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Share-Based Compensation
9 Months Ended
Aug. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Share-Based Compensation

NOTE 3—SHARE-BASED COMPENSATION:  

The Company recognizes share-based compensation expense for all share-based awards made to employees and directors, including employee stock options, restricted stock awards, restricted stock units, performance-based restricted stock units and employee stock purchases, based on estimated fair values.

The following table summarizes the number of share-based awards granted under the Company’s 2013 Stock Incentive Plan, as amended, during the three and nine months ended August 31, 2020 and 2019, and the measurement-date fair value of those awards:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

August 31, 2020

 

 

August 31, 2019

 

 

August 31, 2020

 

 

August 31, 2019

 

 

 

Shares

awarded

 

 

Fair value

of grants

 

 

Shares

awarded

 

 

Fair value

of grants

 

 

Shares

awarded

 

 

Fair value

of grants

 

 

Shares

awarded

 

 

Fair value

of grants

 

Stock options

 

 

 

 

$

 

 

 

 

 

$

 

 

 

 

 

$

 

 

 

17

 

 

$

500

 

Restricted stock awards

 

 

 

 

 

 

 

 

1

 

 

 

90

 

 

 

36

 

 

 

2,983

 

 

 

27

 

 

 

2,699

 

Restricted stock units

 

 

 

 

 

 

 

 

107

 

 

 

9,852

 

 

 

1

 

 

 

73

 

 

 

158

 

 

 

14,617

 

 

 

 

 

 

$

 

 

 

108

 

 

$

9,942

 

 

 

37

 

 

$

3,056

 

 

 

202

 

 

$

17,816

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Company recorded share-based compensation expense in the Consolidated Statements of Operations for the three and nine months ended August 31, 2020 and 2019 as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

August 31, 2020

 

 

August 31, 2019

 

 

August 31, 2020

 

 

August 31, 2019

 

Total share-based compensation (recorded in selling, general and

   administrative expenses)

 

$

8,925

 

 

$

6,461

 

 

$

25,251

 

 

$

19,616

 

Tax benefit recorded in the provision for income taxes

 

 

(2,211

)

 

 

(1,653

)

 

 

(6,271

)

 

 

(5,146

)

Effect on net income

 

$

6,714

 

 

$

4,808

 

 

$

18,980

 

 

$

14,470