Shutterfly 2008 Annual Report Download - page 37

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charitable contribution expense for 2006. We intend to work with Silicon Valley Community Foundation to develop a charitable program dedicated to enhancing communities in
the San Francisco Bay Area and around the world. We had no charitable contribution expense in 2005 and we do not expect to make further donations to the Silicon Valley Community
Foundation for the foreseeable future. Stock-based compensation was $0.9 million, in 2006, compared to $2.2 million in 2005.
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