Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS' EQUITY (Tables)

v3.21.1
SHAREHOLDERS' EQUITY (Tables)
 6 Months Ended
Feb. 28, 2021
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 six months ended February 28, 2021:

   
Number
of Options
    
Weighted Average
Exercise Price
    
Weighted Average
Remaining
Contractual Term
    
Approximate
Aggregate
Intrinsic Value
(in thousands)
  
Outstanding at August 31, 2020
    
661,500
    
$
7.23
      
6.17
    
$
1,831
  
Granted
    
115,000
    
$
9.00
                  
Exercised
    
(5,000
)
    
2.76
                  
Net settlement exercised
    
(24,500
)
  
$
3.07
                  
Outstanding at February 28, 2021
    
747,000
    
$
7.64
      
6.68
      
3,078
  
                                 
Options exercisable at February 28, 2021
    
528,667
    
$
6.78
      
5.61
      
2,634
  
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 of and for the six months ended February 28, 2021:

   
Number
of Options
    
Weighted Average
Grant Date
Fair Value
  
Non-vested options outstanding at August 31, 2020
    
179,999
    
$
4.31
  
Granted
    
115,000
    
$
3.78
  
Vested
    
(76,666
)
  
$
4.27
  
Forfeited (a)
    
—
    
$
—
  
Non-vested options outstanding at February 28, 2021
    
218,333
    
$
4.04
  

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