Urban Outfitters 2009 Annual Report Download - page 73

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URBAN OUTFITTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following tables summarize activity under all stock option plans for the respective periods:
Fiscal Year Ended January 31,
2009 2008 2007
(In thousands, except per share data)
Weighted-average fair value of options granted per share ..... $ 10.56 $ 12.76 $ 11.62
Intrinsic value of options exercised ....................... $41,622 $23,610 $20,822
Cash received from option exercises ...................... $ 8,891 $ 5,000 $ 6,351
Actual tax benefit realized for tax deductions from option
exercises .......................................... $13,434 $ 7,341 $ 5,394
Information regarding options under these plans is as follows:
Fiscal Year Ended January 31, 2009
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
(years)
Aggregate
Intrinsic
Value
(1)
Options outstanding at beginning of year ......... 11,568,723 $16.04
Options granted ............................. 1,235,800 36.12
Options exercised ........................... (1,607,473) 5.53
Options forfeited ............................ (62,300) 24.48
Options expired ............................. (80,500) 29.78
Options outstanding at end of year .............. 11,054,250 19.64 5.5 $217,119
Options outstanding expected to vest ............ 10,833,165 19.64 5.5 $212,777
Options exercisable at end of year .............. 9,698,950 17.53 5.3 $170,010
Weighted average fair value of options granted per
share ................................... $ 10.56
F-25