Big Lots 2011 Annual Report Download - page 61

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(2) The amounts in this column reflect the aggregate grant date fair value of the restricted stock awards granted
under the 2005 LTIP to our named executive officers in the fiscal years reported as computed in accordance
with ASC 718, excluding the effect of any estimated forfeitures. The aggregate grant date fair value reflected
in this column is based on the number of shares of restricted stock granted and the fair value of the restricted
stock on the grant date (i.e., for restricted stock granted in fiscal 2011, $41.12 per common share – the
average of the opening price and the closing price of our common shares on the NYSE on the grant date, as
determined in accordance with ASC 718 and the terms of the 2005 LTIP).
(3) The amounts in this column reflect the aggregate grant date fair value of the stock option awards granted
under the 2005 LTIP to our named executive officers in the fiscal years reported as computed in accordance
with ASC 718, excluding the effect of any estimated forfeitures. See Note 7 (Share-Based Plans) to the
consolidated financial statements and the Critical Accounting Policies and Estimates – Share-Based
Compensation section of Management’s Discussion and Analysis of Financial Condition and Results of
Operations (“MD&A”) in our Form 10-K regarding the assumptions underlying the valuation of stock
option awards.
(4) The amounts in this column reflect cash bonuses earned under the 2006 Bonus Plan for performance during
each of the last three fiscal years. A portion of the cash bonuses earned by Mr. Haubiel for fiscal 2010
performance and Mr. Martin for fiscal 2010 and fiscal 2009 performance and included in this column was
deferred into the Supplemental Savings Plan upon the payment of such amount to Mr. Haubiel in fiscal 2011
and to Mr. Martin in fiscal 2011 and fiscal 2010. The Supplemental Savings Plan is described in the narrative
disclosure accompanying the Nonqualified Deferred Compensation table below.
(5) For fiscal 2011, the amounts in this column include the following compensation for our named executive
officers, as more fully described in the table included with this footnote:
i. The reimbursement of taxes related to our payment of healthcare costs covered by the Executive Benefit
Plan and long-term disability insurance premiums;
ii. Big Lots matching contributions made pursuant to the Savings Plan and the Supplemental Savings
Plan, both of which are described in the narrative disclosure accompanying the Nonqualified Deferred
Compensation table below;
iii. Big Lots paid healthcare costs covered by the Executive Benefit Plan, which is described in the
“Overview of our Executive Compensation Program – Elements of In-Service Compensation – Personal
Benefits/Perquisites” section of the CD&A;
iv. Big Lots paid premiums for life insurance, which is generally available to all full-time employees;
v. Big Lots paid premiums for long-term disability insurance, which is described in the “Overview of
our Executive Compensation Program – Elements of In-Service Compensation – Personal Benefits/
Perquisites” section of the CD&A;
vi. The cost to Big Lots associated with the use of an automobile or the receipt of a cash allowance in lieu
of an automobile; and
vii. The aggregate incremental cost to Big Lots associated with Mr. Fishman’s non-business use of
corporate aircraft.
The aggregate incremental cost of non-business use of corporate aircraft is calculated based on the direct
costs we incur in connection with operating a flight, including expenses for fuel, oil, landing, ground services,
on-board catering, crew hotel and meals, empty return (deadhead) flights and other miscellaneous variable costs.
The aggregate incremental cost also includes per flight hour maintenance costs calculated based upon the total
maintenance costs incurred by us during the prior two years and dividing those costs by the number of hours
flown during that same period. Due to the fact that the corporate aircraft are used primarily for business travel,
fixed costs which do not change based on usage, such as pilot salaries, hangar fees, management fees, purchase
costs, depreciation and capitalized improvements to the aircraft, are excluded. We did not reimburse or otherwise