Dick's Sporting Goods 2009 Annual Report Download - page 80

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The stock option activity from February 3, 2007 through January 30, 2010 is presented in the following table:
Shares
Subject to
Options
Weighted
Average
Exercise
Price per
Share
Weighted
Average
Remaining
Contractual
Life
(Years)
Aggregate
Intrinsic Value
(in thousands)
Outstanding, February 3, 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,632,828 $ 9.88 6.64 $324,610
Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,324,866 25.86
Exercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,769,933) 6.34
Forfeited / Expired. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (911,316) 20.62
Outstanding, February 2, 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,276,445 $14.66 6.35 $352,494
Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 795,455 26.96
Exercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (686,905) 10.56
Forfeited / Expired. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (761,560) 23.23
Outstanding, January 31, 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,623,435 $14.99 5.43 $ 37,135
Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,250,876 14.01
Exercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,369,896) 4.03
Forfeited / Expired. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,160,640) 24.41
Outstanding, January 30, 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,343,775 $15.73 4.76 $138,858
Exercisable, January 30, 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,884,378 $14.09 4.16 $119,120
The aggregate intrinsic value in the table above is based on the Company’s closing stock prices for the last business day of the
period indicated. The total intrinsic value for stock options exercised for 2009, 2008 and 2007 was $44.6 million, $8.5 million and
$107.0 million, respectively. The total fair value of options vested for 2009, 2008 and 2007 was $17.5 million, $23.9 million and
$38.1 million, respectively. The nonvested stock option activity for the year ended January 30, 2010 is presented in the following
table:
Shares
Weighted
Average Fair
Value
Nonvested, January 31, 2009. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,575,608 $10.40
Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,250,876 6.21
Vested . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,781,276) 9.84
Forfeited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (585,811) 10.31
Nonvested, January 30, 2010. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,459,397 $ 8.52
As of January 30, 2010, total unrecognized stock-based compensation expense related to nonvested stock options was
approximately $24.7 million, which is expected to be recognized over a weighted average period of approximately 2.21 years.
The Company issues new shares of common stock upon exercise of stock options.
78 Dick’s Sporting Goods, Inc. ¬2009 Annual Report
DICK’S SPORTING GOODS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)