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Notes
to Financial Statements pg 1 2
3 4 5
6 7 8
9 10 11
12 13 14
15 16 |
As permitted by
SFAS No. 123, we elected to account for our stock option plans
under the provisions of APB Opinion No. 25. Accordingly, no
compensation cost has generally been recognized for stock options
granted. Had we adopted SFAS No. 123, the pro forma effects on net
earnings, basic earnings per share and diluted earnings per share
for the last three fiscal years would have been as follows: The fair value of each option was estimated on the date of the grant using the Black-Scholes option pricing model with the following assumptions:
The weighted
average fair value of options granted during fiscal 2002, 2001 and
2000 used in computing pro forma compensation expense was $18.60,
$23.06 and $17.06 per share, respectively.
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