Share-Based Compensation

3 Months Ended

Nov. 30, 2012

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

Stock and Savings Plans

Share-Based Compensation

The table below details share-based compensation expense for the three months ended November 30, 2012 and 2011:

	Three Months Ended November 30,
($ in thousands)	2012		2011
Instructional and student advisory	$	7,588	$	7,422
Marketing	2,043		2,234
Admissions advisory	170		447
General and administrative	6,023		10,789
Restructuring and other charges	1,065		—
Share-based compensation expense	$	16,889	$	20,892

In accordance with our Apollo Group, Inc. Amended and Restated 2000 Stock Incentive Plan, we granted approximately 26,000 stock options during the three months ended November 30, 2012. The weighted average grant date fair value and weighted average exercise price of these options was $7.77 and $19.62, respectively. As of November 30, 2012, there was approximately $11.8 million of total unrecognized share-based compensation cost, net of forfeitures, related to unvested stock options. These costs are expected to be recognized over a weighted average period of 2.0 years.

In accordance with our Apollo Group, Inc. Amended and Restated 2000 Stock Incentive Plan, we granted approximately 76,000 restricted stock units and performance share awards with a weighted average grant date fair value of $21.05 during the three months ended November 30, 2012. As of November 30, 2012, there was approximately $82.5 million and $5.8 million of total unrecognized share-based compensation cost, net of forfeitures, related to unvested restricted stock units and performance share awards, respectively. These costs are expected to be recognized over a weighted average period of 2.3 years.