GNC 2009 Annual Report Download - page 108
Download and view the complete annual report
Please find page 108 of the 2009 GNC 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
-
227
-
228
-
229
-
230
-
231
 |
 |
Table of Contents
GENERAL NUTRITION CENTERS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTE 17. STOCKHOLDER'S EQUITY
At December 31, 2008 there were 100 shares of Common Stock, par value $.01 per share, outstanding. All of our outstanding stock was
owned by our Parent at December 31, 2008.
NOTE 18. STOCK-BASED COMPENSATION PLANS
Stock Options
The Company adopted SFAS No. 123(R), effective January 1, 2006. The Company selected the modified prospective method, which does
not require adjustment to prior period financial statements and measures expected future compensation cost for stock-based awards at fair
value on grant date. The Company utilizes the Black-Scholes model to calculate the fair value of options under SFAS 123(R), which is
consistent with disclosures previously included in prior year financial statements under SFAS 123. The resulting compensation cost is
recognized in the Company's financial statements over the option vesting period. As of the date of adoption of SFAS 123(R), the net
unrecognized compensation cost, after taking into consideration estimated forfeitures, related to options outstanding was $4.4 million. At
December 31, 2008 the net unrecognized compensation cost was $9.0 million and is expected to be recognized over a weighted average
period of approximately 3.1 years.
In 2007, the Board of Directors of the Company of the Parent (the "Board") and Parent's stockholders approved and adopted the GNC
Acquisition Holdings Inc. 2007 Stock Incentive Plan (the "2007 Plan"). The purpose of the Plan is to enable the Parent to attract and retain
highly qualified personnel who will contribute to the success of the Company. The Plan provides for the granting of stock options, restricted
stock, and other stock-based awards. The Plan is available to certain eligible employees, directors, consultants or advisors as determined by
the administering committee of the Board. The total number of shares of our Parent's Class A common stock reserved and available for the
2007 Plan is 10.4 million shares. Stock options under the Plan generally are granted with exercise prices at or above fair market value, typically
vest over a four or five-year period and expire ten years from date of grant. No stock appreciation rights, restricted stock, deferred stock or
performance shares have been granted under the Plan. 102