Computer Associates 2005 Annual Report Download - page 142

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the contractual term
of the share option
is based on the U.S.
Treasury yield
curve in effect at the
time of grant.
(3) The expected term
is the number of
years that the
Company estimates,
based primarily on
historical
experience, that
options will be
outstanding prior to
exercise.
The total cash received from employees as a result of employee stock option exercises in fiscal years 2005, 2004, and 2003 was
approximately $72.9 million, $56.9 million, and $30.9 million, respectively. The Company settles employee stock option exercises with
stock held in treasury. The tax benefits realized by the Company for stock options exercised during fiscal years 2005, 2004, and 2003
was approximately $13.9 million, $6.9 million, and $0.1 million, respectively.
91