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Equity Compensation Plans (Tables)

3 Months Ended

Aug. 31, 2022

Summary of Stock Option Activity

A summary of stock option activity during the three months ended August 31, 2022 follows:

(Options in thousands)		Shares				Weighted- Average Exercise Price
Options outstanding June 1, 2022			3,244			$	32.13
Granted			—				—
Exercised			(4	)			10.75
Forfeited			(110	)			26.94
Options outstanding August 31, 2022			3,130			$	32.32

Summary of 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. No options were granted in the first quarter of fiscal year 2023.

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

Schedule of Nonvested Restricted Stock Units Activity

A summary of RSU activity during the three months ended August 31, 2022 follows:

(Options in thousands)		Shares				Weighted- Average Fair Value
RSUs outstanding June 1, 2022			257			$	36.14
Granted			—				—
Released			—				—
Forfeited			(4	)			37.60
RSUs outstanding August 31, 2022			253			$	36.12

X

- Definition

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

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
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- Definition

Tabular disclosure of the total intrinsic value of options exercised (or share units converted), share-based liabilities paid, and the total fair value of shares vested during the year.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
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- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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