Cabela's 2007 Annual Report Download - page 83

77
CABELA’S INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in Thousands Except Share and Per Share Amounts)
The stock options outstanding and exercisable for equity share-based payment awards as of December 29, 2007,
were in the following exercise price ranges:
Options Outstanding Options Exercisable
Exercise
Price Shares
Weighted
Average
Exercise Price
Average
Remaining
Contractual Life
(in Years) Shares
Weighted
Average
Exercise Price
$0.00 to $5.00 . . . . . . . . . . . . . . . . . . . . . . . . 176,160 $ 4.17 0.82 133,954 $ 4.12
$5.01 to $10.00 . . . . . . . . . . . . . . . . . . . . . . . 618,075 8.26 3.31 281,352 8.18
$10.01 to $15.00 ....................... 1,409,228 11.73 3.54 826,388 11.72
$15.01 to $20.00 . . . . . . . . . . . . . . . . . . . . . . 2,058,981 19.72 7.45 1,149,435 19.89
$20.01 to $25.00 . . . . . . . . . . . . . . . . . . . . . . 1,046,000 22.38 8.48 2,000 21.77
$25.01 to $30.00 . . . . . . . . . . . . . . . . . . . . . . 4,000 27.26 6.58 4,000 27.26
5,312,444 16.28 5.91 2,397,129 14.83
19. STOCK OPTION AND OTHER EMPLOYEE BENEFIT PLANS
Employee Stock Option Plans – The Cabela’s Incorporated 2004 Stock Plan (the “2004 Plan”) provides for
the grant of non-qualified stock options, incentive stock options, stock appreciation rights, restricted stock, restricted
stock units, and other stock-based awards to employees, directors, and consultants. Options granted under the 2004
Plan will have a term of no greater than ten years from the grant date and will become exercisable in accordance with
the vesting schedule determined at the time the awards are granted. As of December 29, 2007, there were 3,608,879
shares subject to options and 2,529,196 shares authorized and available for grant under the 2004 Plan. Our policy has
been to issue new shares for the exercise of stock options.
As of December 29, 2007, under our 1997 Stock Option Plan (the “1997 Plan”), there were 1,703,565 shares
subject to options with no shares available for grant. Options issued expire on the fifth or the tenth anniversary of the
date of the grant under the 1997 Plan.
Employee Stock Purchase Plan – The maximum number of shares of common stock available for issuance
under our Employee Stock Purchase Plan (the “ESPP”) is 1,835,000. During 2007, there were 133,606 shares issued
under the ESPP. As of December 29, 2007, 1,445,276 shares were authorized and available for issuance. We intend to
utilize market purchases, rather than new issuances, whenever possible.
401(k) Savings Plan – All employees are eligible to defer up to 80% of their wages to Cabela’s 401(k)
savings plan, subject to certain limitations. The Company matches 100% of eligible employee deferrals up to 6% of
eligible wages. Total expense for employer contributions was $7,007, $6,502 and $10,307 in 2007, 2006 and 2005,
respectively.
Deferred Compensation Plan – We have a self-funded, nonqualified deferred compensation plan for certain
key employees that was amended on December 31, 2004, to restrict any further contributions. Participants’ balances
earn interest with the rate adjusting on a semi-annual basis. Upon certain conditions participants can receive their
balance in either a lump sum or in equal annual payments over various time periods. The charge to interest expense
under this plan was $525, $503 and $633 for 2007, 2006 and 2005, respectively.