Big Lots 2007 Annual Report Download - page 148

Download and view the complete annual report

Please find page 148 of the 2007 Big Lots 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 180

  • 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
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180

60
BIG LOTS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 7 — Share-Based Plans (Continued)
A summary of the annual stock option activity for fiscal years 2005, 2006, and 2007 is as follows:
Options Price(a)
Weighted
Average
Remaining
Contractual
Ter m
(years)
Aggregate
Intrinsic
Value
(000's)
Outstanding at January 29, 2005 . . . . . . . . . . . . . . . . . . . . . . . 10,609,500 $14.97
Granted ........................................... 2,081,800 11.52
Exercised .......................................... (600,021) 11.69
Forfeited .......................................... (1,400,534) 14.76
Outstanding at January 28, 2006 . . . . . . . . . . . . . . . . . . . . . . . 10,690,745 14.52
Granted ........................................... 1,137,900 13.40
Exercised .......................................... (4,671,936) 12.31
Forfeited .......................................... (511,719) 15.78
Outstanding at February 3, 2007 . . . . . . . . . . . . . . . . . . . . . . . 6,644,990 15.78
Granted ........................................... 1,156,000 28.69
Exercised .......................................... (2,742,055) 13.10
Forfeited .......................................... (934,465) 24.52
Outstanding at February 2, 2008 . . . . . . . . . . . . . . . . . . . . . . . 4,124,470 $19.20 5.3 $ 11,957
Vested and expected to vest at February 2, 2008 ........... 3,945,731 $19.17 5.3 $ 11,478
Exercisable at February 2, 2008 ........................ 1,877,795 $17.36 4.6 $ 6,496
(a) Weighted-average per share exercise price.
The number of stock options expected to vest was based on our annual forfeiture rate assumption.
A summary of the nonvested restricted stock activity for fiscal years 2005, 2006, and 2007 is as follows:
Number of Shares
Weighted
Average Grant
Date Fair Value
Nonvested restricted stock at January 29, 2005 ........................ 172,000 $10.85
Granted ....................................................... 100,000 11.25
Vested ........................................................ (53,998) 10.85
Forfeited ...................................................... (10,000) 10.85
Nonvested restricted stock at January 28, 2006 ........................ 208,002 11.04
Granted ....................................................... 290,700 12.91
Vested ........................................................ (87,331) 11.00
Forfeited ...................................................... (2,700) 12.80
Nonvested restricted stock at February 3, 2007 ........................ 408,671 12.37
Granted ....................................................... 325,400 28.73
Vested ........................................................ (406,871) 12.34
Forfeited ...................................................... (6,300) 26.45
Nonvested restricted stock at February 2, 2008 ........................ 320,900 $28.72