Note 13 - Share-based Compensation

6 Months Ended

Nov. 30, 2016

Notes to Financial Statements

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

13. SHARE - BASED COMPENSATION

The Company has granted nonvested restricted stock,

and stock options to key employees and directors under its

2011

Equity Incentive Plan. The Company granted stock awards with an aggregate fair value of approximately

$0.1

million, and

$1.0

million during the

three

months and

six

months ended

November

30,

2016

and

$5.2

million and

$17.1

million during the

three

months and

six

months ended

November

30,

2015,

respectively. As of

November

30,

2016,

a total of

31,853

shares were available for future grants.

Restricted stock units typically vest over a

two

- year period

(50%

per year) and do not expire. Upon vesting, and in some cases certain other triggers, restricted stock units are settled in shares of IVD Holdings Inc.

’s common stock. Stock option awards are granted with service - based vesting conditions (“service - based options”), and performance - based or market - based vesting conditions (“performance - based options”). The service - based options contain tiered vesting terms over the service period. The performance - based options vest in tranches upon the achievement of certain performance or market objectives, which are measured over a

three

or

four

year period.

The Company recognized expense

of

$1.1

million and

$2.5

million in the

three

months and

six

months ended

November

30,

2016

and

$1.9

million and

$2.8

million in the

three

months and

six

months ended

November

30,

2015,

respectively, before income tax benefits, for all the Company’s stock awards. As of

November

30,

2016,

there was

$11.4

million of total unrecognized compensation cost related the Company’s stock plans that will be recognized over approximately

2.7

years.