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 stock incentive plans during the three months ended February 28, 2025.

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, 2024

482

Exercised

(58)

Balances as of February 28, 2025

424

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, 2024												1,252
Granted												66
Vested												(111)
Attainment adjustments(1)												(12)
Cancelled												(25)
Non-vested as of February 28, 2025												1,170

(1) During the three months ended February 28, 2025, the attainment on PRSUs vested was adjusted to reflect actual performance.

The Company recorded $21.9 million and $17.5 million of share-based compensation expense during the three months ended February 28, 2025 and February 29, 2024, respectively within "Selling, general and administrative expenses" in the Consolidated Statements of Operations for stock incentive plans.