SHARE-BASED COMPENSATION:
6 Months Ended
May 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-based compensation
SHARE-BASED COMPENSATION: 
The Company recognizes share-based compensation expense for all share-based awards made to employees and directors, including employee stock options, restricted stock awards, restricted stock units and employee stock purchases, based on estimated fair values.
The Company uses the Black-Scholes valuation model to estimate fair value of stock options. The Black-Scholes option-pricing model was developed for use in estimating the fair value of short-lived exchange traded options that have no vesting restrictions and are fully transferable. In addition, option-pricing models require the input of highly subjective assumptions, including the option’s expected life and the price volatility of the underlying stock. The expected stock price volatility assumption was determined using historical volatility of the Company’s common stock.
The following table summarizes the number of share-based awards granted under the Company’s Amended and Restated 2003 Stock Incentive Plan, as amended, during the three and six months ended May 31, 2013 and 2012 and the grant-date fair value of the awards:
 
Three Months Ended
 
Six Months Ended
 
May 31, 2013
 
May 31, 2012
 
May 31, 2013
 
May 31, 2012
 
Number of grants
 
Fair value of grants
 
Number of grants
 
Fair value of grants
 
Number of grants
 
Fair value of grants
 
Number of grants
 
Fair value of grants
Stock options
—

 
—

 
20
 
301

 
—

 
—

 
20
 
301

Restricted stock awards
36

 
1,275

 
32
 
1,196

 
38


1,329


36
 
1,350

Restricted stock units
8

 
268

 
46
 
1,964

 
106

 
3,736

 
46
 
1,964

 
44

 
$
1,543

 
98
 
$
3,461

 
144

 
$
5,065

 
102
 
$
3,615


The Company recorded share-based compensation expenses of $2,215 and $4,698 in "Selling, general and administrative expenses" for the three and six months ended May 31, 2013, respectively, and $2,216 and $4,225 for the three and six months ended May 31, 2012, respectively.