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Stockholder's Equity (Tables)

12 Months Ended

Jul. 31, 2015

The exercised stock options are summarized in the following table:



Period	Options Exercised	Exercise Price		Shares Net Settled for Exercise	Shares Withheld for Taxes(1)	Net Shares to Employee	Share Price for Withholding		Tax Withholding (in 000s)
FY 2013—Q2	73,228	$	8.89	18,127	17,461	37,640	$	35.91	$	627
FY 2014—Q1	14,000	16.43		7,241	2,519	4,240	31.77		80
FY 2015—Q1	201,333	19.59		124,621	35,416	41,296	31.65		1,121
FY 2015—Q3	139,690	20.27		76,021	20,656	43,013	37.27		770
FY 2015—Q4	200,000	12.02		66,602	52,158	81,240	36.08		1,882


(1)	Shares withheld for taxes are treated as a repurchase of shares for accounting purposes but do not count against the Company’s stock repurchase program.

The following table details stock-based payment compensation expense included in the company’s consolidated statements of income:



	Year Ended July 31,
(In thousands)	2015		2014		2013
General and administrative	$	15,938	$	19,489	$	17,238
Yard operations	2,216		2,610		2,319
Total stock-based payment compensation	$	18,154	$	22,099	$	19,557

A summary of the status of the Company’s non-vested shares and its activity during the year ended July 31, 2015 was as follows:



(In thousands, except per share amounts)	Number of Shares		Weighted Average Grant- date Fair Value
Non-vested shares at July 31, 2014	5,921		$	10.39
Grants of non-vested shares	2,891		10.18
Vested	(1,984	)	9.83
Forfeitures or expirations	(213	)	10.37
Non-vested shares at July 31, 2015	6,615		$	10.48

Stock option activity for the year ended July 31, 2015 was as follows:



(In thousands, except per share and term data)	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (In years)	Aggregate Intrinsic Value
Outstanding as of July 31, 2014	19,082		$	21.64	6.01	$	235,734
Grants of options	2,891		35.95
Exercises	(749	)	17.11
Forfeitures or expirations	(213	)	33.40
Outstanding as of July 31, 2015	21,011		$	23.65	5.78	$	261,339
Exercisable as of July 31, 2015	14,396		$	18.38	4.37	$	254,158
Vested and expected to vest as of July 31, 2015	20,542		$	23.39	5.72	$	260,845

The following table summarizes stock options outstanding and exercisable as of July 31, 2015:



(In thousands, except per share amount)	Options Outstanding				Options Exercisable
Range of Exercise Prices	Number	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price		Number	Weighted Average Exercise Price
$12.02–$17.20	10,484	3.61	$	15.42	10,464	$	15.42
$17.32–$21.05	2,122	4.90	19.83		1,942	19.76
$22.47–$35.45	2,503	8.95	32.29		594	25.21
$35.62–$37.22	5,902	8.61	35.99		1,396	35.71
	21,011	5.78	23.65		14,396	18.38