AN » Topics » Compensation Expense

This excerpt taken from the AN 10-K filed Feb 17, 2010.

Compensation Expense

The following table summarizes the total stock-based compensation expense recognized in selling, general, and administrative expenses in the Consolidated Statements of Operations:

 

           2009                2008                2007      

Stock options (1)

     $ 12.5      $ 20.6      $ 15.3

Restricted stock

     1.0      0.4      -    
                    

Total stock-based compensation expense

     $ 13.5      $ 21.0      $ 15.3
                    

(1) Stock-based compensation expense during 2008 includes $5.3 million of additional stock-based compensation expense that was recorded in the second quarter of 2008 to reflect the correction of our expense attribution method to accelerate stock-based compensation expense for employees who were or will become retirement-eligible prior to the stated vesting period of the award.

As of December 31, 2009, there was $12.8 million of total unrecognized compensation cost related to non-vested stock-based compensation arrangements, of which $10.5 million relates to stock options and $2.3 million relates to restricted stock. These amounts are expected to be recognized over a weighted average period of 1.6 years.

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