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the a0program provided for restricted stock awards to be made to plan participants if the holders of our common equity achieved a total return in excess of 40% ( 40 % ) over a 48-month period commenc- ing april a01 , 2003 .
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in april 2007 , the compensation committee determined that under the terms of the 2003 outperformance plan , as of march a031 , 2007 , the performance hurdles had been met and the maximum performance pool of $ 22825000 , taking into account forfeitures , was established . in connection with this event , approximately ...
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in accordance with the terms of the program , 40% ( 40 % ) of each award vested on march a031 , 2007 and the remainder vested ratably over the subsequent three years based on continued employment . the fair value of the awards under this program on the date of grant was determined to be $ 3.2 a0million . this fair val...
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forty percent of the value of the award was amortized over four years from the date of grant and the balance was amortized , in equal parts , over five , six and seven years ( i.e.
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, 20% ( 20 % ) of the total value was amortized over five years ( 20% ( 20 % ) per year ) , 20% ( 20 % ) of the total value was amortized over six years ( 16.67% ( 16.67 % ) per year ) and 20% ( 20 % ) of the total value was amortized over seven years ( 14.29% ( 14.29 % ) per year ) .
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we recorded compensation expense of $ 23000 and $ 0.1 a0million related to this plan during the years ended december a031 , 2010 and 2009 , respectively . the cost of the 2003 outperformance plan had been fully expensed as of march a031 , 2010 .
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2005 long- term outperformance compensation program in december 2005 , the compensation committee of our board of directors approved a long- term incentive compensation program , the 2005 outperformance plan .
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participants in the 2005 outperformance plan were entitled to earn ltip units in our operating partnership if our total return to stockholders for the three- year period beginning december a01 , 2005 exceeded a cumulative total return to stockholders of 30% ( 30 % ) ; provided that par- ticipants were entitled to earn...
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the total number of ltip units that could be earned was to be a number having an assumed value equal to 10% ( 10 % ) of the outperformance amount in excess of the 30% ( 30 % ) benchmark , subject to a maximum dilution cap equal to the lesser of 3% ( 3 % ) of our outstanding shares and units of limited partnership inte...
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on june a014 , 2006 , the compensation committee determined that under the terms of the a02005 outperformance plan , as of june a08 , 2006 , the performance period had accelerated and the maximum performance pool of $ 49250000 , taking into account forfeitures , had been earned .
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under the terms of the 2005 outperformance plan , participants also earned additional ltip units with a value equal to the distributions that would have been paid with respect to the ltip units earned if such ltip units had been earned at the beginning of the performance period . the total number of ltip units earned ...
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under the terms of the 2005 outperformance plan , all ltip units that were earned remained subject to time- based vesting , with one- third of the ltip units earned vested on each of november a030 , 2008 and the first two anniversaries thereafter based on continued employment . the earned ltip units received regular q...
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the cost of the 2005 outperformance plan ( approximately $ 8.0 a0million , subject to adjustment for forfeitures ) was amortized into earnings through the final vesting period . we recorded approximately $ 1.6 a0million and $ 2.3 a0million of compensation expense during the years ended december a031 , 2010 and 2009 , ...
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the cost of the 2005 outperformance plan had been fully expensed as of june a030 , 2010 . 2006 long- term outperformance compensation program on august a014 , 2006 , the compensation committee of our board of directors approved a long- term incentive compensation program , a0the 2006 outperformance plan . the performa...
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the cost of the 2006 outperformance plan ( approximately $ 16.4 a0million , subject to adjustment for forfeitures ) was amortized into earnings through july a031 , 2011 . we recorded approximately $ 70000 , $ 0.2 a0million and $ 0.4 a0million of compensation expense during the years ended december a031 , 2011 , 2010 a...
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part ii item 5 2014market for registrant 2019s common equity and related stockholder matters ( a ) market information . the common stock of the company is currently traded on the new york stock exchange ( nyse ) under the symbol 2018 2018aes 2019 2019 . the following tables set forth the high and low sale prices for th...
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2001 first quarter the second quarter of high $ 60.15 is 52.25 ; the second quarter of low $ 41.30 is 39.95 ; the second quarter of 2000 first quarter is second quarter ; the second quarter of high $ 44.72 is 49.63 ; the second quarter of low $ 34.25 is 35.56 ; 2001 first quarter the third quarter of high $ 60.15 is 4...
