Stockholder's Equity (Tables)

12 Months Ended

Jul. 31, 2016

The exercised stock options, utilizing a cashless exercise, 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 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
FY 2016—Q4	1,130,000	18.64		410,648	293,152	426,200	51.30		15,039


(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)	2016		2015		2014
General and administrative	$	18,194	$	15,938	$	19,489
Yard operations	2,670		2,216		2,610
Total stock-based payment compensation	$	20,864	$	18,154	$	22,099

A summary of the status of the Company’s non-vested shares and its activity during the year ended July 31, 2016 was as follows:



(In thousands, except per share amounts)	Number of Shares		Weighted Average Grant- date Fair Value
Non-vested shares at July 31, 2015	6,615		$	10.48
Grants of non-vested shares	432		10.07
Vested	(2,074	)	10.12
Forfeitures or expirations	(162	)	8.63
Non-vested shares at July 31, 2016	4,811		$	10.66

Stock option activity for the year ended July 31, 2016 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, 2015	21,011		$	23.65	5.78	$	261,339
Grants of options	432		38.71
Exercises	(1,830	)	19.19
Forfeitures or expirations	(162	)	35.87
Outstanding as of July 31, 2016	19,451		$	24.30	4.96	$	508,401

Exercisable as of July 31, 2016	14,640		$	20.47	3.91	$	438,774

Vested and expected to vest as of July 31, 2016	19,121		$	24.10	4.90	$	503,601

The following table summarizes stock options outstanding and exercisable as of July 31, 2016:



(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
$13.08–$15.11	8,056	2.70	$	15.09	8,056	$	15.09
$16.38–$19.78	2,119	2.27	17.29		2,119	17.29
$20.56–$35.62	6,851	7.27	32.81		3,617	30.56
$35.72–$49.51	2,425	8.27	37.00		848	36.48
	19,451	4.96	24.30		14,640	20.47