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These excerpts taken from the WDC 10-K filed Aug 20, 2008. Stock-Based
Compensation Expense
Effective July 2, 2005, the Company adopted
SFAS No. 123(R), “Share-Based Payment”
(“SFAS 123(R)”) using the modified prospective
method. SFAS 123(R) establishes the financial accounting
and reporting standards for stock-based compensation plans. As
required by SFAS 123(R), the Company recognized the cost
resulting from all share-based payment transactions including
shares issued under the Company’s stock option plans and
employee stock purchase plans in the financial statements. The
Company expensed $18 million, $18 million and
$21 million related to stock-based compensation from stock
options and ESPP shares in 2008, 2007 and 2006, respectively. As
of June 27, 2008, total compensation cost related to
unvested stock options granted to employees and ESPP shares, but
not yet recognized, was $33 million and will be amortized
on a straight-line basis over a weighted average period of
approximately 2.4 years.
Table of Contents
WESTERN
DIGITAL CORPORATION
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
Stock-Based Compensation Expense Effective July 2, 2005, the Company adopted SFAS No. 123(R), “Share-Based Payment” (“SFAS 123(R)”) using the modified prospective method. SFAS 123(R) establishes the financial accounting and reporting standards for stock-based compensation plans. As required by SFAS 123(R), the Company recognized the cost resulting from all share-based payment transactions including shares issued under the Company’s stock option plans and employee stock purchase plans in the financial statements. The Company expensed $18 million, $18 million and $21 million related to stock-based compensation from stock options and ESPP shares in 2008, 2007 and 2006, respectively. As of June 27, 2008, total compensation cost related to unvested stock options granted to employees and ESPP shares, but not yet recognized, was $33 million and will be amortized on a straight-line basis over a weighted average period of approximately 2.4 years.
Table of ContentsWESTERN DIGITAL CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) This excerpt taken from the WDC 10-K filed Aug 28, 2007. Stock-Based
Compensation Expense
Effective July 2, 2005, the Company adopted Statement of
Financial Accounting Standards No. 123 (Revised 2004),
“Share-Based Payment”
(“SFAS No. 123-R”)
using the modified prospective method.
SFAS No. 123-R
establishes the financial accounting and reporting standards for
stock-based compensation plans. As required by
SFAS No. 123-R,
the Company recognized the cost resulting from all share-based
payment transactions including shares issued under the
Company’s stock option plans and employee stock purchase
plans in the financial statements. During the fiscal year ended
June 29, 2007, the Company expensed $18 million
related to stock-based compensation from stock options and ESPP
shares. At June 29, 2007, total compensation cost related
to unvested stock options granted to employees and ESPP shares,
but not yet recognized, was $26 million and will be
amortized on a straight-line basis over a weighted average
period of approximately 2.2 years.
This excerpt taken from the WDC 10-K filed Nov 20, 2006. Stock-Based
Compensation Expense
Effective July 2, 2005, the Company adopted Statement of
Financial Accounting Standards No. 123 (Revised 2004),
“Share-Based Payment”
(“SFAS No. 123-R”)
using the modified prospective method.
SFAS No. 123-R
establishes the financial accounting and reporting standards for
stock-based compensation plans. As required by
SFAS No. 123-R,
the Company recognized the cost resulting from all share-based
payment transactions including shares issued under the
Company’s stock option plans and employee stock purchase
plans in the financial statements. During the fiscal year ended
June 30, 2006, the Company expensed $21.1 million
related to stock-based compensation from stock options and ESPP
shares as a result of the adoption of
SFAS No. 123-R.
At June 30, 2006, total compensation cost related to
unvested stock options granted to employees and ESPP shares, but
not yet recognized, was $31.1 million and will be amortized
on a straight-line basis over a weighted average period of
approximately 1.9 years.
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