Share-Based Compensation Plans

6 Months Ended

Apr. 30, 2015

Cooper has several share-based compensation plans that are described in the Company’s Annual Report on Form 10‑K for the fiscal year ended October 31, 2014. The compensation expense and related income tax benefit recognized in our consolidated condensed financial statements for share-based awards were as follows:



Periods Ended April 30,	Three Months				Six Months
(In millions)	2015		2014		2015		2014
Selling, general and administrative expense	$	6.2	$	6.4	$	15.9	$	19.8
Cost of sales	0.6		0.5		1.4		1.3
Research and development expense	0.2		0.4		0.4		1.0
Total share-based compensation expense	$	7.0	$	7.3	$	17.7	$	22.1
Related income tax benefit	$	2.2	$	2.3	$	5.6	$	7.3

We capitalized share-based compensation expense as part of the cost of inventory in the amounts of $0.6 million and $1.4 million during the three and six months ended April 30, 2015, respectively, and $0.5 million and $1.3 million during the three and six months ended April 30, 2014, respectively.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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