Classmates.com 2008 Annual Report Download - page 137

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Table of Contents
UNITED ONLINE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
9. STOCKHOLDERS' EQUITY (Continued)
factors. Dividends are declared and paid out of the Company's surplus, as defined and computed in accordance with the General Corporation
Law of the State of Delaware.
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss) was as follows (in thousands):
10. STOCK-BASED COMPENSATION PLANS
The Company has four active equity plans under which, in general, it is authorized to grant stock options, stock awards and restricted stock
units.
Stock options granted to employees generally vest over a three- or four-year period under a variety of vesting schedules and are canceled
upon termination of employment. Stock options granted to non-employee directors generally vest over a nine-month to three-year period, either
monthly or annually. Stock option grants expire after ten years unless canceled earlier due to termination of employment or Board of Directors
service. Certain stock option grants are immediately exercisable for unvested shares of common stock, with the unvested portion of the shares
remaining subject to repurchase by the Company at the exercise price until the vesting period is complete.
Restricted stock units granted to employees generally vest over a one- to four-year period under a variety of vesting schedules and are
canceled upon termination of employment. Restricted stock units granted to non-employee directors generally vest annually over a one-year
period.
Upon the exercise of a stock option award, the vesting of a restricted stock unit or the award of common stock or restricted stock, shares of
common stock are issued from authorized but unissued shares.
F-42
Unrealized
gain (loss) on
short-term
investments,
net of tax
Unrealized
gain (loss) on
derivatives
net of tax
Foreign
currency
translation
Accumulated
Other
Comprehensive
Income (Loss)
Balance at January 1, 2006
$
(300
)
$
83
$
(110
)
$
(327
)
Current period change
172
(83
)
(7
)
82
Balance at December 31, 2006
(128
)
—
(
117
)
(245
)
Current period change
285
—
142
427
Balance at December 31, 2007
157
—
25
182
Current period change
(157
)
(242
)
(46,802
)
(47,201
)
Balance at December 31, 2008
$
—
$
(
242
)
$
(46,777
)
$
(47,019
)