Kohl's 2010 Annual Report Download - page 65
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Table of Contents
The following table summarizes nonvested stock activity for 2010, 2009 and 2008:
Balance at beginning of year 276 $54.39 150 $69.98
Granted 715 43.04 187 44.86
Vested (76) 57.13 (54) 64.48
Forfeited (32) 42.51 (7) 54.90
Balance at end of year 883 $45.44 276 $ 54.39
The aggregate fair value of awards at the time of vesting was $12 million in 2010, $3 million in 2009 and $2 million in 2008.
Stock-based compensation expense for both stock options and nonvested stock awards is included in Selling, General and Administrative expense in
our Consolidated Statements of Income. Such expense totaled $66 million for 2010, $64 million for 2009 and $55 million for 2008. At January 29, 2011,
we had approximately $120 million of unrecognized share-based compensation expense (before forfeitures and capitalization), which is expected to be
recognized over a weighted average period of 2.7 years.
We are involved in various legal matters arising in the normal course of business. In the opinion of management, the outcome of such proceedings and
litigation will not have a material adverse impact on our financial position or results of operations.
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