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Equity Compensation Plans (Tables)
9 Months Ended
Feb. 28, 2018
Stock Option Activity

A summary of stock option activity during the nine months ended February 28, 2018 follows:

 

            Weighted-  
            Average  
     Shares      Exercise Price  
     (in thousands)         

Options outstanding June 1, 2017

     2,708      $ 32.88  

Granted

     819        59.26  

Exercised

     (668      28.23  

Forfeited

     (144      37.31  
  

 

 

    

Options outstanding February 28, 2018

     2,715        41.75  
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:

 

     FY 2018   FY 2017

Risk-free interest rate

   1.6%   1.2%

Expected dividend yield

   0.0%   0.0%

Expected stock price volatility

   27.7%   35.2%

Expected option life

   4.0 years   4.0 years