GameStop 2009 Annual Report Download - page 97

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amount of $11,502, $15,423 and $15,803, respectively, in selling, general and administrative expenses. As of
January 30, 2010, the unrecognized compensation expense related to the unvested portion of the Company’s stock
options was $13,296 which is expected to be recognized over a weighted average period of 1.6 years.
Subsequent to the fiscal year ended January 30, 2010, an additional 1,177 options to purchase the Company’s
Class A common stock at an exercise price of $20.32 per share were granted under the Incentive Plan. The options
vest in equal installments over three years and expire in February 2020.
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 February 3, 2007 ................................ 582 $20.61
Granted .................................................... 974 $27.09
Vested ..................................................... (223) $20.07
Forfeited ................................................... (32) $24.28
Nonvested shares at February 2, 2008 ................................ 1,301 $25.46
Granted .................................................... 602 $49.20
Vested ..................................................... (556) $16.57
Forfeited ................................................... (56) $29.53
Nonvested shares at January 31, 2009 ................................ 1,291 $35.89
Granted .................................................... 622 $25.82
Vested ..................................................... (632) $31.91
Forfeited ................................................... (26) $33.78
Nonvested shares at January 30, 2010 ................................ 1,255 $32.94
The restricted stock granted in the 52 weeks ended January 30, 2010, January 31, 2009 and February 2, 2008
vest in equal installments over three years.
During the 52 weeks ended January 30, 2010, January 31, 2009 and February 2, 2008, the Company included
compensation expense relating to the grant of these restricted shares in the amounts of $26,309, $19,931 and
$11,108, respectively, in selling, general and administrative expenses in the accompanying consolidated statements
of operations. As of January 30, 2010, there was $19,770 of unrecognized compensation expense related to
nonvested restricted stock awards that is expected to be recognized over a weighted average period of 1.7 years.
Subsequent to the fiscal year ended January 30, 2010, an additional 683 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 U.S. 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 $16.5 a year, of their eligible gross cash compensation
F-29
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)