Share-Based Compensation

3 Months Ended

Nov. 30, 2013

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

Stock and Savings Plans

Share-Based Compensation

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

	Three Months Ended November 30,
($ in thousands)	2013		2012
Instructional and student advisory	$	3,533	$	7,588
Marketing	1,108		2,043
Admissions advisory	102		170
General and administrative	5,368		6,023
Restructuring and other charges	1,862		1,065
Share-based compensation expense	$	11,973	$	16,889

In accordance with our Apollo Education Group, Inc. Amended and Restated 2000 Stock Incentive Plan, we granted 65,000 restricted stock units and performance share awards during the three months ended November 30, 2013. The granted awards had a weighted average grant date fair value of $26.63. As of November 30, 2013, there was $65.6 million and $2.8 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 2.7 years.

We did not grant any stock options during the three months ended November 30, 2013. As of November 30, 2013, there was $7.7 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 1.9 years.