Classmates.com 2008 Annual Report Download - page 138
Download and view the complete annual report
Please find page 138 of the 2008 Classmates.com 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.-
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
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
 |
 |
Table of Contents
UNITED ONLINE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
10. STOCK-BASED COMPENSATION PLANS (Continued)
The following table summarizes the aggregate shares reserved for issuance and the shares available for grant under the Company's equity
plans at December 31, 2008 (in thousands):
The Company cannot grant restricted stock units from the Classmates Online, Inc. 2004 Stock Plan.
Stock-Based Compensation
The following table summarizes the stock-based compensation that has been included in the following captions within the consolidated
statements of operations for each of the periods presented (in thousands):
Stock Options
The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model, consistent with the
provisions of SFAS No. 123R and SAB No. 107. Because option-pricing models require the use of subjective assumptions, changes in these
assumptions can materially affect the fair value of the options. The Company calculates expected volatility based on historical volatility of the
Company's common stock. The expected term, which represents the period of time that options granted are expected to be outstanding, is
estimated based on historical exercise experience. The Company evaluated historical exercise behavior when determining the expected term
assumptions. The risk-free interest rate assumed in valuing the options is based on the U.S. Treasury yield curve in effect at the time of grant for
the expected term of the option. The Company determines the expected dividend yield percentage by dividing the expected annual dividend by
the closing market price of United Online common stock at the date of grant.
F-43
Aggregate
Shares
Reserved for
Issuance
Shares
Available
for Grant
2001 Stock Incentive Plan
25,726
2,554
2001 Supplemental Stock Incentive Plan
5,039
98
Classmates Online, Inc. 2004 Stock Plan
1,128
528
FTD Group, Inc. 2005 Equity Incentive Plan
1,462
552
Total
33,355
3,732
Year Ended December 31,
2008 2007 2006
Operating expenses:
Cost of revenues
$
1,049
$
884
$
817
Sales and marketing
7,250
4,031
3,457
Technology and development
6,410
4,941
5,367
General and administrative
21,818
9,693
9,527
Total stock
-
based compensation
$
36,527
$
19,549
$
19,168
Tax benefit recognized
$
8,952
$
4,529
$
3,962