MoneyGram 2009 Annual Report Download - page 117

Table of Contents
MONEYGRAM INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
has remaining authorization to repurchase up to 5,205,000 shares. There were no shares repurchased during 2008 or 2009. Following is a
summary of treasury stock share activity:
Treasury Stock
(Amounts in thousands) Shares
Balance at December 31, 2007 5,911
Submission of shares for withholding taxes upon release of restricted stock and
forfeiture of shares of restricted stock 88
Balance at December 31, 2008 5,999
Submission of shares for withholding taxes upon release of restricted stock and
forfeiture of shares of restricted stock 42
Balance at December 31, 2009 6,041
Accumulated Other Comprehensive Loss — The components of "Accumulated other comprehensive loss" at December 31 include:
(Amounts in thousands) 2009 2008
Net unrealized gains on securities classified as available-for-sale $ 16,510 $ 9,332
Unrealized gains on derivative financial instruments — 780
Cumulative foreign currency translation adjustments 4,962 5,368
Prior service cost for pension and postretirement benefits, net of tax (223) (419)
Unrealized losses on pension and postretirement benefits, net of tax (56,920) (57,768)
Accumulated other comprehensive loss $ (35,671) $ (42,707)
Note 14 — Stock-Based Compensation
In connection with the spin-off, each holder of a Viad stock option was issued a stock option for MoneyGram common stock. The
exercise price of each MoneyGram stock option issued in connection with the spin-off equals the exercise price of the Viad stock option
times a fraction, the numerator of which was the closing price of a share of MoneyGram common stock on the first trading day
subsequent to the date of spin-off and the denominator of which was that price plus the closing price of a share of Viad common stock on
the first trading day subsequent to the date of spin-off (divided by four to reflect the post-spin Viad reverse stock split). These
MoneyGram options are considered to have been issued under the MoneyGram International, Inc. 2004 Omnibus Incentive Plan.
MoneyGram will take all tax deductions relating to the exercise of stock options and the vesting of restricted stock held by employees and
former employees of MoneyGram, and Viad will take the deductions arising from options and restricted stock held by its employees and
former employees.
On May 10, 2005, the Company's stockholders approved the MoneyGram International, Inc. 2005 Omnibus Incentive Plan, which
authorizes the issuance of awards of up to 7,500,000 shares of common stock. Effective upon the approval of the 2005 Omnibus Incentive
Plan, no new awards may be granted under the 2004 Omnibus Incentive Plan. The 2005 Omnibus Incentive Plan provides for the
following types of awards to officers, directors and certain key employees: (a) incentive and nonqualified stock options; (b) stock
appreciation rights; (c) restricted stock and restricted stock units; (d) dividend equivalents; (e) performance based awards; and (f) stock
and other stock-based awards. Shares related to forfeited and cancelled awards become available for new grants, as well as shares that are
withheld for full or partial payment to the Company of the exercise price of awards. Shares that are withheld as satisfaction of tax
obligations relating to an award, as well as previously issued shares used for payment of the
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