HOTT » Topics » Accounting for Stock-Based Compensation Expense

This excerpt taken from the HOTT 10-Q filed May 27, 2009.

Accounting for Stock-Based Compensation Expense

We compute stock-based compensation pursuant to Statement of Financial Accounting Standards, or SFAS, No. 123R “Share Based Payments,” or SFAS 123R.

The effect of recording stock-based compensation for the three months ended May 2, 2009 and May 3, 2008 was as follows (in thousands, except per share amounts):

 

     Three Months Ended  
     May 2, 2009     May 3, 2008  

Stock-based compensation by type of award:

    

Employee stock options and awards

   $ 931     $ 883  

Restricted stock units

     121       41  

Employee stock purchase plan

     37       32  
                

Total stock-based compensation expense

   $ 1,089     $ 956  

Tax effect on stock-based compensation expense

     (405 )     (341 )
                

Net effect on net income

   $ 684     $ 615  
                

Effect on earnings per share:

    

Basic and diluted

   $ 0.02     $ 0.01  
                

For the three months ended May 2, 2009 and May 3, 2008, $140,000 and $201,000, respectively, of stock and equity awards compensation expense was recorded as a component of cost of goods sold and the remainder, $949,000 and $755,000, respectively, was charged to selling, general and administrative expense.

 

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As of May 2, 2009 and May 3, 2008, we had $9.5 million and $9.4 million, respectively, of unrecognized expense related to non-vested stock option grants, which are expected to be recognized over weighted average periods of 2.95 years and 3.12 years, respectively.

As of May 2, 2009 and May 3, 2008, we had $13,000 each year of unrecognized expense related to restricted stock grants, which are expected to be recognized over weighted average periods of 0.11 years and 0.12 years, respectively.

These excerpts taken from the HOTT 10-K filed Mar 24, 2009.

Accounting for Stock-Based Compensation Expense

We compute stock-based compensation pursuant to SFAS 123R.

The effect of recording stock-based compensation for the years ended January 31, 2009, February 2, 2008 and February 3, 2007 was as follows (in thousands, except per share amounts):

 

     Years Ended  

Stock-based compensation by type of award:

   January 31,
2009
    February 2,
2008
    February 3,
2007
 

Employee stock options and awards

   $ 3,794     $ 3,557     $ 4,036  

Restricted stock units, net of adjustments

     203       —         —    

Employee stock purchase plan

     117       101       219  
                        

Total stock-based compensation expense

   $ 4,114     $ 3,658     $ 4,255  

Tax effect on stock-based compensation expense

     (1,514 )     (1,209 )     (1,180 )
                        

Net effect on net income

   $ 2,600     $ 2,449     $ 3,075  
                        

Effect on earnings per share:

      

Basic and diluted

   $ 0.06     $ 0.06     $ 0.07  
                        

For the years ended January 31, 2009, February 2, 2008 and February 3, 2007, $620,000, $752,000 and $668,000, respectively, of stock and equity awards compensation expense was recorded as a component of cost of goods sold and the remainder, $3,494,000, $2,906,000 and $3,587,000, respectively, was charged to selling, general and administrative expense.

As of January 31, 2009, we had $6.6 million of unrecognized expense related to non-vested stock option grants, which is expected to be recognized over a weighted average period of 2.66 years.

As of January 31, 2009, we had $0.1 million of unrecognized expense related to restricted stock grants, which is expected to be recognized over a weighted average period of 0.36 years.

Accounting for Stock-Based Compensation Expense

We compute stock-based compensation pursuant to SFAS 123R.

The effect of recording stock-based compensation for the years ended January 31, 2009, February 2, 2008 and February 3, 2007 was as follows (in thousands, except per share amounts):

 

     Years Ended  

Stock-based compensation by type of award:

   January 31,
2009
    February 2,
2008
    February 3,
2007
 

Employee stock options and awards

   $ 3,794     $ 3,557     $ 4,036  

Restricted stock units, net of adjustments

     203       —         —    

Employee stock purchase plan

     117       101       219  
                        

Total stock-based compensation expense

   $ 4,114     $ 3,658     $ 4,255  

Tax effect on stock-based compensation expense

     (1,514 )     (1,209 )     (1,180 )
                        

Net effect on net income

   $ 2,600     $ 2,449     $ 3,075  
                        

Effect on earnings per share:

      

Basic and diluted

   $ 0.06     $ 0.06     $ 0.07  
                        

For the years ended January 31, 2009, February 2, 2008 and February 3, 2007, $620,000, $752,000 and $668,000, respectively, of stock and equity awards compensation expense was recorded as a component of cost of goods sold and the remainder, $3,494,000, $2,906,000 and $3,587,000, respectively, was charged to selling, general and administrative expense.

