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This excerpt taken from the AAPL 10-Q filed May 5, 2006. Accounting for Stock
Issued to Employees, and instead generally requires that such
transactions be accounted for using a fair-value-based method. The Company uses
the Black-Scholes-Merton (“BSM”) option-pricing model to determine the
fair-value of stock-based awards under SFAS No. 123R, consistent with that
used for pro forma disclosures under SFAS No. 123, This excerpt taken from the AAPL 10-Q filed Feb 3, 2006. Accounting for Stock
Issued to Employees, and instead generally require that such
transactions be accounted for using a fair-value-based method. The Company uses the Black-Scholes-Merton (“BSM”)
option-pricing model to determine the fair-value of stock-based awards under
SFAS No. 123R, consistent with that used for pro forma disclosures under
SFAS No. 123, These excerpts taken from the AAPL 10-K filed Dec 1, 2005. Accounting for Stock Issued to Employees,
and instead requires such transactions be accounted for using a
fair-value-based method. The Company will recognize stock-based compensation
expense on all awards on a straight-line basis over the requisite service
period using the modified prospective method. In January 2005, the SEC
issued SAB No. 107, which provides supplemental implementation guidance
for SFAS No. 123R. SFAS No. 123R will be effective for the Company
beginning in the first quarter of fiscal 2006. The Company expects the adoption
of SFAS No. 123R will result in a reduction of diluted earnings per common
share of approximately $0.03 for the first quarter of fiscal 2006.
In March 2005, the FASB issued Interpretation No. (FIN) 47, Accounting for Stock Issued to Employees, and instead requires such transactions be accounted for using a fair-value-based method. The Company will recognize stock-based compensation expense on all awards on a straight-line basis over the requisite service period using the modified prospective method. In January 2005, the SEC issued SAB No. 107, which provides supplemental implementation guidance for SFAS No. 123R. SFAS No. 123R will be effective for the Company beginning in the first quarter of fiscal 2006. The Company expects the adoption of SFAS No. 123R will result in a reduction of diluted earnings per common share of approximately $0.03 for the first quarter of fiscal 2006. In March 2005, the FASB issued Interpretation No. (FIN) This excerpt taken from the AAPL 10-Q filed Aug 3, 2005. Accounting
for Stock Issued to Employees, and generally would require instead
that such transactions be accounted for using a fair-value-based method. The
Company is currently evaluating SFAS 123R to determine which fair-value-based
model and transitional provision it will follow upon adoption. The options for
transition methods as prescribed in SFAS 123R include either the modified
prospective or the modified retrospective methods. The modified prospective
method requires that compensation expense be recorded for all unvested stock
options and restricted stock as the requisite service is rendered beginning
with the first quarter of adoption, while the modified retrospective method
would record compensation expense for stock options and restricted stock
beginning with the first period restated. Under the modified retrospective
method, prior periods may be restated either as of the beginning of the year of
adoption or for all periods presented.
In April 2005, the SEC deferred the effective date of SFAS 123R to years
beginning after June 15, 2005. Therefore, SFAS 123R will be effective for the
Company beginning in its first quarter of fiscal 2006. Although the Company
will continue to evaluate the application of SFAS 123R, management expects
adoption to have a material impact on the Company’s results of operations.
In March 2005, the FASB issued Interpretation No. (FIN) 47, This excerpt taken from the AAPL 10-Q filed May 4, 2005. Accounting
for Stock Issued to Employees, and generally would require instead
that such transactions be accounted for using a fair-value-based method. The
Company is currently evaluating SFAS 123R to determine which fair-value-based
model and transitional provision it will follow upon adoption. The options for
transition methods as prescribed in SFAS 123R include either the modified
prospective or the modified retrospective methods. The modified prospective
method requires that compensation expense be recorded for all unvested stock
options and restricted stock as the requisite service is rendered beginning
with the first quarter of adoption, while the modified retrospective method
would record compensation expense for stock options and restricted stock
beginning with the first period restated. Under the modified retrospective
method, prior periods may be restated either as of the beginning of the year of
adoption or for all periods presented.
In April 2005, the SEC deferred the effective date of SFAS 123R to
years beginning after June 15, 2005. Therefore, SFAS 123R will be
effective for the Company beginning in its first quarter of fiscal 2006.
Although the Company will continue to evaluate the application of SFAS 123R,
management expects adoption to have a material impact on the Company’s results
of operations.
In March 2005, the FASB issued Interpretation No. (FIN) 47, This excerpt taken from the AAPL 10-Q filed Feb 1, 2005. Accounting for Stock Issued to Employees, and generally
would require instead that such transactions be accounted for using a
fair-value-based method. The Company is currently evaluating SFAS 123R to
determine which fair-value-based model and transitional provision it will
follow upon adoption. The options for transition methods as prescribed in SFAS
123R include either the modified prospective or the modified retrospective
methods. The modified prospective method requires that compensation expense be
recorded for all unvested stock options and restricted stock as the requisite
service is rendered beginning with the first quarter of adoption, while the
modified retrospective method would record compensation expense for stock
options and restricted stock beginning with the first period restated. Under
the modified retrospective method, prior periods may be restated either as of
the beginning of the year of adoption or for all periods presented. SFAS 123R will be effective for the Company
beginning in its fourth quarter of fiscal 2005. Although the Company will
continue to evaluate the application of SFAS 123R, management expects adoption
to have a material impact on the Company’s results of operations.
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