Supercuts 2011 Annual Report Download - page 138
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Table of Contents
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
15. SHAREHOLDERS' EQUITY (Continued)
Stock options outstanding and weighted average exercise prices were as follows:
Outstanding options of 838,318 at June 30, 2011 had an intrinsic value (the amount by which the stock price exceeded the exercise or grant
date price) of zero and a weighted average remaining contractual term of 4.7 years. Exercisable options of 670,198 at June 30, 2011 had an
intrinsic value of zero and a weighted average remaining contractual term of 3.9 years. An additional 154,708 options are expected to vest with a
$24.81 per share weighted average exercise price and a weighted average remaining contractual life of 7.7 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 2010 were granted under the 2000 and 2004 plan. Stock options granted in fiscal year 2009 were granted under the 2004 Plan.
133
Options Outstanding
Shares
Weighted
Average
Exercise Price
(in thousands)
Balance, June 30, 2008
1,713
$
24.55
Granted
9
35.15
Cancelled
(102
)
30.20
Exercised
(235
)
16.60
Balance, June 30, 2009
1,385
25.55
Granted
135
18.90
Cancelled
(337
)
17.74
Exercised
(203
)
15.12
Balance, June 30, 2010
980
29.48
Granted
—
—
Cancelled
(96
)
18.89
Exercised
(46
)
15.04
Balance, June 30, 2011
838
$
31.48
Exercisable June 30, 2011
670
$
33.22