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Share-Based Compensation | 6 Months Ended
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May 31, 2024
Share-Based Payment Arrangement [Abstract] |
SHARE-BASED COMPENSATION | SHARE-BASED COMPENSATION: Overview of TD SYNNEX Stock Incentive Plans The Company recognizes share-based compensation expense for all share-based awards made to employees and outside directors, including employee stock options, restricted stock awards ("RSAs"), restricted stock units ("RSUs"), performance-based RSUs ("PRSUs") and employee stock purchase rights, based on estimated fair values. The following tables summarize the Company's share-based awards activity for TD SYNNEX stock incentive plans during the six months ended May 31, 2024. A summary of the changes in the Company's stock options is set forth below:
(shares in thousands) |  | Stock options |  |  |  |
Balances as of November 30, 2023 |  | 594 |  |  |  |  |
Exercised |  | (74) |  |  |  |  |
Balances as of May 31, 2024 |  | 520 |  |  |  |  |
A summary of the changes in the Company's non-vested RSAs and RSUs is presented below:
(shares in thousands) |  |  |  | RSAs and RSUs
Non-vested as of November 30, 2023 |  |  |  | 1,307 |
Granted |  |  |  | 193 |
Vested |  |  |  | (184) |
Attainment adjustments(1) |  |  |  | (12) |
Cancelled |  |  |  | (35) |
Non-vested as of May 31, 2024 |  |  |  | 1,269 |
__________________ (1) During the six months ended May 31, 2024, the attainment on PRSUs vested was adjusted to reflect actual performance. A summary of share-based compensation expense in the Consolidated Statements of Operations for TD SYNNEX stock incentive plans is presented below:
| Three Months Ended |  | Six Months Ended
| May 31, 2024 |  | May 31, 2023 |  | May 31, 2024 |  | May 31, 2023
| (currency in thousands)
Selling, general and administrative expenses | $ | 13,430 |  |  | $ | 7,648 |  |  | $ | 30,920 |  |  | $ | 20,722 |
Acquisition, integration and restructuring costs | — |  |  | 1,486 |  |  | — |  |  | 2,978 |
Total share-based compensation expense | $ | 13,430 |  |  | $ | 9,134 |  |  | $ | 30,920 |  |  | $ | 23,700 |
Tech Data Equity Awards Prior to the Merger, certain of Tech Data’s employees were granted performance-based equity awards in Tiger Parent Holdings L.P., a partnership entity that was the parent company of Tiger Parent (AP) Corporation and Tech Data, that were unvested at the time of the closing of the Merger. Upon closing of the Merger, the unvested performance-based equity awards were converted into restricted shares of TD SYNNEX that vested over two years. The restricted shares had a fair value of $127.60 per share upon closing of the Merger which was recorded as share-based compensation expense on a straight-line basis over the vesting period in “Acquisition, integration, and restructuring costs” in the Consolidated Statement of Operations. Vesting of the restricted shares was completed as of September 1, 2023, therefore there was no related share-based compensation expense recorded by the Company during the three or six months ended May 31, 2024. The Company recorded $9.5 million and $19.6 million of share-based compensation expense related to these restricted shares in “Acquisition, integration, and restructuring costs” during the three and six months ended May 31, 2023, respectively.

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