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Stock-Based Compensation

9 Months Ended

Feb. 26, 2022

Stock-Based Compensation [Abstract]

Stock-Based Compensation

Stock-Based Compensation

The following table summarizes the stock-based compensation expense and related income tax effect for the three and nine months ended:

			Three Months Ended												Nine Months Ended
(In millions)			February 26, 2022						February 27, 2021						February 26, 2022						February 27, 2021
Stock-based compensation expense			$	4.9					$	2.2					$	27.0					$	6.1
Related income tax effect			$	1.2					$	0.5					$	6.6					$	1.4

The increase in Stock-based compensation expense was driven in part by the addition of Knoll's equity-based compensation awards. This impact includes the accelerated stock-compensation award expense related to workforce reductions as part of the Knoll integration.

Certain of the Company's equity-based compensation awards contain provisions that allow for continued vesting into retirement. Stock-based awards are considered fully vested for expense attribution purposes when the employee's retention of the award is no longer contingent on providing subsequent service.

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- Definition

14. Stock-Based Compensation [Abstract]

+ References

No definition available.

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- Definition

The entire disclosure for share-based payment arrangement.

+ 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

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