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; the third quarter of low $ 41.30 is 12.00 ; the third quarter of 2000 first quarter is third quarter ; the third quarter of high $ 44.72 is 70.25 ; the third quarter of low $ 34.25 is 45.13 ; 2001 first quarter the fourth quarter of high $ 60.15 is 17.80 ; the fourth quarter of low $ 41.30 is 11.60 ; the fourth quar...
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2000 first quarter is fourth quarter ; the fourth quarter of high $ 44.72 is 72.81 ; the fourth quarter of low $ 34.25 is 45.00 ; ( b ) holders . as of march 2 , 2002 , there were 9967 record holders of the company 2019s common stock , par value $ 0.01 per share . ( c ) dividends .
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under the terms of the company 2019s corporate revolving loan and letters of credit facility of $ 850 million entered into with a commercial bank syndicate and other bank agreements , the company is currently limited in the amount of cash dividends it is allowed to pay . in addition , the company is precluded from pay...
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the ability of the company 2019s project subsidiaries to declare and pay cash dividends to the company is subject to certain limitations in the project loans , governmental provisions and other agreements entered into by such project subsidiaries . such limitations permit the payment of cash dividends out of current c...
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table of contents hologic , inc . notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) a summary of the company 2019s restricted stock units activity during the year september 26 , 2009 is presented below : non-vested shares number of shares weighted-average grant-date fair ...
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non-vested shares the non-vested at september 27 2008 of number of shares is 1461 ; the non-vested at september 27 2008 of weighted-average grant-date fair value is $ 31.23 ; non-vested shares the granted . of number of shares is 1669 ; the granted .
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of weighted-average grant-date fair value is 14.46 ; non-vested shares the vested of number of shares is -210 ( 210 ) ; the vested of weighted-average grant-date fair value is 23.87 ; non-vested shares the forfeited of number of shares is -150 ( 150 ) ; the forfeited of weighted-average grant-date fair value is 23.44 ...
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70 ; the non-vested at september 26 2009 of weighted-average grant-date fair value is $ 21.96 ; the number of restricted stock units vested includes shares withheld on behalf of employees to satisfy minimum statutory tax withholding requirements . during fiscal 2009 , 2008 and 2007 the total fair value of rsus vested w...
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employee stock purchase plan at the company 2019s march 11 , 2008 annual meeting of stockholders , the company 2019s 2008 employee stock purchase plan ( the 201cespp 201d ) was approved . the plan meets the criteria set forth in asc 718 2019s definition of a non-compensatory plan and does not give rise to stock-based ...
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employees who have completed three consecutive months , or two years , whether or not consecutive , of employment with the company or any of its participating subsidiaries are eligible to participate in the espp . the espp plan period is semi-annual and allows participants to purchase the company 2019s common stock at...
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during fiscal 2009 , the company issued 121 shares under the espp . 10 . profit sharing 401 ( k ) plan the company has a qualified profit sharing plan covering substantially all of its employees . contributions to the plan are at the discretion of the company 2019s board of directors . the company made contributions o...
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supplemental executive retirement plan effective march 15 , 2006 , the company adopted a serp to provide non-qualified retirement benefits to a select group of executive officers , senior management and highly compensated employees of the company . eligible employees may elect to contribute up to 75% ( 75 % ) of their...
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in addition , the company may elect to make annual discretionary contributions on behalf of participants in the serp . each company contribution is subject to a three year vesting schedule , such that each contribution vests one third annually . employee contributions are recorded within accrued expenses in the consol...
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source : hologic inc , 10-k , november 24 , 2009 powered by morningstar ae document research 2120 the information contained herein may not be copied , adapted or distributed and is not warranted to be accurate , complete or timely . the user assumes all risks for any damages or losses arising from any use of this info...
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research , development and related expenses : research , development and related expenses ( r&d ) as a percent of net sales decreased 1.0 percentage point in 2007 when compared to 2006 , as expenses incurred in 2006 in the company 2019s now-divested r&d-intensive pharmaceuticals business did not repeat in 2007 .
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non-pharmaceutical ongoing r&d expenses , after adjusting for the following items , were up approximately 11% ( 11 % ) in dollars , as the company continued to aggressively invest in future technologies and growth opportunities . 2006 spending included a $ 95 million in-process research and development charge ( discus...
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in dollars , r&d spending decreased $ 154 million when comparing 2007 to 2006 , with the change in restructuring and other items year-on-year decreasing r&d by $ 174 million , 2006 pharmaceutical sg&a spending decreasing $ 120 million and other r&d spending increasing $ 140 million , or approximately 11% ( 11 % ) in d...
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r&d increased as a percent of sales by 0.6 of a percentage point , or $ 248 million , when comparing 2006 to 2005 . the 2006 spending included a $ 95 million in-process research and development charge ( discussed in note 2 ) and $ 75 million in restructuring actions ( note 4 ) . other spending increased approximately ...
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gain on sale of businesses : in january 2007 , 3m completed the sale of its global branded pharmaceuticals business in europe to meda ab . 3m received proceeds of $ 817 million for this transaction and recognized , net of assets sold , a pre-tax gain of $ 781 million in 2007 ( recorded in the health care segment ) . i...
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3m received proceeds of $ 80 million for this transaction and recognized , net of assets sold , transaction and other costs , a pre-tax gain of $ 68 million ( recorded in the display and graphics segment ) in 2007 . in december 2006 , 3m completed the sale of its global branded pharmaceuticals businesses in the united...
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3m received proceeds of $ 1.209 billion for these transactions and recognized a pre-tax gain on sale of $ 1.074 billion in 2006 ( recorded in the health care segment ) . for more detail , refer to note 2 . operating income : 3m uses operating income as one of its primary business segment performance measurement tools ...
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operating income margins over the past several years have been in excess of 22% ( 22 % ) , helped by solid sales growth and an ongoing strong commitment to maintaining operational discipline throughout 3m 2019s global operations . operating income margins of 25.3% ( 25.3 % ) in 2007 were positively impacted by 2.8 per...
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operating income margins of 24.8% ( 24.8 % ) for 2006 were positively impacted by 2.2 percentage points ( $ 523 million ) from the gain on sale of portions of the pharmaceuticals business , net of restructuring and other actions . adjusting for the preceding items , operating income margins in 2007 were similar to 200...
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( millions ) the interest expense of 2007 is $ 210 ; the interest expense of 2006 is $ 122 ; the interest expense of 2005 is $ 82 ; ( millions ) the interest income of 2007 is -132 ( 132 ) ; the interest income of 2006 is -51 ( 51 ) ; the interest income of 2005 is -56 ( 56 ) ; ( millions ) the total of 2007 is $
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78 ; the total of 2006 is $ 71 ; the total of 2005 is $ 26 ; interest expense : interest expense increased year-on-year in both 2007 and 2006 , primarily due to higher average debt balances and higher interest rates . interest income : interest income increased in 2007 due to higher average cash , cash equivalent and ...
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interest income was lower in 2006 , with lower average cash , cash equivalent and marketable securities balances partially offset by higher interest rates. .
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decentralized business model . our business segments are focused on distinct product categories and are responsible for their own performance . this structure enables each of our segments to independently best position itself within each category in which it competes and reinforces strong accountability for operational...
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0
611
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as of december 31 , 2017 , we had $ 323.0 million of cash and cash equivalents and total debt was $ 1507.6 million , resulting in a net debt position of $ 1184.6 million . in addition , we had $ 635.0 million available under our credit facility as of december 31 , 2017 . business segments we have four business segment...
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the following table shows net sales for each of these segments and key brands within each segment : segment net sales ( in millions ) percentage of total 2017 net sales key brands cabinets $ 2467.1 47% ( 47 % ) aristokraft , diamond , mid-continent , kitchen craft , schrock , homecrest , omega , thomasville ( a ) , ke...
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, victoria + albert , shaws , waste king .
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segment the cabinets of 2017net sales ( in millions ) is $ 2467.1 ; the cabinets of percentage of total 2017 net sales is 47% ( 47 % ) ; the cabinets of key brands is aristokraft diamondmid-continentkitchen craft schrock homecrest omega thomasville ( a ) kemper starmark ultracraft ; segment the plumbing of 2017net sal...
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1,434
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201_5
3% ( 33 % ) ; the plumbing of key brands is moen rohl riobel perrin & rowe victoria + albert shaws waste king ; segment the doors of 2017net sales ( in millions ) is 502.9 ; the doors of percentage of total 2017 net sales is 9% ( 9 % ) ; the doors of key brands is therma-trufypon ; segment the security of 2017net sales...
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1,840
2,225
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017 net sales is 11% ( 11 % ) ; the security of key brands is master lock american lock sentrysafe ; segment the total of 2017net sales ( in millions ) is $ 5283.3 ; the total of percentage of total 2017 net sales is 100% ( 100 % ) ; the total of key brands is ; ( a ) thomasville is a registered trademark of hhg globa...
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2,225
2,560
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our segments compete on the basis of innovation , fashion , quality , price , service and responsiveness to distributor , retailer and installer needs , as well as end-user consumer preferences . our markets are very competitive . approximately 15% ( 15 % ) of 2017 net sales were to international markets , and sales t...
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2,560
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( 201clowe 2019s 201d ) , each accounted for more than 10% ( 10 % ) of the company 2019s net sales in 2017 . sales to all u.s . home centers in the aggregate were approximately 27% ( 27 % ) of net sales in 2017 . cabinets .
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3,002
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our cabinets segment manufactures custom , semi-custom and stock cabinetry , as well as vanities , for the kitchen , bath and other parts of the home through a regional supply chain footprint to deliver high quality and service to our customers . this segment sells a portfolio of brands that enables our customers to d...
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9
3,226
3,770
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substantially all of this segment 2019s sales are in north america . this segment sells directly to kitchen and bath dealers , home centers , wholesalers and large builders . in aggregate , sales to the home depot and lowe 2019s comprised approximately 34% ( 34 % ) of net sales of the cabinets segment in 2017 . this s...
FBHS/2017/page_22.pdf-1
FBHS/2017/page_22.pdf
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3,770
4,260
201_11
our plumbing segment manufactures or assembles and sells faucets , accessories , kitchen sinks and waste disposals in north america and china , predominantly under the moen , rohl , riobel , perrin & rowe , victoria + albert , shaws and waste king brands . although this segment sells products principally in the u.s. ,...
FBHS/2017/page_22.pdf-1
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entity transfers of inventory , the income tax effects will continue to be deferred until the inventory has been sold to a third party . cadence adopted the new standard on the first day of fiscal 2018 using the modified retrospective transition approach and recorded a cumulative-effect adjustment to decrease retained ...
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0
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we anticipate the potential for increased volatility in future effective tax rates from the adoption of this guidance . stock-based compensation in may 2017 , the fasb issued asu 2017-09 , 201ccompensation 2014stock compensation ( topic 718 ) : scope of modification accounting , 201d that provides guidance about which...
CDNS/2018/page_66.pdf-1
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the adoption of this standard did not impact cadence 2019s consolidated financial statements or the related disclosures . cumulative effect adjustments to retained earnings the following table presents the cumulative effect adjustments , net of income tax effects , to beginning retained earnings for new accounting sta...
CDNS/2018/page_66.pdf-1
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the balance december 30 2017 as previously reported of retained earnings ( in thousands ) is $ 341003 ; the cumulative effect adjustment from the adoption of new accounting standards: of retained earnings ( in thousands ) is ; the revenue from contracts with customers ( topic 606 ) * of retained earnings ( in thousan...
CDNS/2018/page_66.pdf-1
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8 ; the income taxes ( topic 740 ) : intra-entity transfers of assets other than inventory of retained earnings ( in thousands ) is -8349 ( 8349 ) ; the balance december 30 2017 as adjusted of retained earnings ( in thousands ) is 426932 ; the net income of retained earnings ( in thousands ) is 345777 ; the balance dec...
CDNS/2018/page_66.pdf-1
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from the adoption of revenue from contracts with customers ( topic 606 ) is presented net of the related income tax effect of $ 17.5 million . new accounting standards not yet adopted leases in february 2016 , the fasb issued asu 2016-02 , 201cleases ( topic 842 ) , 201d requiring , among other things , the recognitio...
CDNS/2018/page_66.pdf-1
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the new standard is effective for cadence in the first quarter of fiscal 2019 . a modified retrospective approach is required , applying the new standard to leases existing as of the date of initial application . an entity may choose to apply the standard as of either its effective date or the beginning of the earlies...
CDNS/2018/page_66.pdf-1
CDNS/2018/page_66.pdf
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consequently , financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods prior to the first quarter of fiscal 2019 . cadence elected certain practical expedients permitted under the transition guidance within the new standard , which among ...
CDNS/2018/page_66.pdf-1
CDNS/2018/page_66.pdf
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table of contents in this form 10-k , we discuss non-gaap income before income taxes , non-gaap net income , non-gaap net income per diluted share , ebitda , adjusted ebitda and adjusted ebitda margin , which are non-gaap financial measures . we believe these measures provide analysts , investors and management with he...
CDW/2017/page_38.pdf-1
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0
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management uses these measures to evaluate period-over-period performance as management believes they provide a more comparable measure of the underlying business . additionally , adjusted ebitda is a measure in the credit agreement governing our senior secured term loan facility ( 201cterm loan 201d ) , which is used...
CDW/2017/page_38.pdf-1
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for further details regarding the term loan , see long-term debt and financing arrangements within management 2019s discussion and analysis of financial condition and results of operations and note 10 ( long-term debt ) to the accompanying consolidated financial statements . for the definitions of non-gaap income befo...
CDW/2017/page_38.pdf-1
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( dollars in millions ) the net sales of years ended december 31 , 2017 is $ 15191.5 ; the net sales of years ended december 31 , 2016 is $ 13981.9 ; the net sales of years ended december 31 , 2015 is $ 12988.7 ; ( dollars in millions ) the gross profit of years ended december 31 , 2017 is 2449.9 ; the gross profit of...
CDW/2017/page_38.pdf-1
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207_4
, 2016 is 2327.2 ; the gross profit of years ended december 31 , 2015 is 2115.8 ; ( dollars in millions ) the income from operations of years ended december 31 , 2017 is 866.1 ; the income from operations of years ended december 31 , 2016 is 819.2 ; the income from operations of years ended december 31 , 2015 is 742.0...
CDW/2017/page_38.pdf-1
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net income of years ended december 31 , 2017 is 523.0 ; the net income of years ended december 31 , 2016 is 424.4 ; the net income of years ended december 31 , 2015 is 403.1 ; ( dollars in millions ) the non-gaap net income of years ended december 31 , 2017 is 605.8 ; the non-gaap net income of years ended december 31...
CDW/2017/page_38.pdf-1
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69.0 ; the non-gaap net income of years ended december 31 , 2015 is 503.5 ; ( dollars in millions ) the adjusted ebitda of years ended december 31 , 2017 is 1185.6 ; the adjusted ebitda of years ended december 31 , 2016 is 1117.3 ; the adjusted ebitda of years ended december 31 , 2015 is 1018.5 ; ( dollars in millions ...
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daily sales of years ended december 31 , 2017 is 59.8 ; the average daily sales of years ended december 31 , 2016 is 55.0 ; the average daily sales of years ended december 31 , 2015 is 51.1 ; ( dollars in millions ) the net debt ( 1 ) of years ended december 31 , 2017 is 3091.3 ; the net debt ( 1 ) of years ended dece...
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3,338
207_8
970.7 ; the net debt ( 1 ) of years ended december 31 , 2015 is 3222.1 ; ( dollars in millions ) the cash conversion cycle ( in days ) ( 2 ) of years ended december 31 , 2017 is 19 ; the cash conversion cycle ( in days ) ( 2 ) of years ended december 31 , 2016 is 19 ; the cash conversion cycle ( in days ) ( 2 ) of year...
CDW/2017/page_38.pdf-1
CDW/2017/page_38.pdf
8
3,338
3,688
207_9
21 ; net debt ( 1 ) 3091.3 2970.7 3222.1 cash conversion cycle ( in days ) ( 2 ) 19 19 21 ( 1 ) defined as total debt minus cash and cash equivalents . ( 2 ) cash conversion cycle is defined as days of sales outstanding in accounts receivable and certain receivables due from vendors plus days of supply in merchandise i...
CDW/2017/page_38.pdf-1
CDW/2017/page_38.pdf
9
3,688
4,157
216_0
notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and uncommitted lines of credit of certain subsidiaries .
IPG/2017/page_92.pdf-1
IPG/2017/page_92.pdf
0
0
281
216_1
the amount of parent company guarantees on lease obligations was $ 829.2 and $ 857.3 as of december 31 , 2017 and 2016 , respectively , and the amount of parent company guarantees primarily relating to uncommitted lines of credit was $ 491.0 and $ 395.6 as of december 31 , 2017 and 2016 , respectively .
