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Equity Compensation Plans (Tables)

6 Months Ended

Nov. 30, 2022

Summary of Stock Option Activity

A summary of stock option activity during the six months ended November 30, 2022 follows:

(options in thousands)		Shares				Weighted- Average Exercise Price
Options outstanding June 1, 2022			3,244			$	32.13
Granted			1,687				14.63
Exercised			(4	)			10.75
Forfeited/Expired			(592	)			29.75
Options outstanding November 30, 2022			4,335			$	25.66

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.

		FY 2023				FY 2022
Risk-free interest rate			3.3	%			0.4	%
Expected dividend yield			0.0	%			0.0	%
Expected stock price volatility			34.0	%			32.8	%
Expected option life			4.61 years				3.12 years

Schedule of Nonvested Restricted Stock Units Activity

A summary of RSU activity during the six months ended November 30, 2022 follows:

(RSUs in thousands)		Shares				Weighted- Average Fair Value
RSUs outstanding June 1, 2022			257			$	36.14
Granted			584				13.72
Released			(47	)			37.62
Forfeited/Cancelled			(5	)			37.63
RSUs outstanding November 30, 2022			789			$	19.46

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
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
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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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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-Name Accounting Standards Codification
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