Dick's Sporting Goods 2015 Annual Report Download - page 60

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Additional information regarding options outstanding as of January€30, 2016 is as follows:
Options Outstanding Options Exercisable
Range of
Exercise Prices Shares
Weighted
Average
Remaining
Contractual
Life (Years)
Weighted
Average
Exercise
Price Shares
Weighted
Average
Exercise
Price
$13.82 - $26.03 1,077,719 0.32 $17.90 1,077,719 $17.90
$26.77 - $44.88 1,002,241 1.68 32.16 956,369 31.57
$45.34 - $55.29 1,244,756 4.57 50.38 508,268 49.22
$55.49 - $58.48 649,796 6.09 58.40 10,948 56.65
$13.82 - $58.48 3,974,512 2.94 $38.29 2,553,304 $29.42
Restricted Stock€– €The Company issues shares of restricted stock to eligible employees, which are subject to forfeiture until the
end of an applicable vesting period. The awards generally vest on the third anniversary of the date of grant, subject to the
employee's continuing employment as of that date.
The restricted stock activity from February€2, 2013 through January€30, 2016 is presented in the following table:
Shares
Weighted
Average
Grant Date
Fair Value
Nonvested, February 2, 2013 2,092,095 $35.48
Granted 1,806,949 46.85
Vested (913,769)27.46
Forfeited (553,621)39.93
Nonvested, February 1, 2014 2,431,654 $45.93
Granted 593,841 53.36
Vested (433,249)39.99
Forfeited (406,127)48.40
Nonvested, January 31, 2015 2,186,119 $48.67
Granted 661,640 56.95
Vested (400,951)48.59
Forfeited (241,828)50.52
Nonvested, January 30, 2016 2,204,980 $50.97
As of January€30, 2016, total unrecognized stock-based compensation expense related to nonvested shares of restricted stock,
net of estimated forfeitures, was approximately $27.8 million before income taxes, which is expected to be recognized over a
weighted average period of approximately 1.63 years.
During 2013, the Company issued a special grant of 1,185,793 shares of performance-based restricted stock in support of the
Company's five-year strategic plan ("the Long-Term Incentive Plan"). The Company issued 90,735 and 118,095 shares pursuant
to the Long-Term Incentive Plan during 2015 and 2014, respectively, to newly eligible associates. As of January€30, 2016,
nonvested restricted stock outstanding included 855,998 shares of these performance-based awards, which vest at the end of a
five-year period based upon the achievement of certain pre-established financial performance metrics at the end of the
performance period, with an opportunity for earlier vesting if the target metrics are achieved at the end of any fiscal year within
the performance period. As of January€30, 2016, these awards were not deemed probable of achieving the pre-established
financial performance metrics.
DICK'S SPORTING GOODS,€INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
54