Nautilus 2001 Annual Report Download - page 55

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1999 2000 2001
--------------------- ------------------------- -------------------------
Weighted Weighted Weighted
Average Average Average
Exercise Exercise Exercise
Shares Price Shares Price Shares Price
---------- ------ ---------- ----------- ---------- -----------
Outstanding at beginning of year ................ 1,858,337 $ .71 1,576,596 $ 2.67 1,694,195 $ 8.59
Granted ......................................... 572,670 5.99 805,275 12.43 691,650 19.50
Forfeited or cancelled .......................... (72,001) 3.17 (201,375) 5.98 (91,901) 16.73
Exercised ....................................... (782,410) 0.39 (486,301) 1.28 (567,563) 4.00
---------- ------ ---------- ----------- ---------- -----------
Outstanding at end of year ...................... 1,576,596 $ 2.67 1,694,195 $ 8.59 1,726,381 $ 12.79
========== ====== ========== =========== ========== ===========
Options exercisable at end of year .............. 723,945 648,507 540,345
========== ========== ==========
The following table summarizes information about stock options outstanding as of December 31, 2001:
Options Outstanding Options Exercisable
------------------- -------------------
Average Weighted Number Weighted
Remaining Average of Average
Number Contractual Exercise Shares Exercise
RANGE OF EXERCISE PRICES Outstanding Life (Years) Price Exercisable Price
------------------------ ----------- ------------ ----- ----------- -----
$0.24 - $6.98 585,060 2.2 $ 4.51 417,442 $ 3.75
$13.56 - $13.78 691,921 3.7 13.64 102,653 13.56
$16.06 - $23.02 279,900 4.3 20.63 20,250 16.06
$24.28 - $30.42 169,500 4.7 25.01 - -
-------------------------------------------- ----------------- ------------- -------------- -------------- -------------
$0.24 - $30.42 1,726,381 3.4 $12.79 540,345 $ 6.07
================= ============= ============== ============== =============
10. INCOME TAXES
The Company realizes income tax benefits as a result of the exercise of non-qualified stock options and the exercise and subsequent sale of
certain incentive stock options (disqualifying dispositions). For financial statement purposes, any reduction in income tax obligations as a result
of these tax benefits is credited to common stock.
The provision for (benefit from) income taxes consists of the following for the three years ended December 31, 2001:
1999 2000 2001
------------ ------------ ------------
Current:
Federal ..................... $ 11,634,863 $ 22,535,917 $ 34,516,381
State ....................... 345,010 732,550 1,986,224
------------ ------------ ------------
Total current .......... 11,979,873 23,268,467 36,502,605
------------ ------------ ------------
Deferred:
Federal ..................... (484,448) 144,945 1,706,171
State ....................... -- -- 26,538
------------ ------------ ------------
Total deferred ......... (484,448) 144,945 1,732,709
------------ ------------ ------------
Total Provision ............... $ 11,495,425 $ 23,413,412 $ 38,235,314
============ ============ ============
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2002. EDGAR Online, Inc.