v2.4.0.6
EQUITY COMPENSATION PLANS (Tables)
3 Months Ended
Aug. 31, 2012
Stock Option Activity

A summary of stock option activity during the three months ended August 31, 2012 follows:

 

     Shares     Weighted-Average
Exercise Price
 

Options outstanding at June 1, 2012

     1,543,000      $ 22.34   

Granted

     0        0.00   

Exercised

     (183,000     14.07   

Forfeited

     (4,000     27.44   
  

 

 

   

Options outstanding at August 31, 2012

     1,356,000        23.45   
Fair Value of Stock Options Granted, Estimated using Weighted-Average Assumptions

The fair value of stock options granted was estimated using the following weighted-average assumptions. No options were granted in FY-2013 to date.

 

     FY-13      FY-12  

Risk-free interest rate

     N/A         1.2

Expected dividend yield

     N/A         0

Expected stock price volatility

     N/A         36.4

Expected option life

     N/A         4.0 years