IPG/2017/page_92.pdf-1
IPG/2017/page_92.pdf
1
281
586
216_2
in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee . as of december 31 , 2017 , there were no material assets pledged as security for such parent company guarantees . contingent acquisition obligations ...
IPG/2017/page_92.pdf-1
IPG/2017/page_92.pdf
2
586
1,025
216_3
the deferred acquisition payments of 2018 is $ 41.9 ; the deferred acquisition payments of 2019 is $ 27.5 ; the deferred acquisition payments of 2020 is $ 16.1 ; the deferred acquisition payments of 2021 is $ 24.4 ; the deferred acquisition payments of 2022 is $ 4.8 ; the deferred acquisition payments of thereafter is...
IPG/2017/page_92.pdf-1
IPG/2017/page_92.pdf
3
1,025
1,458
216_4
options with affiliates1 of 2018 is 37.1 ; the redeemable noncontrolling interests and call options with affiliates1 of 2019 is 26.4 ; the redeemable noncontrolling interests and call options with affiliates1 of 2020 is 62.9 ; the redeemable noncontrolling interests and call options with affiliates1 of 2021 is 10.3 ; ...
IPG/2017/page_92.pdf-1
IPG/2017/page_92.pdf
4
1,458
1,912
216_5
call options with affiliates1 of thereafter is 4.1 ; the redeemable noncontrolling interests and call options with affiliates1 of total is 147.4 ; the total contingent acquisition payments of 2018 is $ 79.0 ; the total contingent acquisition payments of 2019 is $ 53.9 ; the total contingent acquisition payments of 202...
IPG/2017/page_92.pdf-1
IPG/2017/page_92.pdf
5
1,912
2,364
216_6
1.4 ; the total contingent acquisition payments of thereafter is $ 10.4 ; the total contingent acquisition payments of total is $ 268.4 ; 1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions . the estimated amounts listed wo...
IPG/2017/page_92.pdf-1
IPG/2017/page_92.pdf
6
2,364
2,906
216_7
these estimated payments of $ 24.8 are included within the total payments expected to be made in 2018 , and will continue to be carried forward into 2019 or beyond until exercised or expired . redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable re...
IPG/2017/page_92.pdf-1
IPG/2017/page_92.pdf
7
2,906
3,607
216_8
see note 4 for further information relating to the payment structure of our acquisitions . legal matters in the normal course of business , we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities . the types of alle...
IPG/2017/page_92.pdf-1
IPG/2017/page_92.pdf
8
3,607
4,102
216_9
we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated . in certain cases , we cannot reasonably estim...
IPG/2017/page_92.pdf-1
IPG/2017/page_92.pdf
9
4,102
4,508
216_10
while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations o...
IPG/2017/page_92.pdf-1
IPG/2017/page_92.pdf
10
4,508
5,151
216_11
the company had previously investigated the matter and taken a number of remedial and disciplinary actions . the company is in the process of concluding a settlement related to these matters with government agencies . the company confirmed that one of its standalone domestic agencies has been contacted by the departme...
IPG/2017/page_92.pdf-1
IPG/2017/page_92.pdf
11
5,151
5,596
218_0
notes to consolidated financial statements 2014 ( continued ) note 10 2014shareholders 2019 equity on april 23 , 2010 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100.0 million of global payments 2019 stock in the open market or as otherwise may be determined by u...
GPN/2010/page_87.pdf-1
GPN/2010/page_87.pdf
0
0
399
218_1
under this authorization , we repurchased 2382890 shares of our common stock at a cost of $ 100.0 million , or an average of $ 41.97 per share , including commissions . repurchased shares are held as treasury stock . in addition , we have $ 13.0 million remaining under the authorization from our original share repurch...
GPN/2010/page_87.pdf-1
GPN/2010/page_87.pdf
1
399
901
218_2
this authorization has no expiration date and may be suspended or terminated at any time . note 11 2014share-based awards and options as of may 31 , 2010 , we have four share-based employee compensation plans . for all share-based awards granted after june 1 , 2006 , compensation expense is recognized on a straight-li...
