Annual report pursuant to Section 13 and 15(d)

Stock-Based Employee Compensation (Tables)

v2.4.0.6
Stock-Based Employee Compensation (Tables)
 12 Months Ended
Feb. 29, 2012
Stock-Based Employee Compensation [Abstract]  
Total compensation cost and income tax benefits recognized
                         
    For the Years Ended  
    February 29,
2012 		    February 28,
2011 		    February 28,
2010 		 
(in millions)                  

Total compensation cost for stock-based awards recognized in the Consolidated Statements of Operations

   $ 47.6     $ 48.2     $ 56.3  
   

 

 

    

 

 

    

 

 

  

Total income tax benefit recognized in the Consolidated Statements of Operations for stock-based compensation

   $ 16.3     $ 18.7     $ 18.1  
   

 

 

    

 

 

    

 

 

  

Total compensation cost for stock-based awards capitalized in inventory in the Consolidated Balance Sheets

   $ 3.7     $ 3.9     $ 5.1  
   

 

 

    

 

 

    

 

 

  
Stock option activity
                                 
    Number
of
Options
Outstanding 		    Weighted
Average
Exercise
Price 		    Number
of
Options
Exercisable 		    Weighted
Average
Exercise
Price 		 

Balance, February 28, 2009

     34,095,963     $ 19.39       17,499,016     $ 17.99  
                   

 

 

          

Granted

     7,632,249     $ 11.87                  

Exercised

     (1,453,431 )    $ 8.43                  

Forfeited

     (2,683,940 )    $ 18.51                  

Expired

     (2,744,746 )    $ 22.12                  
   

 

 

                          

Balance, February 28, 2010

     34,846,095     $ 18.05       19,277,958     $ 18.95  
                   

 

 

          

Granted

     3,340,413     $ 16.69                  

Exercised

     (5,100,677 )    $ 12.22                  

Forfeited

     (1,331,443 )    $ 17.42                  

Expired

     (1,910,783 )    $ 22.54                  
   

 

 

                          

Balance, February 28, 2011

     29,843,605     $ 18.63       18,148,632     $ 20.31  
                   

 

 

          

Granted

     2,745,309     $ 20.62                  

Exercised

     (3,438,706 )    $ 14.75                  

Forfeited

     (550,203 )    $ 16.91                  

Expired

     (1,668,708 )    $ 24.03                  
   

 

 

                          

Balance, February 29, 2012

     26,931,297     $ 19.03       18,198,577     $ 20.18  
   

 

 

            

 

 

          
Restricted stock activity
                         
    Restricted Stock Awards  
    Number of
Restricted
Stock Awards
Outstanding 		    Weighted
Average
Grant-Date
Price 		    Fair
Value of
Shares
Vested 		 

Nonvested balance, February 28, 2009

     460,036     $ 19.25          

Granted

     1,365,460     $ 12.35          

Vested

     (180,641 )    $ 18.06     $ 2,336,708  

Forfeited

     (136,497 )    $ 13.89          
   

 

 

                  

Nonvested balance, February 28, 2010

     1,508,358     $ 13.63          

Granted

     739,388     $ 16.67          

Vested

     (399,566 )    $ 13.79     $ 7,302,455  

Forfeited

     (37,864 )    $ 14.23          
   

 

 

                  

Nonvested balance, February 28, 2011

     1,810,316     $ 14.83          

Granted

     622,092     $ 20.63          

Vested

     (529,118 )    $ 14.87     $ 11,826,372  

Forfeited

     (105,402 )    $ 16.56          
   

 

 

                  

Nonvested balance, February 29, 2012

     1,797,888     $ 16.72          
   

 

 

                  

 

                         
    Restricted Stock Units  
    Number of
Restricted
Stock Units
Outstanding 		    Weighted
Average
Grant-Date
Price 		    Fair
Value of
Shares
Vested 		 

