Impact from program changes
McGraw-Hill Education
- 1Q: $9.7 million increase in stock-based compensation expense
- Includes one-time charge of $4.2 million from the elimination of the Company’s restoration stock option program
Financial Services
- 1Q: $8.9 million increase in stock-based compensation expense
- Includes one-time charge of $2.1 million from the elimination of the Company’s restoration stock option program