IHOP 2010 Annual Report Download - page 145
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DineEquity, Inc. and Subsidiaries
Notes to the Consolidated Financial Statements (Continued)
18. Stock-Based Incentive Plans (Continued)
Stock Options
Stock option activity for the years ended December 31, 2010, 2009 and 2008 is summarized as
follows:
Weighted Average Weighted Average
Number of Exercise Price Remaining Contractual Aggregate Intrinsic
Shares Under Option Shares Per Share Term (in Years) Value
Outstanding at December 31, 2007 . 541,756 $36.41
Granted .................... 576,000 36.05
Exercised ................... (41,500) 23.82
Forfeited ................... (77,799) 41.65
Expired .................... (64,518) 35.50
Outstanding at December 31, 2008 . 933,939 36.37
Granted .................... 1,016,750 8.22
Exercised ................... (15,500) 20.87
Forfeited ................... (222,923) 20.35
Expired .................... (53,166) 40.07
Outstanding at December 31, 2009 . 1,659,100 21.30
Granted .................... 415,804 31.26
Exercised ................... (475,705) 16.75
Forfeited ................... (50,222) 25.84
Expired .................... (25,267) 44.93
Outstanding at December 31, 2010 . 1,523,710 $24.90 7.28 $37,452,000
Vested and Expected to Vest at
December 31, 2010 .......... 1,275,637 $26.10 7.06 $29,830,000
Exercisable at December 31, 2010 . 472,305 $37.54 4.58 $ 5,665,000
The total intrinsic value of options exercised during the years ended December 31, 2010, 2009 and
2008 was $12.0 million, $0.1 million and $0.8 million, respectively.
Cash received from options exercised under all stock-based payment arrangements for the years
ended December 31, 2010, 2009 and 2008 was $8.0 million, $0.3 million and $1.0 million, respectively.
The actual tax benefit realized for the tax deduction from option exercises under the stock-based
payment arrangements totaled $2.7 million, $0.5 million and $1.9 million, respectively, for the years
ended December 31, 2010, 2009 and 2008.
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