XML 37 R26.htm IDEA: XBRL DOCUMENT v3.3.1.900
SHARE-BASED AWARDS AND OPTIONS (Tables)
9 Months Ended
Feb. 29, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of compensation cost for share-based payment arrangements, allocation of share-based compensation costs by plan
The following table summarizes share-based compensation expense and the related income tax benefit recognized for our share-based awards and stock options (in thousands):
 
Three Months Ended
 
Nine Months Ended
 
February 29, 2016
 
February 28, 2015
 
February 29, 2016
 
February 28, 2015
 
 
 
 
 
 
 
 
Share-based compensation expense
$
7,000

 
$
5,682

 
$
20,472

 
$
14,827

Income tax benefit
$
2,191

 
$
1,945

 
$
6,828

 
$
4,769

Schedule of changes in non-vested restricted stock awards activity
The following table summarizes the changes in unvested share-based awards for the nine months ended February 29, 2016 (shares in thousands):
 
 
Shares
 
Weighted-Average
Grant-Date
Fair Value
 
 
 
 
 
Unvested at May 31, 2015
 
1,848

 
$
29

Granted
 
450

 
57

Vested
 
(623
)
 
27

Forfeited
 
(51
)
 
34

Unvested at February 29, 2016
 
1,624

 
$
37

Schedule of share-based compensation, stock options, activity
The following is a summary of our stock option activity as of and for the nine months ended February 29, 2016: 
 
 
Options
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Term
 
Aggregate Intrinsic Value
 
 
(in thousands)
 
 
 
(in years)
 
(in millions)
Outstanding at May 31, 2015
 
894

 
$
26

 
5.2
 
$
23.9

Granted
 
145

 
56

 
 
 
 
Forfeited
 
(6
)
 
16

 
 
 
 
Exercised
 
(138
)
 
23

 
 
 
 
Outstanding at February 29, 2016
 
895

 
$
31

 
5.6
 
$
27.3

 
 
 
 
 
 
 
 
 
Options vested and exercisable at February 29, 2016
 
575

 
$
23

 
3.8
 
$
22.0

Schedule of share-based payment award, stock options, valuation assumptions
Fair value was estimated on the date of grant using the Black-Scholes valuation model with the following weighted-average assumptions:
 
Nine Months Ended
 
February 29, 2016
 
February 28, 2015
Risk-free interest rate
1.62%
 
1.57%
Expected volatility
28.65%
 
23.65%
Dividend yield
0.10%
 
0.13%
Expected life (years)
5
 
5