Rendering

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Network
130 - Disclosure - STOCK-BASED COMPENSATION (Tables)
(http://www.devryinc.com/role/StockbasedCompensationTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000730464 (http://www.sec.gov/CIK)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]Period [Axis]
2015-07-01 - 2016-06-30
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
 
Summary of options Activity
The following is a summary of options activity for the fiscal year ended June 30, 2016:
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
Weighted
 
Average
 
Aggregate
 
 
 
 
 
 
Average
 
Remaining
 
Intrinsic
 
 
 
Options
 
Exercise
 
Contractual
 
Value
 
 
 
Outstanding
 
Price
 
Life (in Years)
 
(in thousands)
 
Outstanding at July 1, 2015
 
 
3,148,087
 
$
34.86
 
 
 
 
 
 
 
Options Granted
 
 
683,025
 
 
22.83
 
 
 
 
 
 
 
Options Exercised
 
 
(23,304)
 
 
20.03
 
 
 
 
 
 
 
Options Forfeited
 
 
(125,209)
 
 
29.12
 
 
 
 
 
 
 
Options Expired
 
 
(108,263)
 
 
36.85
 
 
 
 
 
 
 
Outstanding at June 30, 2016
 
 
3,574,336
 
 
32.79
 
 
5.44
 
$
80
 
Exercisable at June 30, 2016
 
 
2,670,742
 
$
35.51
 
 
4.17
 
$
-
 
  
Summary of stock appreciation rights activity
The following is a summary of stock appreciation rights activity for the fiscal year ended June 30, 2016:
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
Stock
 
Weighted
 
Average
 
Aggregate
 
 
 
Appreciation
 
Average
 
Remaining
 
Intrinsic
 
 
 
Rights
 
Exercise
 
Contractual
 
Value
 
 
 
Outstanding
 
Price
 
Life (in Years)
 
(in thousands)
 
Outstanding at July 1, 2015
 
 
118,065
 
$
42.74
 
 
 
 
 
 
 
Rights Granted
 
 
-
 
 
-
 
 
 
 
 
 
 
Rights Exercised
 
 
-
 
 
-
 
 
 
 
 
 
 
Rights Canceled
 
 
-
 
 
-
 
 
 
 
 
 
 
Outstanding at June 30, 2016
 
 
118,065
 
 
42.74
 
 
1.40
 
$
-
 
Exercisable at June 30, 2016
 
 
118,065
 
$
42.74
 
 
1.40
 
$
-
 
  
Fair Values of Stock Option Awards Estimated Weighted Average Assumptions
The fair value of DeVry Group’s stock option grants were estimated assuming the following weighted average assumptions:
 
 
 
Fiscal Year
 
 
 
2016
 
 
2015
 
 
2014
 
Expected Life (in Years)
 
 
6.78
 
 
 
6.73
 
 
 
6.58
 
Expected Volatility
 
 
41.35
%
 
 
42.04
%
 
 
43.76
%
Risk-free Interest Rate
 
 
1.85
%
 
 
2.03
%
 
 
2.16
%
Dividend Yield
 
 
1.01
%
 
 
1.03
%
 
 
0.90
%
Pre-vesting Forfeiture Rate
 
 
3.00
%
 
 
3.00
%
 
 
3.00
%
  
Summary of Restricted Stock Units Activity
The following is a summary of RSUs activity for the year ended June 30, 2016:
 
 
 
 
 
 
Weighted
 
 
 
Restricted
 
Average
 
 
 
Stock Units
 
Grant Date
 
 
 
Outstanding
 
Fair Value
 
Nonvested at July 1, 2015
 
 
1,013,140
 
$
30.42
 
RSUs Granted
 
 
724,450
 
 
24.41
 
RSUs Vested
 
 
(432,456)
 
 
28.26
 
RSUs Forfeited
 
 
(165,784)
 
 
27.91
 
Nonvested at June 30, 2016
 
 
1,139,350
 
$
27.78
 
  
Total Stock-Based Compensation Expense Included in Consolidated Statement of Earnings
The following table shows total stock-based compensation expense included in the Consolidated Statements of Income (Loss) (in thousands):
 
 
 
For the Year Ended June 30,
 
 
 
2016
 
2015
 
2014
 
Cost of Educational Services
 
$
5,617
 
$
5,581
 
$
5,659
 
Student Services and Administrative Expense
 
 
16,751
 
 
11,859
 
 
12,026
 
 
 
 
22,368
 
 
17,440
 
 
17,685
 
Income Tax Benefit
 
 
(8,564)
 
 
(6,307)
 
 
(6,052)
 
Net Stock-Based Compensation Expense
 
$
13,804
 
$
11,133
 
$
11,633