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Equity Compensation Plans (Tables)
6 Months Ended
Nov. 30, 2018
Stock Option Activity

A summary of stock option activity during the six months ended November 30, 2018 follows:

 

     Shares      Weighted-
Average
Exercise Price
 

Options outstanding June 1, 2018

     2,497,124      $ 42.63  

Granted

     525,750        62.93  

Exercised

     (340,023      29.49  

Forfeited

     (91,620      45.87  
  

 

 

    

Options outstanding November 30, 2018

     2,591,231        48.40  
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 2019     FY 2018  

Risk-free interest rate

     2.6     1.6

Expected dividend yield

     0.0     0.0

Expected stock price volatility

     27.0     27.2

Expected option life

     3.5 years       4.0 years