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Equity Compensation Plans (Tables)

6 Months Ended

Nov. 30, 2021

Stock Option Activity

A summary of stock option activity during the six months ended November 30, 2021 follows:

						Weighted-
						Average
(Options in thousands)		Shares				Exercise Price
Options outstanding June 1, 2021			2,957			$	30.38
Granted			392				40.93
Exercised			(262	)			22.42
Forfeited			(21	)			31.11
Options outstanding November 30, 2021			3,066			$	32.40

Fair Value of Stock Options Granted Estimated Weighted-Average Assumptions

The fair value of stock options granted was estimated using the following weighted-average assumptions.

		FY 2022				FY 2021
Risk-free interest rate			0.4	%			0.2	%
Expected dividend yield			0.0	%			0.0	%
Expected stock price volatility			32.8	%			31.3	%
Expected option life			3.12 years				3.25 years

Restricted Stock Units (RSUs) [Member]

Schedule of Nonvested Restricted Stock Units Activity

On November 30, 2021 there was $6,501,000 in unamortized compensation cost related to non-vested RSUs.

						Weighted-
						Average
(Options in thousands)		Shares				Fair Value
RSUs outstanding June 1, 2021			121			$	34.21
Granted			120				40.92
Released			(25	)			34.24
Forfeited			(3	)			34.49
RSUs outstanding November 30, 2021			213			$	37.97

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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