|
|
112.80 |
|
Restricted stock units outstanding at August 31, 2026 |
|
|
68,692 |
|
|
$ |
118.46 |
|
|
| Schedule of Performance Stock Unit Activity |
The table below summarizes performance stock unit activity for fiscal 2026:
|
|
|
|
|
|
|
|
|
|
|
Number of
performance
stock units |
|
|
Weighted
average grant-
date fair value |
|
Performance stock units outstanding at August 31, 2025 |
|
|
62,973 |
|
|
$ |
144.89 |
|
Granted |
|
|
30,046 |
|
|
|
110.58 |
|
Vested |
|
|
(6,710 |
) |
|
|
152.36 |
|
Forfeited/cancelled |
|
|
(17,147 |
) |
|
|
152.59 |
|
Performance stock units outstanding at August 31, 2026 |
|
|
69,162 |
|
|
$ |
127.35 |
|
|
| Schedule of Assumptions Used to Estimate Fair Value of TSR Portion of Awards Granted |
The fair value of the TSR portion of the awards granted in fiscal 2026, 2025, and 2024 was estimated at the grant date using a Monte Carlo simulation model which included the following assumptions:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Grant year |
|
|
|
Fiscal 2026 |
|
|
Fiscal 2025 |
|
|
Fiscal 2024 |
|
Expected term (years) |
|
|
3 |
|
|
|
3 |
|
|
|
3 |
|
Risk-free interest rate |
|
|
3.5 |
% |
|
|
4.1 |
% |
|
|
4.9 |
% |
Volatility |
|
|
33.2 |
% |
|
|
35.2 |
% |
|
|
34.6 |
% |
Dividend yield |
|
|
1.3 |
% |
|
|
1.2 |
% |
|
|
1.2 |
% |
|