Airtran 2001 Annual Report Download - page 36

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The following table summarizes information concerning currently outstanding and exercisable options:
Options Outstanding Options Exercisable
Weighted-
Average Weighted- Weigtlted-
Remaining Average Average
Range
of
Number Contractual Exercise Number Exercise
Exercise Prices Outstanding Ufe Price Exercisable Price
$0.17 1,900,000 1.5 $0.17 1,900,000 $0.17
1.00-
4.00 3,035,634 5.5
3.21
2,318,968 3.19
4.03-
5.75 1,979,439 6.8 4.78 1,219,448 5.02
6.08-
9.12 1,602,666 9,4
7.11
458,333 6.33
9.30-13.25
104,000 4.6 11.55 74,000
12.11
18.38-23.19
644,100
4.1
18.96 644,100 18.96
0.17-23.19
9,265,839 5.5 4.79 6,614,849
4.51
The weighted-average fair value of options granted during 2001, 2000 and 1999, with option prices equal to the market price on the date of grant, was
$4.22,82.45
and $2.07, respectively. There were no options granted during 2001,
2000
and 1999 with option prices
Jess
than the market price
of
the
stock on the date of grant.
At December
31,
2001, we had reserved atotal
of
10,370,755 shares of common stock for future issuance, upon exercise
of
stock options.
12. Income Taxes
The components
of
our provision for income taxes
are
as follows:
(In
thousands)
Current provision:
Federal
State
Total current provision
Deferred provision:
Federal
State
Total
deferred provision
Provision for income taxes
2001
$
858
130
988
1,896
356
2,252
$3,240
2000
$-
$-
1999
$352
352
2,010
377
2,387
$2,739
Areconciliation
of
taxes computed at tile statutory federal tax rate on income (loss) before income taxes to the provision for income taxes is as follows:
(In
thousands)
Tax
computed at federal statutory rate
State income tax (benefit), net
of
federal tax benefit
Goodwill
Debt discount amortization
Benefit
of
preacquisition net operating loss carryforwards
Other
Valuation reserve, including the effect
of
changes to prior year deferred tax assets
2001
$
399
303
481
1,083
2,252
125
(1,403)
$
3,240
2000
$16,603
1,469
483
54
(18,609)
$
1999
$(33,829)
(3,089)
517
2,387
(200)
36,953
$2,739