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CCO » Topics » Share-based Compensation Cost

This excerpt taken from the CCO 10-Q filed May 11, 2009.

Share-based Compensation Cost

Share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense on a straight-line basis over the vesting period. The following table details compensation costs related to share-based payments for the three months ended March 31, 2009 and 2008:

 

     Three Months Ended
March 31,
(In thousands)    2009
Post-merger		    2008
Pre-merger

Direct operating expenses

    $ 2,069    $ 1,420

Selling, general and administrative expenses

      755      510

Corporate expenses

      222      178
             

Total share-based payments

    $ 3,046    $ 2,108
             

As of March 31, 2009, there was $22.6 million of total unrecognized compensation cost, net of estimated forfeitures, related to unvested share-based compensation arrangements. This cost is expected to be recognized over a weighted average period of approximately two years.

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