XML 32 R50.htm IDEA: XBRL DOCUMENT v3.2.0.727
Stock-Based Compensation (Details)
$ / shares in Units, $ in Millions
12 Months Ended
May. 31, 2015
USD ($)
item
$ / shares
shares
May. 31, 2014
USD ($)
$ / shares
shares
May. 31, 2013
USD ($)
$ / shares
shares
Share-Based Compensation      
Total number of shares granted since inception 11,149,000    
2013 Stock Plan      
Share-Based Compensation      
Shares available for future grant 2,180,000    
Stock options      
Share-Based Compensation      
Expiration term 10 years    
First number of equal annual increments in which stock options are exercisable | item 3    
First number of equal annual increments in which stock options are exercisable | item 4    
First number of equal annual increments in which stock options are exercisable | item 5    
Commencement period after the date of grant for annual increments of stock options becoming exercisable 1 year    
Granted (in shares) 0    
Weighted average fair value of stock options granted (in dollars per share) | $ / shares   $ 10.24 $ 4.85
Assumptions used in the Black-Scholes option pricing models to estimate the fair value of each stock option grant      
Risk-free interest rate   1.40% 0.60%
Expected volatility of common stock   49.10% 51.40%
Dividend yield   1.20% 2.30%
Expected option term in years   5 years 2 months 12 days 5 years 4 months 24 days
Shares      
Outstanding at beginning of year (in shares) 2,753,000 2,300,000 1,703,000
Granted (in shares)   1,033,015 972,180
Exercised (in shares) (793,000) (473,000) (124,000)
Cancelled (in shares) (103,000) (107,000) (251,000)
Outstanding at end of year (in shares) 1,857,000 2,753,000 2,300,000
Options exercisable at end of year (in shares) 627,000 1,019,000 1,089,000
Weighted Average Exercise Price      
Outstanding at beginning of year (in dollars per share) | $ / shares $ 19.59 $ 16.22 $ 17.96
Granted (in dollars per share) | $ / shares   25.43 12.95
Exercised (in dollars per share) | $ / shares 15.98 16.20 13.72
Cancelled (in dollars per share) | $ / shares 21.03 18.48 15.82
Outstanding at end of year (in dollars per share) | $ / shares 21.05 19.59 16.22
Options exercisable at end of year (in dollars per share) | $ / shares $ 21.78 $ 17.88 $ 17.73
Stock options, additional disclosures      
Total fair value of stock options vested | $ $ 3.1 $ 2.0 $ 3.6
Total intrinsic value of stock options exercised | $ 11.1 4.3 0.5
Aggregate intrinsic value of options outstanding | $ 16.0 15.2  
Tax benefit realized from stock options exercised | $ 2.4 1.0 0.0
Compensation expense | $ 2.9 3.8 3.5
Unearned compensation not yet recognized | $ $ 6.7    
Average remaining amortization period of unearned compensation 1 year 4 months 24 days    
Restricted stock      
Share-Based Compensation      
Granted (in shares) 331,000    
Stock options, additional disclosures      
Compensation expense | $ $ 4.9 $ 4.9 $ 7.6
Unearned compensation not yet recognized | $ $ 8.5    
Average remaining amortization period of unearned compensation 1 year 3 months 18 days    
Restricted stock | 2013 Stock Plan      
Share-Based Compensation      
Granted (in shares) 331,000    
Restricted stock | Minimum      
Share-Based Compensation      
Vesting period 1 year    
Restricted stock | Maximum      
Share-Based Compensation      
Vesting period 5 years    
Performance-based restricted stock | Minimum      
Share-Based Compensation      
Vesting period 3 years    
Performance-based restricted stock | Maximum      
Share-Based Compensation      
Vesting period 6 years    
Time-based restricted stock | Board of Directors      
Share-Based Compensation      
Granted (in shares) 45,000 45,000 48,333