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These excerpts taken from the ACI 10-K filed Mar 1, 2010. Stock-Based
Compensation
The compensation cost of all stock-based awards is determined
based on the grant-date fair value of the award, and is
recognized in income over the requisite service period
(typically the vesting period of the award). The remaining
unrecognized compensation cost of grants that were not vested at
January 1, 2006, was determined based on the same estimate
of the grant-date fair value and the same recognition method
used previously, and is also reflected in income over the
remaining service period after that date. The grant-date fair
value of option awards is determined using a Black-Scholes
option pricing model. For awards paid out in a combination of
cash and stock, the cash portion of the plan is accounted for as
a liability, based on the estimated payout under the awards. The
stock portion is recorded utilizing the grant-date fair value of
the award, based on a lattice model valuation. Compensation cost
for an award with performance conditions is accrued if it is
probable that the conditions will be met.
Stock-Based
Compensation
The compensation cost of all stock-based awards is determined
based on the grant-date fair value of the award, and is
recognized in income over the requisite service period
(typically the vesting period of the award). The remaining
unrecognized compensation cost of grants that were not vested at
January 1, 2006, was determined based on the same estimate
of the grant-date fair value and the same recognition method
used previously, and is also reflected in income over the
remaining service period after that date. The grant-date fair
value of option awards is determined using a Black-Scholes
option pricing model. For awards paid out in a combination of
cash and stock, the cash portion of the plan is accounted for as
a liability, based on the estimated payout under the awards. The
stock portion is recorded utilizing the grant-date fair value of
the award, based on a lattice model valuation. Compensation cost
for an award with performance conditions is accrued if it is
probable that the conditions will be met. See further discussion
in Note 17, “Stock Based Compensation and Other
Incentive Plans.”
These excerpts taken from the ACI 10-K filed Feb 27, 2009. Stock-Based
Compensation
As of January 1, 2006, we adopted Statement of Financial
Accounting Standards No. 123 (revised 2004), Share-Based
Payment, which we refer to as Statement No. 123R, which
requires all public companies to measure compensation cost in
the income statement for all share-based payments (including
employee stock options) at fair value. We adopted Statement
No. 123R using the modified-prospective method. Under this
method, the provisions of Statement No. 123R apply to all
awards granted or modified after the adoption date. For awards
that were granted prior to, but not vested as of, the adoption
of Statement No. 123R, we determined unrecognized
compensation cost based on the same estimate of the grant-date
fair value and the same recognition method used previously under
Statement No. 123, which will be reflected in income in
periods after adoption. We use the Black-Scholes option pricing
model for option valuations and a lattice model for valuations
of share-based awards with performance and market conditions
that are paid out in stock.
Stock-Based Compensation As of January 1, 2006, we adopted Statement of Financial Accounting Standards No. 123 (revised 2004), Share-Based Payment, which we refer to as Statement No. 123R, which requires all public companies to measure compensation cost in the income statement for all share-based payments (including employee stock options) at fair value. We adopted Statement No. 123R using the modified-prospective method. Under this method, the provisions of Statement No. 123R apply to all awards granted or modified after the adoption date. For awards that were granted prior to, but not vested as of, the adoption of Statement No. 123R, we determined unrecognized compensation cost based on the same estimate of the grant-date fair value and the same recognition method used previously under Statement No. 123, which will be reflected in income in periods after adoption. We use the Black-Scholes option pricing model for option valuations and a lattice model for valuations of share-based awards with performance and market conditions that are paid out in stock. Stock-Based
Compensation
As of January 1, 2006, the Company adopted Statement of
Financial Accounting Standards No. 123 (revised 2004),
Share-Based Payment (“Statement
No. 123R”), which requires all public companies to
measure compensation cost in the statement of income for all
share-based payments (including employee stock options) at fair
value. Prior to the adoption of Statement No. 123R, the
Company accounted for its stock options under the intrinsic
value method prescribed by Accounting Principles Board Opinion
No. 25, Accounting for Stock Issued to Employees
(“APB 25”) and related interpretations, as
permitted by Statement of Financial Accounting Standards
No. 123, Accounting for Stock-Based Compensation, as
amended by Statement of Financial Accounting Standards
No. 148, Accounting for Stock-Based
Compensation — Transition and Disclosure
(“Statement No. 123”). The Company adopted
Statement No. 123R using the modified-prospective method.
Under this method, the provisions of Statement No. 123R
apply to all awards granted or modified after the adoption date.
For awards that were granted prior to, but not vested as of, the
adoption of Statement No. 123R, unrecognized compensation
cost was determined based on the same estimate of the grant-date
fair value and the same recognition method used previously under
Statement No. 123 and will be reflected in income in
periods after adoption. The effects of adoption on retained
earnings, net income and the consolidated statement of cash
flows for the year ended December 31, 2006 was
insignificant. See further discussion in Note 16,
“Stock Based Compensation and Other Incentive Plans.”
