XML 14 R16.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Stock-based Payment Compensation | 6 Months Ended
--- | ---
Jan. 31, 2020
Share-based Payment Arrangement [Abstract] |
Stock-based Payment Compensation | NOTE 9 – Stock-based Compensation The Company recognizes compensation expense for stock option awards on a straight-line basis over the requisite service period of the award. The following is a summary of activity for the Company’s stock options for the six months ended January 31, 2020:
(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, 2019 |  | 14,552 |  |  | $ | 26.29 |  |  | 6.04 |  | $ | 745,592 |
Grants of options |  | 150 |  |  | 88.58 |  |  |  |  |
Exercises |  | (5,852 | ) |  | 17.74 |  |  |  |  |
Forfeitures or expirations |  | (3 | ) |  | 17.69 |  |  |  |  |
Outstanding as of January 31, 2020 |  | 8,847 |  |  | $ | 33.01 |  |  | 6.56 |  | $ | 605,592 |
Exercisable as of January 31, 2020 |  | 5,315 |  |  | $ | 23.53 |  |  | 5.53 |  | $ | 414,187 |
The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company’s common stock. The number of options that were in-the-money was 8,846,693 at January 31, 2020. The Company recognizes compensation expense for restricted stock awards on a straight-line basis over the requisite service period of the award. The following is a summary of activity for the Company’s restricted stock for the six months ended January 31, 2020:
(In thousands, except per share data) |  | Restricted Shares |  | Weighted Average Grant Date Fair Value
Outstanding as of July 31, 2019 |  | 134 |  |  | $ | 56.62 |
Grants of restricted stock |  | 69 |  |  | 82.33 |
Vested restricted stock |  | (3 | ) |  | 47.18 |
Forfeited restricted stock |  | (2 | ) |  | 63.07 |
Outstanding as of January 31, 2020 |  | 198 |  |  | $ | 65.58 |
The table below sets forth the stock-based compensation recognized by the Company for stock options and restricted stock awards:
|  | Three Months Ended January 31, |  | Six Months Ended January 31,
(In thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
General and administrative |  | $ | 4,704 |  |  | $ | 4,691 |  |  | $ | 9,145 |  |  | $ | 9,680 |
Yard operations |  | 1,437 |  |  | 1,238 |  |  | 2,529 |  |  | 2,270 |
Total stock-based compensation |  | $ | 6,141 |  |  | $ | 5,929 |  |  | $ | 11,674 |  |  | $ | 11,950 |
In accordance with ASC 718, Compensation – Stock Compensation, the Company made an estimate of expected forfeitures and recognized compensation cost only for those equity awards expected to vest.

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration