THQ 2009 Annual Report Download - page 95

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A summary of the status of our nonvested shares as of March 31, 2009 and 2008 and changes during the
years then ended, is as follows (in thousands, except per share amounts):
Weighted-
Average
Grant-date
Fair Value
Shares Per Share
Nonvested shares at April 1, 2007 ....................... 339 $21.81
Granted .......................................... 494 $29.74
Vested ........................................... (92) $23.60
Forfeited/cancelled .................................. (129) $25.34
Nonvested shares at March 31, 2008 ...................... 612 $22.16
Granted .......................................... 369 $17.73
Vested ........................................... (83) $22.88
Forfeited/cancelled .................................. (179) $20.99
Nonvested shares at March 31, 2009 ...................... 719 $20.09
The weighted-average grant-date fair value of nonvested shares granted in the fiscal year ended March 31,
2007 was $26.21.
The unrecognized compensation cost, that we expect to recognize, related to our nonvested stock-based
awards at March 31, 2009, and the weighted-average period over which we expect to recognize that
compensation, is as follows (in thousands):
Unrecognized
Compensation Weighted-
Cost at Average Period
March 31, 2009 (in years)
Stock options ............................... $14,551 1.4
Nonvested shares ............................ 7,838 2.6
ESPP ..................................... — —
$22,389
Cash received from exercises of stock options for the fiscal years ended March 31, 2009, 2008 and 2007 was
$6.0 million, $21.1 million and $50.6 million, respectively. The actual tax benefit realized for the tax
deductions from exercises of all stock-based awards totaled zero, $5.5 million and $8.9 million for the fiscal
years ended March 31, 2009, 2008 and 2007, respectively.
The fair value of all our stock-based awards that vested during the years ended March 31, 2009, 2008 and
2007 was $22.4 million, $23.5 million and $19.9 million, respectively.
Non-Employee Stock Warrants. In prior years, we have granted stock warrants to third parties in
connection with the acquisition of licensing rights for certain key intellectual property. The warrants
generally vest upon grant and are exercisable over the term of the warrant. The exercise price of third-
party stock warrants is equal to the fair market value of our common stock at the date of grant. No third-
party stock warrants were granted or exercised during the fiscal years ended March 31, 2009, 2008 and
2007.
At March 31, 2009, 2008 and 2007, we had 390,000 stock warrants outstanding with a weighted average
exercise price per share of $12.32.
In accordance with EITF No. 96-18, ‘‘Accounting for Equity Instruments that are Issued to Other Than
Employees for Acquiring or in Connection with Selling Goods or Services,’’ we measure the fair value of
these warrants on the measurement date. The fair value of each stock warrant is capitalized and amortized
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