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Share-Based Compensation Plans | 6 Months Ended
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Apr. 30, 2019
Share-based Compensation [Abstract] |
Share-Based Compensation Plans | Share-Based Compensation Plans Cooper has several share-based compensation plans that are described in the Company’s Annual Report on Form 10‑K for the fiscal year ended October 31, 2018. The compensation expense and related income tax benefit recognized in our consolidated condensed financial statements for share-based awards were as follows:
Periods Ended April 30, | Three Months |  | Six Months
(In millions) | 2019 |  | 2018 |  | 2019 |  | 2018
Selling, general and administrative expense | $ | 6.1 |  |  | $ | 12.8 |  |  | $ | 15.3 |  |  | $ | 23.6 |
Cost of sales | 1.4 |  |  | 0.3 |  |  | 2.9 |  |  | 1.6 |
Research and development expense | 0.9 |  |  | 0.5 |  |  | 1.9 |  |  | 1.1 |
Total share-based compensation expense | $ | 8.4 |  |  | $ | 13.6 |  |  | $ | 20.1 |  |  | $ | 26.3 |
Related income tax benefit | $ | 1.1 |  |  | $ | 3.1 |  |  | $ | 2.9 |  |  | $ | 5.6 |
Employee Stock Purchase Plan On March 18, 2019, the Company received stockholder approval of the Employee Stock Purchase Plan (“ESPP”). The first offering period is for U.S. employees and is expected to begin on November 4, 2019. The purpose of the ESPP is to provide eligible employees of the Company with the opportunity to acquire shares of common stock at 85% of the market price on the last business day of each offering period by means of accumulated payroll deductions. Payroll deductions will be limited to maximum of 15% of the employee’s eligible compensation, not to exceed $21,250 in any one calendar year. The ESPP would initially authorize the issuance of 1,000,000 shares of common stock. These shares will be made available from shares of common stock reacquired by the Company as Treasury Stock. At April 30, 2019, there were approximately 3.6 million Treasury shares.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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