Best Buy 2011 Annual Report Download - page 108

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$ in millions, except per share amounts or as otherwise noted
Market-Based Share Awards
The fair value of market-based share awards is determined based on generally accepted valuation techniques and the
closing market price of our stock on the date of grant. A summary of the status of our nonvested market-based share
awards at February 26, 2011, and changes during fiscal 2011, is as follows:
Weighted-
Average
Fair Value
Market-Based Share Awards Shares per Share
Outstanding at February 27, 2010 633,000 $42.97
Granted ——
Vested (200,000) 38.65
Forfeited/Canceled (240,000) 39.14
Outstanding at February 26, 2011 193,000 $52.19
We recognize expense for market-based share awards on a straight-line basis over the requisite service period (or to an
employee’s eligible retirement date, if earlier). At February 26, 2011, compensation expense had been fully recognized.
Performance-Based Share Awards
The fair value of performance-based share awards is determined based on the closing market price of our stock on the
date of grant. A summary of the status of our nonvested performance-based share awards at February 26, 2011, and
changes during fiscal 2011, is as follows:
Weighted-
Average
Fair Value
Performance-Based Share Awards Shares per Share
Outstanding at February 27, 2010 2,343,000 $42.11
Granted 6,000 44.20
Vested (64,000) 54.13
Forfeited/Canceled (106,000) 44.58
Outstanding at February 26, 2011 2,179,000 $41.64
At February 26, 2011, there was no compensation expense related to nonvested performance-based share awards that we
expect to recognize.
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