Neiman Marcus 2014 Annual Report Download - page 143
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Table of Contents
We use the Black-Scholes option-pricing model to determine the fair value of our options as of the date of grant. We used the following assumptions
to estimate the fair value for stock options at grant date:
Weighted average exercise price
$ 1,166
$ 1,000
Weighted term in years
5
5
Weighted average volatility
30.20%
45.12%
Risk-free interest rate
1.55% - 1.63%
1.39%
Dividend yield
—
—
Weighted average fair value
$ 343
$ 407
Expected volatility is based on estimates of implied volatility of our peer group.
The following table represents our revenues by merchandise category as a percentage of revenues:
Women’s Apparel
32%
30%
33%
31%
Women’s Shoes, Handbags and Accessories
28
28
27
27
Men’s Apparel and Shoes
12
12
11
12
Cosmetics and Fragrances
11
11
12
11
Designer and Precious Jewelry
10
11
10
12
Home Furnishings and Decor
5
6
5
5
Other
2
2
2
2
100%
100%
100%
100%
F-40