v3.26.1
Stock-Based Compensation (Tables)
 12 Months Ended
May 31, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Activity for Service-Based Restricted Common Shares

The table below sets forth the service-based restricted common shares activity under the Plans for fiscal 2026, fiscal 2025, and fiscal 2024. Stock-based compensation expense for these restricted common shares is recognized on a straight-line basis over their respective three-year service periods.

 

 

 

2026

 

 

2025

 

 

2024

 

(In thousands, except per common share amounts)

 

Restricted
Common
Shares

 

 

Weighted
Average
Grant
Date Fair
Value

 

 

Restricted
Common
Shares

 

 

Weighted
Average
Grant
Date Fair
Value

 

 

Restricted
Common
Shares

 

 

Weighted
Average
Grant
Date Fair
Value

 

Outstanding, beginning of year

 

 

1,184

 

 

$

24.30

 

 

 

1,069

 

 

$

19.03

 

 

 

-

 

 

 

 

Awards converted from the Former Parent Plan

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

957

 

 

$

22.20

 

Granted

 

 

249

 

 

 

31.78

 

 

 

406

 

 

 

34.95

 

 

 

170

 

 

 

29.18

 

Vested

 

 

(519

)

 

 

18.51

 

 

 

(264

)

 

 

19.13

 

 

 

(19

)

 

 

19.98

 

Forfeited

 

 

(19

)

 

 

30.71

 

 

 

(27

)

 

 

25.96

 

 

 

(39

)

 

 

19.06

 

Outstanding, end of year

 

 

895

 

 

$

29.60

 

 

 

1,184

 

 

$

24.30

 

 

 

1,069

 

 

$

19.03

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average remaining contractual life of outstanding restricted common shares (in years)

 

 

1.01

 

 

 

 

 

 

1.15

 

 

 

 

 

 

1.37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aggregate intrinsic value of outstanding restricted common shares

 

$

37,759

 

 

 

 

 

$

29,490

 

 

 

 

 

$

35,286

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aggregate intrinsic value of restricted common shares vested during the year

 

$

16,650

 

 

 

 

 

$

8,705

 

 

 

 

 

$

573

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax stock-based compensation for granted awards

 

$

7,923

 

 

 

 

 

$

14,180

 

 

 

 

 

$

4,955

 

 

 

 
Schedule of Assumptions Used to Determine Grant Date Fair Value of Market Based Restricted Common Shares The following assumptions were used to determine the grant date fair value and the derived service period for these restricted common shares:

 

Expected volatility

 

41.00

%

Risk-free interest rate

 

4.51

%

Actual TSR

 

14.00

%
The following assumptions were used to determine the grant date fair value and the derived service period for these restricted common shares:

 

Dividend yield

 

2.71

%

Expected volatility

 

41.50

%

Risk-free interest rate

 

0.32

%

 
Summary of Company's Performance Share Award Activity

The table below summarizes the Company’s performance share award activity under the Plans for fiscal 2026, fiscal 2025, and fiscal 2024:

 

 

2026

 

 

2025

 

 

2024

 

(In thousands, except per common share amounts)

Performance Shares

 

 

Weighted
Average
Grant
Date Fair
Value

 

 

Performance Shares

 

 

Weighted
Average
Grant
Date Fair
Value

 

 

Performance Shares

 

 

Weighted
Average
Grant
Date Fair
Value

 

Outstanding, beginning of year

 

176

 

 

$

26.58

 

 

 

130

 

 

$

20.72

 

 

 

-

 

 

 

 

Awards converted from the Former Parent Plan

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

133

 

 

$

22.20

 

Granted

 

123

 

 

 

32.03

 

 

 

100

 

 

 

29.50

 

 

 

30

 

 

 

30.55

 

Vested

 

(31

)

 

 

14.36

 

 

 

(54

)

 

 

17.96

 

 

 

(21

)

 

 

17.36

 

Forfeited

 

(5

)

 

 

14.36

 

 

 

-

 

 

 

-

 

 

 

(12

)

 

 

17.97

 

Outstanding, end of year

 

263

 

 

$

30.81

 

 

 

176

 

 

$

26.58

 

 

 

130

 

 

$

20.72

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average remaining contractual life of outstanding performance shares (in years)

 

1.27

 

 

 

 

 

 

1.25

 

 

 

 

 

 

1.30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aggregate intrinsic value of outstanding performance shares

$

11,107

 

 

 

 

 

$

4,391

 

 

 

 

 

$

4,291

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aggregate intrinsic value of performance shares vested during the year

$

974

 

 

 

 

 

$

1,730

 

 

 

 

 

$

696

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax stock-based compensation for granted awards

$

3,942

 

 

 

 

 

$

2,967

 

 

 

 

 

$

923