Share-Based Compensation

9 Months Ended

Aug. 31, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

NOTE 5—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 the three and nine months ended August 31, 2019 and 2018, and the measurement-date fair value of those awards:

	Three Months Ended								Nine Months Ended
	August 31, 2019				August 31, 2018				August 31, 2019				August 31, 2018
	Shares awarded		Fair value of grants		Shares awarded		Fair value of grants		Shares awarded		Fair value of grants		Shares awarded		Fair value of grants
Stock options		—	$	—		—	$	—		17	$	500		38	$	1,050
Restricted stock awards		1		90		27		2,713		27		2,699		49		4,819
Restricted stock units		107		9,852		6		572		158		14,617		28		3,126
		108	$	9,942		33	$	3,285		202	$	17,816		115	$	8,995

The Company recorded share-based compensation expense in the Consolidated Statements of Operations for the three and nine months ended August 31, 2019 and 2018 as follows:

	Three Months Ended						Nine Months Ended
	August 31, 2019			August 31, 2018			August 31, 2019			August 31, 2018
Total share-based compensation (recorded in selling, general and administrative expenses)	$	6,461		$	5,810		$	19,616		$	16,590
Tax benefit recorded in the provision for income taxes		(1,653	)		(1,615	)		(5,146	)		(4,727	)
Effect on net income	$	4,808		$	4,195		$	14,470		$	11,863