SHARE-BASED COMPENSATION:

SHARE-BASED COMPENSATION:

The Company recognizes share-based compensation expense for all share-based awards made to employees and directors, including employee stock options, restricted stock awards, restricted stock units, performance-based restricted stock units and employee stock purchases, based on estimated fair values.

The following table summarizes the number of share-based awards granted under the Company’s 2013 Stock Incentive Plan, as amended, during each of the three months ended February 28, 2017 and February 29, 2016, and the grant-date fair value of the awards:



	Three Months Ended
	February 28, 2017			February 29, 2016
	Shares awarded	Fair value of grants		Shares awarded	Fair value of grants
Restricted stock awards	1	$	134	3	$	231
Restricted stock units	29	3,416		34	2,754
	30	$	3,550	37	$	2,985

The Company recorded share-based compensation expense in the Consolidated Statements of Operations for the three months ended February 28, 2017 and February 29, 2016 as follows:



	Three Months Ended
	February 28, 2017			February 29, 2016
Cost of revenue	$	3		$	114
Selling, general and administrative expenses	4,313			3,349
Total share-based compensation	4,316			3,463
Tax effect on share-based compensation	(1,456		)	(1,264		)
Net effect on net income	$	2,860		$	2,199

- 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.

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