Best Buy 2008 Annual Report Download - page 90

Download and view the complete annual report

Please find page 90 of the 2008 Best Buy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 120

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120

$ in millions, except per share amounts or as otherwise noted
Market-Based Share Awards
The fair value of market-based share awards is determined based on generally accepted valuation techniques and the
closing market price of our stock on the date of grant. A summary of the status of our nonvested market-based share
awards at March 1, 2008, and changes during fiscal 2008, is as follows:
Weighted-
Average
Fair Value
Market-Based Share Awards Shares per Share
Outstanding at March 3, 2007 2,150,000 $30.01
Granted 267,000 51.83
Vested ——
Forfeited/Canceled (1,056,000) 23.28
Outstanding at March 1, 2008 1,361,000 $39.51
We recognize expense for market-based share awards on compensation expense related to nonvested market-based
a straight-line basis over the requisite service period (or to share awards that we expect to recognize over a weighted-
an employee’s eligible retirement date, if earlier). At average period of 1.8 years.
March 1, 2008, there was $25 of unrecognized
Performance-Based Share Awards
The fair value of performance-based share awards is determined based on the closing market price of our stock on the
date of grant. A summary of the status of our nonvested performance-based share awards at March 1, 2008, and
changes during fiscal 2008, is as follows:
Weighted-
Average
Fair Value
Performance-Based Share Awards Shares per Share
Outstanding at March 3, 2007 680,000 $49.98
Granted 288,000 48.26
Vested (5,000) 55.50
Forfeited/Canceled (216,000) 44.42
Outstanding at March 1, 2008 747,000 $50.88
At March 1, 2008, there was $14 of unrecognized performance-based share awards that we expect to
compensation expense related to nonvested recognize over a weighted-average period of 1.6 years.
82