SPLS » Topics » Stock-Based Compensation:

This excerpt taken from the SPLS 10-K filed Mar 2, 2010.

Stock-Based Compensation

        Stock-based compensation includes expenses associated with the issuance of restricted shares, stock options and performance share awards and our employee stock purchase plans.

2009 Compared with 2008

        Stock-based compensation decreased to $174.7 million in 2009 from $180.7 million in 2008. This decrease was primarily related to changes in the mix of equity awards granted, with the most significant change related to the Staples' Employees' 401(k) Savings Plan (the "401(k) Plan"). Prior to fiscal 2009, our contributions to the 401(k) Plan were made in the form of common stock, beginning in 2009, these contributions are made in cash, and therefore, are now classified within business unit income.

2008 Compared with 2007

        Stock-based compensation increased to $180.7 million in 2008 from $173.3 million in 2007. This increase was primarily related to changes in the mix of equity awards granted.

This excerpt taken from the SPLS 10-Q filed May 27, 2009.
 Stock-Based Compensation: Stock-based compensation increased to $35.3 million for the first quarter of 2009 from $33.4 million for the first quarter of 2008.  Stock-based compensation includes expenses associated with our employee stock purchase plans and the issuance of stock options, restricted shares and performance share awards.

 

This excerpt taken from the SPLS 10-Q filed Dec 2, 2008.
Stock-Based Compensation: Stock-based compensation decreased to $47.4 million for the third quarter of 2008 and increased to $134.2 million for year-to-date 2008 from $50.1 million in the third quarter of 2007 and $133.2 million for year-to-date 2007.  Stock-based compensation includes expenses associated with our employee stock purchase plans, the issuance of stock options, restricted shares, and performance share awards, as well as the company match in the employee 401(k) savings plan. The decrease in the third quarter and the increase in year-to-date 2008 primarily reflect changes in the mix of equity awards granted.

 

This excerpt taken from the SPLS 10-Q filed Sep 3, 2008.
Stock-Based Compensation: Stock-based compensation increased to $53.4 million in the second quarter of 2008 and $86.8 million for the first half of 2008 from $48.9 million in the second quarter of 2007 and $83.1 million for the first half of 2007.  Stock-based compensation includes expenses associated with our employee stock purchase plans, the issuance of stock options, restricted shares, and performance share awards, as well as the company match in the employee 401(k) savings plan. The increase in the second quarter and first half of 2008 primarily reflects changes in the mix of equity awards granted.

 

This excerpt taken from the SPLS 10-Q filed May 20, 2008.
Stock-Based Compensation: Stock-based compensation decreased to $33.4 million in the first quarter of 2008 from $34.3 million in the first quarter of 2007. Stock-based compensation includes expenses associated with our employee stock purchase plans, the issuance of stock options, restricted shares, and performance share awards, as well as the company match in the employee 401(k) savings plan. The decrease in the first quarter of 2008 primarily reflects changes in the mix of equity awards granted.

 

This excerpt taken from the SPLS 10-Q filed Nov 27, 2007.
Stock-Based Compensation: Stock-based compensation, excluding the charge for the correction of measurement dates used to calculate prior years’ stock-based compensation, increased to $50.1 million in the third quarter of 2007 and $133.2 million for year-to-date 2007 from $46.1 million in the third quarter of 2006 and $120.1 million for year-to-date 2006. Stock-based compensation includes expenses associated with our employee stock purchase plans, the issuance of stock options, restricted shares, and performance share awards, as well as the company match in the employee 401(k) savings plan. The increase in the third quarter of and year-to-date 2007 is primarily related to changes in the mix of equity awards granted.

 

This excerpt taken from the SPLS 10-Q filed Aug 21, 2007.
Stock-Based Compensation: Stock-based compensation increased to $48.9 million in the second quarter of 2007 and $83.1 million for the first half of 2007 from $39.0 million in the second quarter of 2006 and $74.0 million for the first half of 2006. Stock-based compensation includes expenses associated with our employee stock purchase plans, the issuance of stock options, restricted shares, and performance share awards, as well as the company match in the employee 401(k) savings plan. The increase in the second quarter and first half of 2007 primarily reflects changes in the mix of equity awards granted as well as stock-based awards for our Asian business.

This excerpt taken from the SPLS 10-Q filed May 22, 2007.
Stock-Based Compensation: Stock-based compensation decreased to $34.3 million in the first quarter of 2007 from $35.0 million in the first quarter of 2006. Stock-based compensation includes expenses associated with our employee stock purchase plans, the issuance of stock options, restricted shares, and performance share awards, as well as the company match in the employee 401(K) savings plan. The decrease in the first quarter of 2007 primarily reflects changes in the mix of equity awards granted.

This excerpt taken from the SPLS 10-K filed Mar 1, 2007.
Stock-Based Compensation:   The Company adopted Financial Accounting Standards Board (“FASB”) Statement No. 123 (revised 2004), “Share Based Payment” (“SFAS No. 123R”) as of January 29, 2006, using the modified retrospective method. As a result, the consolidated financial statements for fiscal years 2005 and 2004 have been restated to reflect the adoption of this standard. The impact on net income and earnings per share from the adoption of SFAS No. 123R is consistent with the pro forma amounts previously disclosed in our annual reports. As a result of adopting SFAS No. 123R, the Company recorded an increase of $310.2 million to Additional Paid-In Capital at January 31, 2004 and a reduction of $242.4 million to Retained Earnings at January 31, 2004.

This excerpt taken from the SPLS 10-Q filed Aug 15, 2006.
Stock-Based Compensation: Stock-based compensation increased to $39.0 million in the second quarter of 2006 and $74.0 million for the first half of 2006 from $30.1 million in the second quarter of 2005 and $60.4 million for the first half of 2005. Stock-based compensation includes expenses associated with our employee stock purchase plans, the issuance of stock options, restricted shares, performance shares, as well as the company match in the employee 401(K) savings plan. The increase in this expense for the second quarter and first half of 2006 is due to an increase in the market value of our common stock as well as changes in the mix of stock awards granted.

This excerpt taken from the SPLS 10-Q filed May 16, 2006.
Stock-Based Compensation: Stock-based compensation increased to $35.0 million in the first quarter of 2006 from $30.4 million in the first quarter of 2005. Stock-based compensation includes expenses associated with our employee stock purchase plans, the issuance of stock options, restricted shares, performance shares, as well as the company match in the employee 401(K) savings plan. The increase in this expense primarily reflects an increase in the number of shares issued and the market value of our common stock.

 

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