Albertsons 2010 Annual Report Download - page 62

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Compensation Expense
The components of pre-tax stock-based compensation expense (included primarily in Selling and administra-
tive expenses in the Consolidated Statements of Earnings) and related tax benefits were as follows:
2010 2009 2008
Stock-based compensation $ 31 $ 44 $ 52
Income tax benefits (12) (17) (20)
Stock-based compensation (net of tax) $ 19 $ 27 $ 32
The Company realized excess tax benefits (shortfalls) of $(1), $1, and $20 related to stock-based awards
during fiscal 2010, 2009 and 2008, respectively.
Unrecognized Compensation Expense
As of February 27, 2010, there was $33 of unrecognized compensation expense related to unvested stock-
based awards granted under the Company’s stock plans. The expense is expected to be recognized over a
weighted average remaining vesting period of approximately two years.
NOTE 10—TREASURY STOCK PURCHASE PROGRAM
On May 28, 2009, the Board of Directors of the Company adopted and announced a new annual share
repurchase program authorizing the Company to purchase up to $70 of the Company’s common stock. Stock
purchases will be made from the cash generated from the settlement of stock options. This annual
authorization program replaced all existing share repurchase programs and continues through June 2010. As of
February 27, 2010, there remained $70 available to repurchase the Company’s common stock.
The Company did not purchase any shares during fiscal 2010. During 2009 and 2008, the Company purchased
0.2 shares and 5 shares, respectively, under former share repurchase programs.
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