As of January 31, 2009, we had $6.6 million of unrecognized expense related to non-vested stock option grants, which is expected to be recognized over a weighted average period of 2.66 years.

As of January 31, 2009, we had $0.1 million of unrecognized expense related to restricted stock grants, which is expected to be recognized over a weighted average period of 0.36 years.

Accounting for Stock-Based Compensation Expense

We compute stock-based compensation pursuant to SFAS 123R.

The effect of recording stock-based compensation for the years ended January 31, 2009, February 2, 2008 and February 3, 2007 was as follows (in thousands, except per share amounts):

 

     Years Ended  

Stock-based compensation by type of award:

   January 31,
2009
    February 2,
2008
    February 3,
2007
 

Employee stock options and awards

   $ 3,794     $ 3,557     $ 4,036  

Restricted stock units, net of adjustments

     203       —         —    

Employee stock purchase plan

     117       101       219  
                        

Total stock-based compensation expense

   $ 4,114     $ 3,658     $ 4,255  

Tax effect on stock-based compensation expense

     (1,514 )     (1,209 )     (1,180 )
                        

Net effect on net income

   $ 2,600     $ 2,449     $ 3,075  
                        

Effect on earnings per share:

      

Basic and diluted

   $ 0.06     $ 0.06     $ 0.07  
                        

For the years ended January 31, 2009, February 2, 2008 and February 3, 2007, $620,000, $752,000 and $668,000, respectively, of stock and equity awards compensation expense was recorded as a component of cost of goods sold and the remainder, $3,494,000, $2,906,000 and $3,587,000, respectively, was charged to selling, general and administrative expense.

As of January 31, 2009, we had $6.6 million of unrecognized expense related to non-vested stock option grants, which is expected to be recognized over a weighted average period of 2.66 years.

As of January 31, 2009, we had $0.1 million of unrecognized expense related to restricted stock grants, which is expected to be recognized over a weighted average period of 0.36 years.

This excerpt taken from the HOTT 10-Q filed Nov 25, 2008.

Accounting for Stock-Based Compensation Expense

We compute stock-based compensation pursuant to Statement of Financial Accounting Standards, or SFAS, No. 123R “Share Based Payments,” or SFAS 123R.

The effect of recording stock-based compensation for the three months and nine months ended November 1, 2008 and November 3, 2007 was as follows (in thousands, except per share amounts):

 

     Three Months Ended     Nine Months Ended  
     November 1,
2008
    November 3,
2007
    November 1,
2008
    November 3,
2007
 

Stock-based compensation by type of award:

        

Employee stock options and awards

   $ 946     $ 878     $ 2,799     $ 2,700  

Restricted stock units, net of adjustments

     (19 )     (212 )     96       —    

Employee stock purchase plan, net of adjustments

     27       33       90       67  
                                

Total stock-based compensation expense

   $ 954     $ 699     $ 2,985     $ 2,767  

Tax effect on stock-based compensation expense

     (351 )     (159 )     (1,087 )     (888 )
                                

Net effect on net income

   $ 603     $ 540     $ 1,898     $ 1,879  
                                

Effect on earnings per share:

        

Basic and diluted

   $ 0.01     $ 0.01     $ 0.04     $ 0.04  
                                

For the three months ended November 1, 2008 and November 3, 2007, $121,000 and $187,000, respectively, of stock and equity awards compensation expense was recorded as a component of cost of goods sold and the remainder, $833,000 and $512,000, respectively, was charged to selling, general and administrative expense.

For the nine months ended November 1, 2008 and November 3, 2007, $500,000 and $572,000, respectively, of stock and equity awards compensation expense was recorded as a component of cost of goods sold and the remainder, $2,485,000 and $2,195,000, respectively, was charged to selling, general and administrative expense.

