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This excerpt taken from the LUX 20-F filed Jun 25, 2009. Stock-Based Compensation - Stock-based compensation
represents the cost related to stock-based awards granted to employees.
Stock-based compensation cost is measured at grant date based on the estimated
fair value of the award and recognizes the cost on a straight-line basis (net
of estimated forfeitures) over the employee requisite service period. The fair
value of stock options is estimated using a binomial lattice valuation
technique. Deferred tax assets are recorded for awards that result in
deductions on income tax returns, based on the amount of compensation cost
recognized and the statutory tax rate in the jurisdiction in which the
deduction will be received. Differences between the deferred tax assets
recognized for financial reporting purposes and the actual tax deduction
reported on the income tax return are recorded in Additional Paid-In Capital
(if the tax deduction exceeds the deferred tax asset) or in the consolidated
statements of income (if the deferred tax asset exceeds the tax deduction and
no additional paid-in capital exists from previous awards).
This excerpt taken from the LUX 6-K filed May 12, 2009. Stock-based compensation. Stock-based compensation represents the cost
related to stock-based awards granted to employees. Stock-based compensation
cost is measured at grant date based on the estimated fair value of the award
and recognizes the cost on a straight-line basis (net of estimated forfeitures)
over the employee requisite service period. The fair value of stock options is
estimated using a binomial lattice valuation technique. Deferred tax assets are
recorded for awards that result in deductions on income tax returns, based on
the amount of compensation cost recognized and the statutory tax rate in the
jurisdiction in which the deduction will be received. Differences between the
deferred tax assets recognized for financial reporting purposes and the actual
tax deduction reported on the income tax return are recorded in Additional
Paid-In Capital (if the tax deduction exceeds the deferred tax asset) or in the
consolidated statements of income (if the deferred tax asset exceeds the tax
deduction and no additional paid-in capital exists from previous awards).
This excerpt taken from the LUX 20-F filed Jun 26, 2008. Stock-Based Compensation - Stock-based compensation represents the cost related to
stock-based awards granted to employees. Stock-based compensation cost is
measured at grant date based on the estimated fair value of the award and
recognizes the cost on a straight-line basis (net of estimated forfeitures)
over the employee requisite service period. The fair value of stock options is
estimated using a binomial lattice valuation technique. Deferred tax assets are
recorded for awards that result in deductions on income tax returns, based on
the amount of compensation cost recognized and the statutory tax rate in the
jurisdiction in which the deduction will be received. Differences between the
deferred tax assets recognized for financial reporting purposes and the actual
tax deduction reported on the income tax return are recorded in Additional
Paid-In Capital (if the tax deduction exceeds the deferred tax asset) or in the
consolidated statements of income (if the deferred tax asset exceeds the tax
deduction and no additional paid-in capital exists from previous awards).
This excerpt taken from the LUX 6-K filed Jun 4, 2008. Stock-based
compensation. Stock-based compensation represents the cost
related to stock-based awards granted to employees. Stock-based compensation
cost is measured at grant date based on the estimated fair value of the award
and recognizes the cost on a straight-line basis (net of estimated forfeitures)
over the employee requisite service period. The fair value of stock options is
estimated using a binomial lattice valuation technique. Deferred tax assets are
recorded for awards that result in deductions on income tax returns, based on
the amount of compensation cost recognized and the statutory tax rate in the
jurisdiction in which the deduction will be received. Differences between the
deferred tax assets recognized for financial reporting purposes and the actual
tax deduction reported on the income tax return are recorded in Additional
Paid-In Capital (if the tax deduction exceeds the deferred tax asset) or in the
consolidated statements of income (if the deferred tax asset exceeds the tax
deduction and no additional paid-in capital exists from previous awards).
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