Harris Teeter 2010 Annual Report Download - page 53

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A summary of the status of the Company’s restricted stock awards as of October 3, 2010, September 27, 2009
and September 28, 2008, changes during the periods ending on those dates and weighted average grant-date fair
value (WAGFV) is presented below (shares in thousands):
Stock Awards October 3, 2010 September 27, 2009 September 28, 2008
Shares WAGFV Shares WAGFV Shares WAGFV
Non-vested at beginning of period ...... 667 29.02 589 30.34 477 25.17
Granted ........................... 272 26.68 268 26.54 278 36.69
Vested ............................ (168) 28.03 (129) 26.97 (90) 23.62
Forfeited .......................... (65) 27.22 (61) 35.18 (76) 29.02
Non-vested at end of period ........... 706 28.52 667 29.02 589 30.34
The total fair value of stock awards that vested during fiscal years 2010, 2009 and 2008 was $4,705,000,
$3,514,000 and $3,280,000, respectively.
A summary of the status of the Company’s stock option plans as of October 3, 2010, September 27, 2009,
and September 28, 2008, changes during the years ending on those dates and related weighted average exercise
price is presented below (shares in thousands):
Stock Options 2010 2009 2008
Shares Price Shares Price Shares Price
Outstanding at beginning of year ....... 373 $16.49 483 $16.40 731 $16.01
Granted ........................... — — — — 10 35.24
Exercised .......................... (269) 15.96 (110) 16.07 (248) 16.01
Forfeited .......................... — — — — (8) 16.70
Expired ........................... — — — — (2) 15.11
Outstanding at end of year ............ 104 $17.86 373 $16.49 483 $16.40
Options exercisable at year end ........ 104 $17.86 373 $16.49 386 $16.27
As of October 3, 2010, all outstanding stock options were exercisable and the price per share ranged from
$11.50 to $35.24. The total cash received from stock options exercised for the exercise price and related tax
deductions are included in the Consolidated Statements of Shareholders’ Equity and Comprehensive Income. The
Company has historically issued new shares to satisfy the stock options exercised. The aggregate intrinsic value
of stock options outstanding and exercisable at October 3, 2010 and September 27, 2009 was $1,776,000 and
$3,859,000, respectively. The aggregate intrinsic value of stock options exercised during fiscal 2010, 2009 and 2008
was $4,143,000, $1,153,000 and $4,847,000, respectively.
12. INCOME TAXES
The Company and its subsidiaries file a consolidated U.S. federal income tax return. The U.S. federal statute
of limitations remains open for the fiscal year 2007 and forward. Foreign and U.S. state jurisdictions have statutes
of limitations generally ranging from 3 to 5 years.
RUDDICK CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
48