VICR » Topics » Stock-based compensation

These excerpts taken from the VICR 10-K filed Mar 13, 2009.
Stock-Based Compensation
 
We account for stock-based compensation in accordance with SFAS 123R, Share Based Payment, which requires that stock-based compensation expense associated with stock options and related awards be recognized in the Consolidated Statement of Operations. Determining the amount of stock-based compensation requires us to develop estimates to be used in calculating the grant-date fair value of stock options. We calculate the grant-date fair values using the Black-Scholes valuation model. The use of this widely-accepted model requires us to make estimates for the following assumptions: expected volatility, expected term, risk-free interest rate, expected dividend yield and forfeiture rate. Changes in any of these assumptions may have an impact on the amount of stock-based compensation recorded.
 
Stock-Based
Compensation



 



We account for stock-based compensation in accordance with
SFAS 123R, Share Based Payment, which requires that
stock-based compensation expense associated with stock options
and related awards be recognized in the Consolidated Statement
of Operations. Determining the amount of stock-based
compensation requires us to develop estimates to be used in
calculating the grant-date fair value of stock options. We
calculate the grant-date fair values using the Black-Scholes
valuation model. The use of this widely-accepted model requires
us to make estimates for the following assumptions: expected
volatility, expected term, risk-free interest rate, expected
dividend yield and forfeiture rate. Changes in any of these
assumptions may have an impact on the amount of stock-based
compensation recorded.


 




Stock-based compensation
 
The Company accounts for stock-based compensation in accordance with SFAS 123R, Share-Based Payment, SFAS 123R requires all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values at the date of grant. The Company adopted SFAS 123R on January 1, 2006.
 
Stock-based
compensation



 



The Company accounts for stock-based compensation in accordance
with SFAS 123R, Share-Based Payment, SFAS 123R
requires all share-based payments to employees, including grants
of employee stock options, to be recognized in the income
statement based on their fair values at the date of grant. The
Company adopted SFAS 123R on January 1, 2006.


 




These excerpts taken from the VICR 10-K filed Mar 19, 2008.
Stock-based compensation
 
On January 1, 2006, the Company adopted FASB statement No. 123 (revised 2004), “Share-Based Payment” (FAS 123R), which is a revision of FAS No. 123, “Accounting for Stock-Based Compensation”. FAS 123(R) supersedes APB Opinion No. 25, “Accounting for Stock Issued to Employees”, and amends SFAS No. 95, “Statement of Cash Flows”. Generally, the approach in FAS 123(R) is similar to the approach described in FAS 123. However, FAS 123(R) requires all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values at the date of grant. Pro forma disclosure is no longer an alternative.
 
The Company is using the modified prospective method as permitted under FAS 123(R). Under this transition method, compensation cost recognized in fiscal 2007 and 2006 includes: (a) compensation cost for all share-based payments granted prior to but not yet vested as of December 31, 2005, based on the grant-date fair value estimated in accordance with the provisions of FAS 123, and (b) compensation cost for all share-based payments granted subsequent to December 31, 2005, based on the grant-date fair value estimated in accordance with the provisions of FAS 123(R). In accordance with the modified prospective method of adoption, Vicor’s results of operations and financial position for prior periods have not been restated.
 
Stock-based
compensation



 



On January 1, 2006, the Company adopted FASB statement
No. 123 (revised 2004), “Share-Based Payment”
(FAS 123R), which is a revision of FAS No. 123,
“Accounting for Stock-Based Compensation”.
FAS 123(R) supersedes APB Opinion No. 25,
“Accounting for Stock Issued to Employees”, and amends
SFAS No. 95, “Statement of Cash Flows”.
Generally, the approach in FAS 123(R) is similar to the
approach described in FAS 123. However, FAS 123(R)
requires all share-based payments to employees, including grants
of employee stock options, to be recognized in the income
statement based on their fair values at the date of grant. Pro
forma disclosure is no longer an alternative.


 



The Company is using the modified prospective method as
permitted under FAS 123(R). Under this transition method,
compensation cost recognized in fiscal 2007 and 2006 includes:
(a) compensation cost for all share-based payments granted
prior to but not yet vested as of December 31, 2005, based
on the grant-date fair value estimated in accordance with the
provisions of FAS 123, and (b) compensation cost for
all share-based payments granted subsequent to December 31,
2005, based on the grant-date fair value estimated in accordance
with the provisions of FAS 123(R). In accordance with the
modified prospective method of adoption, Vicor’s results of
operations and financial position for prior periods have not
been restated.


 




This excerpt taken from the VICR 10-K filed Mar 15, 2007.
Stock-based compensation
 
On January 1, 2006, the Company adopted Statement of Financial Accounting Standards No. 123 (revised 2004), “Share-Based Payment” (FAS 123R), which is a revision of FAS No. 123, “Accounting for Stock-Based Compensation”. FAS 123(R)supersedes APB Opinion No. 25, “Accounting for Stock Issued to Employees”, and amends SFAS No. 95, “Statement of Cash Flows”. Generally, the approach in FAS 123(R) is similar to the approach described in FAS 123. However, FAS 123(R) requires all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values at the date of grant. Pro forma disclosure is no longer an alternative.
 
The Company is using the modified prospective method as permitted under FAS 123(R). Under this transition method, compensation cost recognized in fiscal 2006 includes: (a) compensation cost for all share-


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Table of Contents

 
VICOR CORPORATION
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

2.  SIGNIFICANT ACCOUNTING POLICIES (Continued)
 
based payments granted prior to but not yet vested as of December 31, 2005, based on the grant-date fair value estimated in accordance with the provisions of FAS 123, and (b) compensation cost for all share-based payments granted subsequent to December 31, 2005, based on the grant-date fair value estimated in accordance with the provisions of FAS 123(R). In accordance with the modified prospective method of adoption, Vicor’s results of operations and financial position for prior periods have not been restated.
 
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