Supercuts 2008 Annual Report Download - page 110

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
10. SHAREHOLDERS' EQUITY (Continued)
Stock options outstanding, weighted average exercise prices and weighted average fair values were as follows:
Outstanding options of 1,713,244 at June 30, 2008 had an intrinsic value of $8.9 million and a weighted average remaining contractual term
of 4.3 years. Exercisable options of 1,343,744 at June 30, 2008 had an intrinsic value of $8.9 million and a weighted average remaining
contractual term of 3.2 years. An additional 347,224 options are expected to vest with a $34.12 per share weighted average exercise price and a
weighted average remaining contractual life of 8.6 years that have a total intrinsic value of zero.
All options granted relate to stock option plans that have been approved by the shareholders of the Company. Stock options granted in fiscal
year 2008 were granted under the 2004 Plan. Stock options granted in fiscal year 2007 and 2006 were granted under the 2000 Plan.
108
Options Outstanding
Shares
Weighted
Average
Exercise Price
(in thousands)
Balance, June 30, 2005
3,673
$
19.43
Granted
135
35.33
Cancelled
(48
)
26.95
Exercised
(852
)
17.02
Balance, June 30, 2006
2,908
20.59
Granted
141
39.04
Cancelled
(27
)
27.06
Exercised
(829
)
17.22
Balance, June 30, 2007
2,193
22.97
Granted
143
28.57
Cancelled
(97
)
34.17
Exercised
(526
)
16.91
Balance, June 30, 2008
1,713
24.55
Exercisable at June 30, 2008
1,344
$
21.94