GPN/2010/page_87.pdf-1
GPN/2010/page_87.pdf
2
901
1,390
218_3
non-qualified stock options and restricted stock have been granted to officers , key employees and directors under the global payments inc . 2000 long-term incentive plan , as amended and restated ( the 201c2000 plan 201d ) , the global payments inc .
GPN/2010/page_87.pdf-1
GPN/2010/page_87.pdf
3
1,390
1,642
218_4
amended and restated 2005 incentive plan ( the 201c2005 plan 201d ) , and an amended and restated 2000 non-employee director stock option plan ( the 201cdirector plan 201d ) ( collectively , the 201cplans 201d ) . effective with the adoption of the 2005 plan , there are no future grants under the 2000 plan .
GPN/2010/page_87.pdf-1
GPN/2010/page_87.pdf
4
1,642
1,952
218_5
shares available for future grant as of may 31 , 2010 are 2.7 million for the 2005 plan and 0.4 million for the director plan . certain executives are also granted performance-based restricted stock units ( 201crsu 201ds ) . rsus represent the right to earn shares of global stock if certain performance measures are ac...
GPN/2010/page_87.pdf-1
GPN/2010/page_87.pdf
5
1,952
2,400
218_6
rsus are converted to a stock grant only if the company 2019s performance during the fiscal year exceeds pre-established goals the following table summarizes the share-based compensation cost charged to income for ( i ) all stock options granted , ( ii ) our employee stock purchase plan , and ( iii ) our restricted st...
GPN/2010/page_87.pdf-1
GPN/2010/page_87.pdf
6
2,400
2,864
218_7
the share-based compensation cost of 2010 is $ 18.1 ; the share-based compensation cost of 2009 is $ 14.6 ; the share-based compensation cost of 2008 is $ 13.8 ; the income tax benefit of 2010 is $ -6.3 ( 6.3 ) ; the income tax benefit of 2009 is $ -5.2 ( 5.2 ) ; the income tax benefit of 2008 is $ -4.9 ( 4.9 ) ;
GPN/2010/page_87.pdf-1
GPN/2010/page_87.pdf
7
2,864
3,179
218_8
stock options stock options are granted at 100% ( 100 % ) of fair market value on the date of grant and have 10-year terms . stock options granted vest one year after the date of grant with respect to 25% ( 25 % ) of the shares granted , an additional 25% ( 25 % ) after two years , an additional 25% ( 25 % ) after thr...
GPN/2010/page_87.pdf-1
GPN/2010/page_87.pdf
8
3,179
3,628
218_9
we have historically issued new shares to satisfy the exercise of options. .
GPN/2010/page_87.pdf-1
GPN/2010/page_87.pdf
9
3,628
3,705
220_0
management 2019s discussion and analysis balance sheet analysis and metrics as of december 2013 , total assets on our consolidated statements of financial condition were $ 911.51 billion , a decrease of $ 27.05 billion from december 2012 . this decrease was primarily due to a decrease in financial instruments owned , a...
GS/2013/page_63.pdf-1
GS/2013/page_63.pdf
0
0
443
220_1
government and agency obligations , derivatives and commodities , and a decrease in other assets of $ 17.11 billion , primarily due to the sale of a majority stake in our americas reinsurance business in april 2013 . these decreases were partially offset by an increase in collateralized agreements of $ 48.07 billion ,...
GS/2013/page_63.pdf-1
GS/2013/page_63.pdf
1
443
797
220_2
as of december 2013 , total liabilities on our consolidated statements of financial condition were $ 833.04 billion , a decrease of $ 29.80 billion from december 2012 .
GS/2013/page_63.pdf-1
GS/2013/page_63.pdf
2
797
966
220_3
this decrease was primarily due to a decrease in other liabilities and accrued expenses of $ 26.35 billion , primarily due to the sale of a majority stake in both our americas reinsurance business in april 2013 and our european insurance business in december 2013 , and a decrease in collateralized financings of $ 9.24...
GS/2013/page_63.pdf-1
GS/2013/page_63.pdf
3
966
1,456
220_4
as of december 2013 , our total securities sold under agreements to repurchase , accounted for as collateralized financings , were $ 164.78 billion , which was 5% ( 5 % ) higher and 4% ( 4 % ) higher than the daily average amount of repurchase agreements during the quarter ended and year ended december 2013 , respecti...
GS/2013/page_63.pdf-1
GS/2013/page_63.pdf
4
1,456
1,945