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This excerpt taken from the EBAY 10-Q filed Oct 29, 2007. Restricted
Stock Units and Nonvested Shares
The following table summarizes restricted stock unit activity
for the nine months ended September 30, 2007 (in thousands):
In general, restricted stock units vest over three to five years
and are subject to an employee’s continuing service to
eBay. The cost of restricted stock units is determined using the
fair value of our common stock on the date of the grant. The
weighted average grant date fair value for restricted stock
units awarded during the period was $32.59 per share. During the
first quarter of 2007, restricted stock units were awarded as
part of our annual incentive compensation review for the first
time.
During the nine months ended September 30, 2007, there was
no significant activity in nonvested shares.
On January 1, 2007, we adopted the provisions of FASB
Interpretation No. 48, “Accounting for Uncertainty in
Income Taxes.” As of January 1, 2007, we had
$385.7 million of liabilities for unrecognized tax
benefits. If recognized, the portion of liabilities for
unrecognized tax benefits that would decrease our provision for
income taxes and increase our net income is $279.6 million.
The impact on net income reflects the liabilities for
unrecognized tax benefits net of certain deferred tax assets and
the federal tax benefit of state income tax items. The adoption
resulted in a reclassification of certain tax liabilities from
current to non-current and had no significant cumulative impact
to retained earnings.
As of September 30, 2007, our liabilities for unrecognized
tax benefits were $489.5 million and are included in
deferred and other tax liabilities, net. The total liabilities
for unrecognized tax benefits and the increase for the current
period of these liabilities relate primarily to the allocations
of revenue and costs among our global
Table of Contents
eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
operations. Over the next twelve months, our existing tax
positions will continue to generate an increase in liabilities
for unrecognized tax benefits. We recognize interest
and/or
penalties related to uncertain tax positions in income tax
expense. The amount of interest and penalties accrued at
September 30, 2007 was approximately $9.4 million.
We are subject to taxation in the U.S. and various states
and foreign jurisdictions. We are under examination by certain
tax authorities for the 2003 tax year. The material
jurisdictions that are subject to examination by tax authorities
for tax years after 2002 primarily include the U.S., California,
Switzerland and Singapore.
During the three months ended September 30, 2007, our
effective tax rate was impacted by the non-deductible goodwill
impairment charge and a tax benefit, including amounts related
to prior periods, from a favorable ruling issued by a tax
authority.
Table of Contents
This excerpt taken from the EBAY 10-Q filed Jul 27, 2007. Restricted
Stock Units and Nonvested Shares
The following table summarizes restricted stock units activity
for the six months ended June 30, 2007 (in thousands):
In general, restricted stock units vest over three to five years
and are subject to the employees’ continuing service to the
company. The cost of restricted stock units is determined using
the fair value of our common stock on the date of the grant. The
weighted average grant date fair value for restricted stock
units awarded during the period was $32.08 per share. During the
first quarter of 2007, restricted stock units were awarded as
part of our annual incentive compensation review for the first
time.
During the six-months ended June 30, 2007, there was no
significant activity in nonvested shares.
On January 1, 2007, we adopted the provisions of FASB
Interpretation No. 48, Accounting for Uncertainty in
Income Taxes (“FIN 48”). As of
January 1, 2007, we had $385.7 million of liabilities
for unrecognized tax benefits. If recognized, the portion of
liabilities for unrecognized tax benefits that would decrease
our provision for income taxes and increase our net income is
$279.6 million. The impact on net income reflects the
liabilities for unrecognized tax benefits net of certain
deferred tax assets and the federal tax benefit of state income
tax items. The adoption resulted in a reclassification of
certain tax liabilities from current to non-current and had no
significant cumulative impact to retained earnings.
Table of Contents
eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
As of June 30, 2007, our liabilities for unrecognized tax
benefits were $438.1 million and are included in deferred
and other tax liabilities, net. The total liabilities for
unrecognized tax benefits and the increase for the current
period of these liabilities relate primarily to the allocations
of revenue and costs among our global operations. Over the next
twelve months, our existing tax positions will continue to
generate an increase in liabilities for unrecognized tax
benefits. We recognize interest
and/or
penalties related to uncertain tax positions in income tax
expense. The amount of interest and penalties accrued at
June 30, 2007 was approximately $7.3 million.
We are subject to taxation in the U.S. and various states
and foreign jurisdictions. We are under examination by certain
tax authorities for the 2003 tax year. The material
jurisdictions that are subject to examination by tax authorities
for tax years after 2002 primarily include California, the U.S.,
Singapore and Switzerland.
Table of Contents
This excerpt taken from the EBAY 10-K filed Feb 28, 2007. Restricted
Stock Units and Nonvested Shares
Restricted stock units and nonvested shares were awarded to
employees under our equity incentive plans. In general,
restricted stock units and nonvested shares vest over three to
five years and are subject to the employees’ continuing
service to the company. The cost of restricted stock units and
nonvested shares is determined using the fair value of our
common stock on the date of the grant. The compensation expense
is recognized over the vesting period.
Table of Contents
eBay
Inc.
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
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