Stock Based Compensation Plans
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Apr. 30, 2014
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Stock Based Compensation Plans Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-Based Compensation Plans | 12. Stock-Based Compensation Plans
The Company recognized total cost related to its stock-based compensation plans as follows:
The total income tax benefit recognized for stock-based compensation arrangements was $4.6 million and $5.0 million for the three months ended April 30, 2014 and 2013, respectively, and $9.9 million and $10.5 million for the six months ended April 30, 2014 and 2013, respectively.
Stock Options
Stock option transactions under the Company's Omnibus Incentive Plans for the six months ended April 30, 2014 are summarized in the table below.
The Company received $28.0 million and $83.5 million related to the exercise of options for the six months ended April 30, 2014 and 2013, respectively.
As of April 30, 2014, there was $42.1 million of compensation cost related to unvested stock options granted not yet recognized. That cost is expected to be recognized over a weighted-average period of 2.3 years. Restricted Shares
The restricted share activity for the six months ended April 30, 2014 under the Company's Omnibus Incentive Plans is summarized in the following table:
As of April 30, 2014, there was $96.8 million of compensation cost related to unvested awards not yet recognized. That cost is expected to be recognized over a weighted-average period of 3.2 years. Phantom Stock Units
In the six months ended April 30, 2014 6,145 phantom stock units were issued to non-employee Directors pursuant to the Company's 2013 Omnibus Incentive Plan. As of April 30, 2014, there was $0.2 million of compensation cost related to unvested awards not yet recognized. That cost is expected to be recognized over a weighted-average period of 1.2 years. |