Computer Associates 2008 Annual Report Download - page 112

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The Company recognized share-based compensation in the following line items in the Consolidated Statements of
Operations for the periods indicated:
(IN MILLIONS) 2008 2007 2006
YEAR ENDED MARCH 31,
Cost of professional services $4 $3 $4
Cost of licensing and maintenance 323
Selling and marketing 30 27 27
General, and administrative 40 36 38
Product development and enhancements 27 25 27
Share-based compensation expense before tax 104 93 99
Income tax benefit (34) (27) (28)
Net compensation expense $70 $66 $71
The following table summarizes information about unrecognized share-based compensation costs as of March 31, 2008:
UNRECOGNIZED
COMPENSATION
COSTS
(IN MILLIONS)
WEIGHTED AVERAGE PERIOD
EXPECTED TO BE
RECOGNIZED
(IN YEARS)
Stock option awards $9 1.2
Restricted stock unit awards 61.4
Restricted stock awards 48 1.4
Performance share unit awards 24 1.4
Stock purchase plan 20.5
Total unrecognized share-based compensation costs $89 1.4
There were no capitalized share-based compensation costs as of March 31, 2008, 2007 or 2006.
Stock Option Awards
As of March 31, 2008, options outstanding that have vested and are expected to vest are as follows:
NUMBER
OF SHARES
(IN MILLIONS)
WEIGHTED AVERAGE
EXERCISE PRICE
WEIGHTED AVERAGE
REMAINING
CONTRACTUAL LIFE
(IN YEARS)
AGGREGATE INTRINSIC
VALUE
1
(IN MILLIONS)
Vested 14.9 $ 28.22 4.2 $ 15.5
Expected to vest
2
1.7 23.61 8.0 0.9
Total 16.6 27.74 4.6 16.4
1 These amounts represent the difference between the exercise price and $22.50, the closing price of the Company’s common stock on March 31, 2008, the last trading day of the
Company’s fiscal year as reported on the New York Stock Exchange for all in the money options.
2 Outstanding options expected to vest are net of estimated future forfeitures in accordance with the provisions of SFAS No. 123(R).
102