ITRA » Topics » Unearned Stock-Based Compensation

This excerpt taken from the ITRA 10-K filed Apr 22, 2005.

Unearned Stock-Based Compensation

 

In connection with our acquisition of Janus Technologies, Inc. during the year ended February 28, 2001, we recognized unearned compensation totaling $1.5 million, which was being amortized over the vesting periods of the related options. Amortization expense related to all stock-based compensation recognized during the years ended February 28, 2005, February 29, 2004 and February 28, 2003, totaled approximately zero, $28,000, and $1.0 million, respectively.

 

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