|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the ABM 10-K filed Jan 14, 2005. Stock-Based
Compensation. The Company accounts for
stock-based employee compensation plans using the intrinsic
value method under the recognition and measurement principles of
Accounting Principles Board (“APB”) Opinion
No. 25, “Accounting for Stock Issued to
Employees.” The Company’s application of APB Opinion
No. 25 does not result in compensation cost because the
exercise price of the options is equal to the fair value of the
stock at the grant date. Under the intrinsic value method, if
the fair value of the stock is greater than the exercise price
at grant date, the excess is amortized to compensation expense
over the estimated service life of the recipient.
|
| |||||||
