Abercrombie & Fitch 2008 Annual Report Download - page 70

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Table of Contents
ABERCROMBIE & FITCH CO.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
As of January 31, 2009, there was $12.6 million of total unrecognized compensation cost, net of
estimated forfeitures, related to stock appreciation rights. The unrecognized cost is expected to be
recognized over a weighted-average period of 3.0 years.
Restricted Stock Unit and Restricted Share Activity
A summary of the status of the Company’s restricted stock units and restricted shares as of
January 31, 2009 and changes during the fifty-two week period ended January 31, 2009 is as follows:
Weighted-Average
Grant Date Fair
Restricted Stock Units and Restricted Shares Number of Shares Value
Non-vested at February 2, 2008 2,354,871 $ 48.02
Granted 734,369 $ 69.89
Vested (1,397,425) $ 39.25
Forfeited (193,460) $ 69.24
Non-vested at January 31, 2009 1,498,355 $ 64.18
The total fair value of restricted stock units granted during the fifty-two week periods ended
January 31, 2009 and February 2, 2008 and the fifty-three week period ended February 3, 2007 was
$51.3 million, $53.9 million and $35.5 million, respectively.
The total fair value of restricted stock units and restricted shares vested during the fifty-two week
periods ended January 31, 2009 and February 2, 2008 and the fifty-three week period ended February 3,
2007 was $54.8 million, $14.2 million and $8.6 million, respectively.
As of January 31, 2009, there was $67.4 million of total unrecognized compensation cost, net of
estimated forfeitures, related to non-vested restricted stock units. The unrecognized cost is expected to be
recognized over a weighted-average period of 1.4 years.
66
Source: ABERCROMBIE & FITCH CO /DE/, 10-K, March 27, 2009 Powered by Morningstar® Document Research℠