XML 32 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Equity Compensation Plans (Tables)
3 Months Ended
Aug. 31, 2016
Stock Option Activity

A summary of stock option activity during the three months ended August 31, 2016 follows:

 

     Shares      Weighted-
Average
Exercise Price
 

Options outstanding at June 1, 2016

     2,081,000       $ 36.71   

Granted

     0         0   

Exercised

     (136,000      28.93   

Forfeited

     (3,000      39.14   
  

 

 

    

Options outstanding at August 31, 2016

     1,942,000         37.25   
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.

 

     FY2016  

Risk-free interest rate

     1.2

Expected dividend yield

     0

Expected stock price volatility

     33.3

Expected option life

     4.0 years