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This excerpt taken from the LLTC DEF 14A filed Sep 26, 2007. Accounting for Stock-Based Compensation Commencing on July 4, 2005, the beginning of fiscal 2006, the Company became subject to the requirements set forth in FASB 123R Share-Based Payment and, accordingly, records a charge to its income statement for the estimated value of stock-based awards. 16 |
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