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Table of Contents DSW INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The aggregate intrinsic value is calculated as the amount by which the fair value of the underlying common shares exceeds the option exercise
price. The total intrinsic value of options exercised during fiscal 2011 , 2010 and 2009
was $14.5 million, $4.6 million and $0.4 million,
respectively. The total fair value of options that vested during fiscal 2011 , 2010 and 2009
was $4.9 million, $4.2 million and $4.3 million,
respectively.
F-19
Fiscal years ended
January 28, 2012
January 29, 2011
January 30, 2010
Shares
WAEP
Shares
WAEP
Shares
WAEP
Outstanding beginning of year
2,657
$
20.04
2,504
$
18.20
2,125
$
22.04
Granted
363
$
38.11
522
$
26.56
946
$
10.17
RVI options converted
73
$
26.27
Increase in options from dividend
adjustment
114
Exercised
(545
)
$
17.24
(236
)
$
14.35
(91
)
$
14.55
Forfeited
(154
)
$
21.03
(133
)
$
21.26
(476
)
$
20.21
Outstanding end of year
2,508
$
22.43
2,657
$
20.04
2,504
$
18.20
Options exercisable end of year
1,125
$
22.64
1,029
$
22.25
773
$
23.26
As of January 28, 2012:
Shares
WAEP
Weighted
Average
Remaining
Contract Life
Aggregate
Intrinsic Value
Options exercisable
1,125
$
22.64
5 years
$
30,200
Options expected to vest
1,208
$
22.40
8 years
$
32,741
Options vested and expected to vest
2,333
$
22.51
6 years
$
62,941
Options Outstanding
Options Exercisable
Year of Grant
Range of
Exercise Prices
Weighted
Average
Remaining
Contract Life
Options
Outstanding
WAEP
Aggregate
Intrinsic
Value
Options
Exercisable
WAEP
Aggregate
Intrinsic
Value
2005 - expire
in 2015
$18.20-25.87
3 years
263
$
18.61
$
8,120
263
$
18.61
$
8,120
2006 - expire
in 2016
$26.09-34.29
3 years
129
$
28.78
2,679
129
$
28.78
2,679
2007 - expire
in 2017
$20.39-41.08
5 years
284
$
40.74
2,481
228
$
40.81
1,978
2008 - expire
in 2018
$7.89-18.85
6 years
403
$
12.40
14,941
188
$
12.49
6,945
2009 - expire
in 2019
$9.58-14.41
7 years
581
$
9.84
23,055
191
$
9.99
7,547
2010 - expire
in 2020
$25.41-25.49
8 years
462
$
25.45
11,117
81
$
25.46
1,937
2011 - expire
in 2021
$4.50-50.85
8 years
386
$
35.26
5,487
45
$
27.44
994
Total
$4.50-50.85
2,508
$
22.43
$
67,880
1,125
$
22.64
$
30,200