Airtran 2007 Annual Report Download - page 67

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61
61
The total intrinsic value of options exercised during the years ended December 31, 2007, 2006, and 2005, was $1.0 million,
$9.8 million, and $13.4 million, respectively.
Cash received from options exercised under all share-based payment arrangements for the years ended December 31, 2007,
2006, and 2005, was $1.0 million, $6.0 million, and $9.8 million, respectively. SFAS 123R requires that the benefits
associated with the tax deductions in excess of recognized compensation cost be reported as a financing cash flow rather than
as a operating cash flow. For the years ended December 31, 2007 and 2006, we did not record any excess tax benefit
generated from option exercises.
Restricted Stock
Restricted stock awards have been granted to certain of our officers, directors and key employees pursuant to our 2002 Long-
Term Incentive Plan. Restricted stock awards are grants of shares of our common stock which typically vest over time and
are valued at the fair market value of our publicly traded stock on the date of issuance and charged to compensation expense
on a straight-line basis over the respective vesting period (generally three years).
Compensation expense for our restricted stock grants was $5.4 million, $4.4 million, and $2.3 million during the years ended
December 31, 2007, 2006 and 2005, respectively. As of December 31, 2007, we have $9.3 million in total unrecognized
future compensation expense that will be recognized over the next three years relating to awards for approximately 1,106,069
restricted shares which were outstanding at such date but which had not yet vested.