GameStop 2006 Annual Report Download - page 97

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included compensation expense relating to the grant of these options in the amount of $16,629 in stock-based
compensation expense in the accompanying consolidated statements of operations. As of February 3, 2007, the
unrecognized compensation expense related to the unvested portion of our stock options was $21,673 which is
expected to be recognized over a weighted average period of 1.0 years.
Subsequent to the fiscal year ended February 3, 2007, an additional 939 options to purchase our Class A
common stock at an exercise price of $26.68 per share were granted under our Amended and Restated 2001
Incentive Plan, as amended (the “Incentive Plan”). The options vest in equal installments over three years and expire
in February 2017.
Restricted Stock Awards
The Company grants restricted stock awards to certain of its employees, officers and non-employee directors.
Restricted stock awards generally vest over a three-year period on the anniversary of the date of issuance.
The following table presents a summary of the Company’s restricted stock awards activity:
Shares
Weighted-
Average
Grant Date
Fair Value
(Thousands of shares)
Nonvested shares at January 31, 2004 ................................ — $ —
Nonvested shares at January 29, 2005 ................................ — —
Granted .................................................... 100 17.94
Nonvested shares at January 28, 2006 ................................ 100 17.94
Granted .................................................... 532 20.86
Vested ..................................................... (50) 17.94
Nonvested shares at February 3, 2007 ................................ 582 $20.61
The 100 shares of restricted stock granted in fiscal 2005 vest in equal installments over two years; 50 of which
were issued in fiscal 2006. In fiscal 2006, the 532 shares of restricted stock granted vest in either equal installments
over three years or in total at the end of three years depending on the grant.
During the 53 weeks ended February 3, 2007 and the 52 weeks ended January 28, 2006, the Company included
compensation expense relating to the grant of these restricted shares in the amount of $4,349 and $347, respectively,
in stock-based compensation expense in the accompanying consolidated statements of operations. As of February 3,
2007, there was $8,176 of unrecognized compensation expense related to nonvested restricted stock awards that is
expected to be recognized over a weighted average period of 2.0 years.
Subsequent to the fiscal year ended February 3, 2007, an additional 956 shares of restricted stock were granted
under the Incentive Plan, which vest over three years.
14. Employees’ Defined Contribution Plan
The Company sponsors a defined contribution plan (the “Savings Plan”) for the benefit of substantially all of
its employees who meet certain eligibility requirements, primarily age and length of service. The Savings Plan
allows employees to invest up to 60%, up to a maximum of $15,000 a year, of their eligible gross cash compensation
invested on a pre-tax basis. The Company’s optional contributions to the Savings Plan are generally in amounts
based upon a certain percentage of the employees’ contributions. The Company’s contributions to the Savings Plan
during the 53 weeks ended February 3, 2007 and the 52 weeks ended January 28, 2006 and January 29, 2005, were
$1,992, $1,333 and $992, respectively.
F-29
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)