Cabela's 2012 Annual Report Download - page 114

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104
CABELA’S INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in Thousands Except Share and Per Share Amounts)
The following table summarizes award activity during 2012 for the Company’s two stock plans:
All Awards Non-Vested Awards
Awards
Available
for Grant
Number of
Awards (1)
Weighted
Average
Exercise
Price
Number of
Awards (1)
Weighted
Average
Grant Date
Fair Value
Outstanding, beginning of year 2,682,550 5,191,128 $ 13.92 1,776,198 $ 13.50
Granted (800,530) 800,530 14.09 800,530 27.94
Vested - (579,015) (993,639) 10.79
Exercised - (1,634,703) 17.85
Forfeited (2) 58,466 (58,466) 4.34 (58,146) 23.80
Outstanding, end of year (3) 1,940,486 3,719,474 14.55 1,524,943 21.67
(1) Excludes restricted stock awards issued in July 2008.
(2) Options forfeited under the 2004 Plan are immediately available for grant.
(3) Total awards outstanding under the 2004 Plan at the end of 2012 were comprised of 2,752,963 of non-
qualified stock options, 826,185 of nonvested stock awards, and 140,326 of performance based stock awards.
The following table provides information relating to the Company’s equity share-based payment awards at
December 29, 2012:
Number of
Awards
Weighted
Average
Exercise
Price
Weighted
Average
Fair
Value
Aggregate
Intrinsic
Value
Weighted
Average
Remaining
Contractual
Life (in Years)
Vested and exercisable 2,194,531 $ 17.00 $ 23.74 $ 52,094 3.32
Non-vested 1,524,943 11.02 21.67 45,315 6.47
Total outstanding 3,719,474 14.55 13.21 $ 97,409 4.61
Expected to vest after December 29, 2012 3,580,099 14.55 $ 93,772 4.52
The aggregate intrinsic value of awards exercised was $53,198, $26,775, and $8,493 during 2012, 2011, and
2010, respectively. The total fair value of shares vested was $10,721, $11,759, and $7,286 in 2012, 2011, and 2010,
respectively. Based on the Company’s closing stock price of $40.74 as of December 29, 2012, the total number of
in-the-money awards exercisable as of December 29, 2012, was 2,194,531.