Share-Based Compensation

6 Months Ended

Feb. 28, 2015

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

The following details share-based compensation expense for the respective periods:



	Three Months Ended February 28,				Six Months Ended February 28,
($ in thousands)	2015		2014		2015		2014
Instructional and student advisory	$	2,905	$	3,280	$	5,887	$	6,813
Marketing	783		937		1,619		2,045
Admissions advisory	256		212		517		314
General and administrative	6,624		5,644		12,504		11,012
Restructuring and impairment charges	635		464		1,387		2,326
Share-based compensation expense	$	11,203	$	10,537	$	21,914	$	22,510

In accordance with our Amended and Restated 2000 Stock Incentive Plan, we granted 14,000 and 68,000 restricted stock units and performance share awards during the three and six months ended February 28, 2015, respectively. The granted awards had a weighted average grant date fair value per share of $32.00 and $30.06, respectively. As of February 28, 2015, we had $59.2 million and $3.2 million of 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 2.4 years.

We did not grant any stock options during the six months ended February 28, 2015. As of February 28, 2015, we had $6.9 million of 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 2.7 years.

- 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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