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Note 13 - Share-Based Compensation
3 Months Ended
Aug. 31, 2013
Share-based Arrangements with Employees and Nonemployees [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

13.    SHARE-BASED COMPENSATION


The Company has granted nonvested restricted stock, stock options, and stock appreciation rights to key employees and directors under several stock award plans. The Company granted stock awards with an aggregate fair value of approximately $0.2 million and $0.6 million during the first three months ended August 31, 2013 and August 31, 2012, respectively. As of August 31, 2013, a total of 95,973 shares were available for future grants.


Stock based compensation is recognized on a straight-line basis over the requisite service period for restricted stock and stock option awards. The Company recognized expense of $0.4 million and $0.5 million in the three months ended August 31, 2013 and August 31, 2012, respectively, before income tax benefits, for all of the Company’s stock plans. As of August 31, 2013, there was $4.7 million of total unrecognized compensation cost related the Company’s stock plan.


As of August 31, 2013 there was no expense or liability recognized related to the stock appreciation rights granted as management has determined that a liquidity event (the performance condition) is not considered probable. The fair value of the liability relating to cash-settled stock appreciation rights was approximately $2.8 million as of August 31, 2013.