As of November 1, 2008 and November 3, 2007, we had $7.6 million and $8.8 million, respectively, of unrecognized expense related to non-vested stock option grants, which are expected to be recognized over weighted average periods of 2.86 years and 3.02 years, respectively.

As of November 1, 2008 and November 3, 2007, we had $103,000 each year of unrecognized expense related to restricted stock grants, which are each expected to be recognized over a weighted average period of 0.61 years.

This excerpt taken from the HOTT 10-Q filed Aug 26, 2008.

Accounting for Stock-Based Compensation Expense

We compute stock-based compensation pursuant to Statement of Financial Accounting Standards, or SFAS, No. 123R “Share Based Payments,” or SFAS 123R.

The effect of recording stock-based compensation for the three months and six months ended August 2, 2008 and August 4, 2007 was as follows (in thousands, except per share amounts):

 

      Three Months Ended     Six Months Ended  
      August 2,
2008
    August 4,
2007
    August 2,
2008
    August 4,
2007
 

Stock-based compensation by type of award:

        

Employee stock options and awards

   $ 969     $ 897     $ 1,852     $ 1,822  

Restricted stock units, net of adjustments

     75       (71 )     116       212  

Employee stock purchase plan, net of adjustments

     32       (9 )     64       34  
                                

Total stock-based compensation expense

   $ 1,076     $ 817     $ 2,032     $ 2,068  

Tax effect on stock-based compensation expense

     (396 )     (307 )     (737 )     (729 )
                                

Net effect on net loss

   $ 680     $ 510     $ 1,295     $ 1,339  
                                

Effect on loss per share:

        

Basic and diluted

   $ 0.02     $ 0.01     $ 0.03     $ 0.03  
                                

 

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For the three months ended August 2, 2008 and August 4, 2007, $178,000 and $176,000, respectively, of stock and equity awards compensation expense was recorded as a component of cost of goods sold and the remainder, $898,000 and $641,000, respectively, was charged to selling, general and administrative expense.

For the six months ended August 2, 2008 and August 4, 2007, $379,000 and $385,000, respectively, of stock and equity awards compensation expense was recorded as a component of cost of goods sold and the remainder, $1,653,000 and $1,683,000, respectively, was charged to selling, general and administrative expense.

As of August 2, 2008 and August 4, 2007, we had $8.5 million and $11.2 million, respectively, of unrecognized expense related to non-vested stock option grants, which are expected to be recognized over weighted average periods of 3.04 years and 3.24 years, respectively.

As of August 2, 2008 and August 4, 2007, we had $129,000 each year of unrecognized expense related to restricted stock grants, which are expected to be recognized over weighted average periods of 0.85 years and 0.86 years, respectively.

This excerpt taken from the HOTT 10-Q filed May 28, 2008.

Accounting for Stock-Based Compensation Expense

We compute stock-based compensation pursuant to Statement of Financial Accounting Standards, or SFAS, No. 123R “Share Based Payments,” or SFAS 123R.

The effect of recording stock-based compensation for the three months ended May 3, 2008 and May 5, 2007 was as follows:

 

     Three Months Ended  
     May 3,
2008
    May 5,
2007
 

Stock-based compensation by type of award:

    

Employee stock options and awards

   $ 882,841     $ 924,557  

Restricted stock units

     40,969       282,750  

Employee stock purchase plan

     31,796       43,296  
                

Total stock-based compensation expense

   $ 955,606     $ 1,250,603  

Tax effect on stock-based compensation expense

     (340,624 )     (421,588 )
                

Net effect on net loss

   $ 614,982     $ 829,015  
                

Effect on loss per share:

    

Basic and diluted

   $ (0.01 )   $ (0.02 )
                

For the three months ended May 3, 2008 and May 5, 2007, $201,000 and $209,000, respectively, of stock and equity awards compensation expense was recorded as a component of cost of goods sold and the remainder, $755,000 and $1,042,000, respectively, was charged to selling, general and administrative expense.

As of May 3, 2008 and May 5, 2007, we had $9.4 million and $10.8 million, respectively, of unrecognized expense related to non-vested stock option grants, which are expected to be recognized over weighted average periods of 3.12 years and 3.39 years, respectively.

As of May 3, 2008 and May 5, 2007, we had $13,000 each year of unrecognized expense related to restricted stock grants, which are expected to be recognized over weighted average periods of 0.12 years and 0.11 years, respectively.

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