Ingram Micro 2006 Annual Report Download - page 87

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The following table summarizes information about stock options outstanding and exercisable at December 30,
2006:
Range of Exercise Prices
Number
Outstanding at
December 30,
2006 (000s)
Weighted-
Average
Remaining
Life
Weighted-
Average
Exercise
Price
Number
Exercisable at
December 30,
2006 (000s)
Weighted-
Average
Exercise
Price
Options Outstanding Options Exercisable
$ 9.75 - $12.35.............. 6,090 5.1 $11.32 6,083 $11.32
$12.56 - $15.90.............. 6,573 6.5 14.26 4,518 13.92
$16.10 - $19.93.............. 9,771 6.4 17.70 6,336 17.38
$20.00 - $27.00.............. 269 0.8 25.24 257 25.46
$27.88 - $46.06.............. 651 0.3 31.70 651 31.70
23,354 5.9 15.54 17,845 15.08
Stock options exercisable totaled approximately 17,845,000, 20,416,000 and 18,470,000 at December 30,
2006, December 31, 2005 and January 1, 2005, respectively, at weighted-average exercise prices of $15.08, $15.79
and $16.74, respectively.
Activity related to non-vested restricted stock and restricted stock units was as follows for the year ended
December 30, 2006:
Number of
Shares
(in 000s)
Weighted-
Average
Grant Date
Fair Value
Non-vested at December 31, 2005................................ 10 $18.43
Granted ................................................. 1,420 19.45
Vested .................................................. (4) 19.66
Forfeited................................................. (43) 19.42
Non-vested at December 30, 2006................................ 1,383 19.49
As of December 30, 2006, the unrecognized stock-based compensation cost related to non-vested restricted
stock and restricted stock units was $18,994. The Company expects this cost to be recognized over a remaining
weighted-average period of 2.0 years.
Employee Benefit Plans
The Company’s employee benefit plans permit eligible employees to make contributions up to certain limits,
which are matched by the Company at stipulated percentages. The Company’s contributions charged to expense
were $3,365 in 2006, $3,498 in 2005, and $4,476 in 2004.
Note 13 — Common Stock
The Company has two classes of Common Stock, consisting of 500,000,000 authorized shares of $0.01 par
value Class A Common Stock and 135,000,000 authorized shares of $0.01 par value Class B Common Stock, and
25,000,000 authorized shares of $0.01 par value Preferred Stock. Class A stockholders are entitled to one vote on
each matter to be voted on by the stockholders whereas Class B stockholders are entitled to ten votes on each matter
voted on by the stockholders. The two classes of stock have the same rights in all other respects.
63
INGRAM MICRO INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)