Nonvested balance, February 28, 2009

     152,300     $ 20.05          

Granted

     368,966     $ 12.89          

Vested

     (38,255 )    $ 20.01     $ 444,870  

Forfeited

     (100,165 )    $ 15.69          
   

 

 

                  

Nonvested balance, February 28, 2010

     382,846     $ 14.29          

Granted

     125,349     $ 16.35          

Vested

     (77,408 )    $ 14.12     $ 1,414,244  

Forfeited

     (211,289 )    $ 14.60          
   

 

 

                  

Nonvested balance, February 28, 2011

     219,498     $ 15.23          

Granted

     80,970     $ 20.60          

Vested

     (60,928 )    $ 15.43     $ 1,364,178  

Forfeited

     (36,458 )    $ 16.93          
   

 

 

                  

Nonvested balance, February 29, 2012

     203,082     $ 17.01          
   

 

 

                  

 

                         
    Performance Stock Units  
    Number of
Performance
Stock Units
Outstanding 		    Weighted
Average
Grant-Date
Price 		    Fair
Value of
Shares
Vested 		 

Nonvested balance, February 28, 2010

     —       $ —            

Granted

     407,750     $ 16.67          

Vested

     —       $ —       $ —    

Forfeited

     (3,340 )    $ 16.67          
   

 

 

                  

Nonvested balance, February 28, 2011

     404,410     $ 16.67          

Granted

     319,880     $ 20.60          

Vested

     (202,205 )    $ 16.67     $ 4,527,370  

Forfeited

     (33,875 )    $ 18.93          
   

 

 

                  

Nonvested balance, February 29, 2012

     488,210     $ 19.09          
   

 

 

                  
Stock options outstanding
                                 

Range of Exercise Prices

   Number
of
Options 		    Weighted
Average
Remaining
Contractual
Life 		    Weighted
Average
Exercise
Price 		    Aggregate
Intrinsic
Value 		 

$11.70 – $15.35

     5,687,571       6.1 years     $ 11.90          

$15.51 – $19.12

     8,485,037       6.2 years     $ 17.89          

$20.05 – $22.99

     6,964,924       6.6 years     $ 20.80          

$23.02 – $26.24

     4,296,356       4.3 years     $ 24.96          

$27.24 – $30.52

     1,497,409       3.1 years     $ 27.40          
   

 

 

                          

Options outstanding

     26,931,297       5.8 years     $ 19.03     $ 97,479,088  
   

 

 

                    

 

 

  

Options exercisable

     18,198,577       4.9 years     $ 20.18     $ 52,093,296  
   

 

 

                    

 

 

  
Other information, Stock options
                         
    For the Years Ended  
    February 29,
2012 		    February 28,
2011 		    February 28,
2010 		 

Weighted average grant-date fair value of stock options granted

   $ 7.41     $ 6.19     $ 4.19  

Total fair value of stock options vested

   $ 31,140,184     $ 37,360,244     $ 41,841,484  

Total intrinsic value of stock options exercised

   $ 23,139,194     $ 33,134,478     $ 7,016,315  

Tax benefit realized from stock options exercised

   $ 10,835,473     $ 7,810,198     $ 2,619,418  
Fair value of options, weighted average valuation assumptions
                         
    For the Years Ended  
    February 29,
2012 		    February 28,
2011 		    February 28,
2010 		 

Expected life

     5.9 years       5.9 years       5.9 years  

Expected volatility

     32.0 %      32.2 %      31.7 % 

Risk-free interest rate

     2.7 %      3.2 %      2.6 % 

Expected dividend yield

     0.0 %      0.0 %      0.0 % 
                         
    For the Years Ended  
    February 29,
2012 		    February 28,
2011 		    February 28,
2010 		 

Expected life

     0.5 years       0.5 years       0.5 years  

Expected volatility

     30.6 %      25.8 %      32.4 % 

Risk-free interest rate

     0.2 %      0.2 %      0.2 % 

Expected dividend yield

     0.0 %      0.0 %      0.0 %