Western Union 2014 Annual Report Download - page 282

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2014 FORM 10-K
THE WESTERN UNION COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
144
The assumptions used to calculate the fair value of options granted are evaluated and revised, as necessary, to reflect market
conditions and the Company's historical experience and future expectations. The calculated fair value is recognized as compensation
cost in the Company's consolidated financial statements over the requisite service period of the entire award. Compensation cost
is recognized only for those options expected to vest, with forfeitures estimated at the date of grant and evaluated and adjusted
periodically to reflect the Company's historical experience and future expectations. Any change in the forfeiture assumption is
accounted for as a change in estimate, with the cumulative effect of the change on periods previously reported being reflected in
the consolidated financial statements of the period in which the change is made. In the future, as more historical data is available
to calculate the volatility of Western Union stock and the actual terms Western Union employees hold options, expected volatility
and expected term may change which could change the grant-date fair value of future stock option awards and, ultimately, the
recorded compensation expense.