Stock-Based Compensation As of January 1, 2006, the Company adopted Statement of Financial Accounting Standards No. 123 (revised 2004), Share-Based Payment (“Statement No. 123R”), which requires all public companies to measure compensation cost in the statement of income for all share-based payments (including employee stock options) at fair value. Prior to the adoption of Statement No. 123R, the Company accounted for its stock options under the intrinsic value method prescribed by Accounting Principles Board Opinion No. 25, Accounting for Stock Issued to Employees (“APB 25”) and related interpretations, as permitted by Statement of Financial Accounting Standards No. 123, Accounting for Stock-Based Compensation, as amended by Statement of Financial Accounting Standards No. 148, Accounting for Stock-Based Compensation — Transition and Disclosure (“Statement No. 123”). The Company adopted Statement No. 123R using the modified-prospective method. Under this method, the provisions of Statement No. 123R apply to all awards granted or modified after the adoption date. For awards that were granted prior to, but not vested as of, the adoption of Statement No. 123R, unrecognized compensation cost was determined based on the same estimate of the grant-date fair value and the same recognition method used previously under Statement No. 123 and will be reflected in income in periods after adoption. The effects of adoption on retained earnings, net income and the consolidated statement of cash flows for the year ended December 31, 2006 was insignificant. See further discussion in Note 16, “Stock Based Compensation and Other Incentive Plans.” These excerpts taken from the ACI 10-K filed Feb 29, 2008. Stock-Based
Compensation
As of January 1, 2006, the Company adopted Statement of
Financial Accounting Standards No. 123 (revised 2004),
Share-Based Payment (“Statement
No. 123R”), which requires all public companies to
measure compensation cost in the statement of income for all
share-based payments (including employee stock options) at fair
value. Prior to the adoption of Statement No. 123R, the
Company accounted for its stock options under the intrinsic
value method prescribed by Accounting Principles Board Opinion
No. 25, Accounting for Stock Issued to Employees
(“APB 25”) and related interpretations, as
permitted by Statement of Financial Accounting Standards
No. 123, Accounting for Stock-Based Compensation, as
amended by Statement of Financial Accounting Standards
No. 148, Accounting for Stock-Based
Compensation — Transition and Disclosure
(“Statement No. 123”). The Company adopted
Statement No. 123R using the modified-prospective method.
Under this method, compensation cost for share-based payments to
employees is based on their grant-date fair value from the
adoption date forward. Measurement and recognition of
compensation cost for awards that were granted prior to, but not
vested as of, the date Statement No. 123R was adopted are
based on the same estimate of the grant-date fair value and the
same recognition method used previously under Statement
No. 123. The effects of
Table of Contents
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
adoption on retained earnings, net income and the Consolidated
Statement of Cash Flows for the year ended December 31,
2006 were insignificant. See further discussion in Note 16,
“Stock Based Compensation and Other Incentive Plans.”
Stock-Based Compensation As of January 1, 2006, the Company adopted Statement of Financial Accounting Standards No. 123 (revised 2004), Share-Based Payment (“Statement No. 123R”), which requires all public companies to measure compensation cost in the statement of income for all share-based payments (including employee stock options) at fair value. Prior to the adoption of Statement No. 123R, the Company accounted for its stock options under the intrinsic value method prescribed by Accounting Principles Board Opinion No. 25, Accounting for Stock Issued to Employees (“APB 25”) and related interpretations, as permitted by Statement of Financial Accounting Standards No. 123, Accounting for Stock-Based Compensation, as amended by Statement of Financial Accounting Standards No. 148, Accounting for Stock-Based Compensation — Transition and Disclosure (“Statement No. 123”). The Company adopted Statement No. 123R using the modified-prospective method. Under this method, compensation cost for share-based payments to employees is based on their grant-date fair value from the adoption date forward. Measurement and recognition of compensation cost for awards that were granted prior to, but not vested as of, the date Statement No. 123R was adopted are based on the same estimate of the grant-date fair value and the same recognition method used previously under Statement No. 123. The effects of
Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) adoption on retained earnings, net income and the Consolidated Statement of Cash Flows for the year ended December 31, 2006 were insignificant. See further discussion in Note 16, “Stock Based Compensation and Other Incentive Plans.” This excerpt taken from the ACI 10-K filed Mar 1, 2007. Stock-Based
Compensation |
As of January 1, 2006, we adopted Statement of Financial
Accounting Standards No. 123 (revised 2004), Share-Based
Payment, which we refer to as Statement No. 123R, which
requires all public companies to measure compensation cost in
the income statement for all share-based payments (including
employee stock options) at fair value. We adopted Statement
No. 123R using the modified-prospective method. Under this
method, compensation cost for share-based payments to employees
is based on their grant-date fair value from the beginning of
the fiscal period in which the recognition provisions are first
applied. Measurement and recognition of compensation cost for
awards that were granted prior to, but not vested as of, the
date Statement No. 123R was adopted are based on the same
estimate of the grant-date fair value and the same recognition
method used previously under Statement No. 123. We use the
Black-Scholes option pricing model for options and a lattice
model at the grant date for the portion of share-based payments
with performance and market conditions that is paid out in stock
to determine the fair value. As of December 31, 2006, a $1
increase in our stock price would have resulted in additional
expense of $0.1 million for the year ended
December 31, 2006.
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