The Company recognized compensation cost related to its stock-based compensation plans for the three months ended January 31, 2017 and 2016 as follows:

	Three Months Ended
	January 31,
(in thousands)		2017		2016
Omnibus Incentive Plans:
Stock options	$	5,702	$	5,139
Restricted shares		12,074		10,938
Phantom stock units		121		27
Employee Stock Purchase Plans		176		211
Employee Stock Purchase Incentive Plan		53		32
Atlanta Capital Plan		855		765
Parametric Plan		940		1,149
Parametric Phantom Incentive Plan		378		-
Total stock-based compensation expense	$	20,299	$	18,261

The total income tax benefit recognized for stock-based compensation arrangements was $7.3 million and $6.0 million for the three months ended January 31, 2017 and 2016, respectively.

Stock option transactions under the Company's 2013 Omnibus Incentive Plan (the 2013 Plan) and predecessor plans for the three months ended January 31, 2017 were as follows:

(share and intrinsic value figures in thousands)	Shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Options outstanding, beginning of period	20,311	$	33.52
Granted	2,842		34.84
Exercised	(1,020)		25.70
Forfeited/expired	(6)		39.33
Options outstanding, end of period	22,127	$	34.05	5.7	$	189,212
Options exercisable, end of period	12,772	$	32.65	3.7	$	133,269
Vested or expected to vest at January 31, 2017	22,051	$	34.04	5.7	$	188,725

The Company received $25.9 million and $5.1 million related to the exercise of options for the three months ended January 31, 2017 and 2016, respectively.

As of January 31, 2017, there was $60.0 million of compensation cost related to unvested stock options granted under the 2013 Plan and predecessor plans not yet recognized. That cost is expected to be recognized over a weighted-average period of 3.4 years.

A summary of the Company's restricted share activity for the three months ended January 31, 2017 under the 2013 Plan and predecessor plans is as follows:

		Weighted-
		Average
		Grant Date
(share figures in thousands)	Shares	Fair Value
Unvested, beginning of period	4,157	$	35.43
Granted	1,498		35.06
Vested	(1,076)		32.80
Forfeited	(22)		35.58
Unvested, end of period	4,557	$	35.93

As of January 31, 2017, there was $131.4 million of compensation cost related to unvested restricted shares granted under the 2013 Plan and predecessor plans not yet recognized. That cost is expected to be recognized over a weighted-average period of 3.4 years.

During the three months ended January 31, 2017, 10,160 phantom stock units were issued to non-employee Directors pursuant to the 2013 Plan. As of January 31, 2017, there was $0.5 million of compensation cost related to unvested phantom stock units granted under the 2013 Plan not yet recognized. That cost is expected to be recognized over a weighted-average period of 1.5 years.