Share-Based Compensation Plans

9 Months Ended

Jul. 31, 2017

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, 2016. The compensation expense and related income tax benefit recognized in our consolidated condensed financial statements for share-based awards were as follows:



Periods Ended July 31,	Three Months					Nine Months
(In millions)	2017			2016		2017		2016
Selling, general and administrative expense	$	7.7		$	6.4	$	24.9	$	19.2
Cost of sales	(0.1		)	0.7		1.9		1.8
Research and development expense	0.3			0.3		0.9		0.9
Total share-based compensation expense	$	7.9		$	7.4	$	27.7	$	21.9
Related income tax benefit	$	2.6		$	2.2	$	8.5	$	6.5

We capitalized share-based compensation expense as part of the cost of inventory in the amounts of $0.8 million and $2.8 million during the three and nine months ended July 31, 2017, respectively; and $0.7 million and $1.8 million during the three and nine months ended July 31, 2016, respectively. In the third quarter of fiscal 2017, there was an adjustment to cost of sales of $0.9 million to increase share-based compensation capitalized in inventory.

- 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.

+ References + Details