Rendering

Component: (Network and Table)
Network
2312301 - Disclosure - Stock-Based Compensation (Tables)
(http://www.brown-forman.com/role/StockBasedCompensationTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000014693 (http://www.sec.gov/CIK)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]Period [Axis]
2015-05-01 - 2016-04-30
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
 
Summary of stock options and SSARs granted under the plan
The following table presents information about stock options and stock-settled stock appreciation rights (SSARs) granted under the Plan (or its predecessor plans) as of April 30, 2016, and for the year then ended.
 
Number of
Underlying
Shares
(in thousands)
 
Weighted
Average
Exercise Price
per Award
 
Weighted
Average
Remaining
Contractual
Term (years)
 
Aggregate
Intrinsic Value
Outstanding at April 30, 2015
3,817

 
$
48.46

 
 
 
 
Granted
378

 
102.25

 
 
 
 
Exercised
(758
)
 
36.88

 
 
 
 
Forfeited or expired
(11
)
 
87.71

 
 
 
 
Outstanding at April 30, 2016
3,426

 
$
56.83

 
5.0
 
$
138

Exercisable at April 30, 2016
2,293

 
$
41.24

 
3.6
 
$
126

  
Assumptions used for fair value estimation
We estimated the fair values using the Black-Scholes pricing model with the following assumptions: 
 
2014
 
2015
 
2016
Risk-free interest rate
1.9
%
 
2.2
%
 
2.1
%
Expected volatility
22.5
%
 
22.3
%
 
19.1
%
Expected dividend yield
1.8
%
 
1.7
%
 
1.6
%
Expected term (years)
6.75

 
6.75

 
6.75

  
Summary of changes in outstanding RSUs and restricted stock
The following table summarizes the changes in the number of shares underlying these awards during 2016.
 
Number of
Underlying Shares
(in thousands)
 
Weighted
Average
Fair Value at
Grant Date
Nonvested at April 30, 2015
319

 
$
72.25

Granted
55

 
119.37

Adjusted for dividends or performance
(1
)
 
68.43

Vested
(98
)
 
62.59

Forfeited
(1
)
 
79.36

Nonvested at April 30, 2016
274

 
$
85.22