Cabela's 2013 Annual Report Download - page 112

102
CABELA’S INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in Thousands Except Share and Per Share Amounts)
The equity share-based payment awards outstanding and exercisable as of December 28, 2013, were in the
following exercise price ranges:
Awards Outstanding Awards Exercisable
Exercise
Price Number
Weighted
Average
Exercise
Price
Average
Remaining
Contractual
Life (in Years) Number
Weighted
Average
Exercise
Price
$ 0.00 to $11.28 1,167,485 $ 2.03 5.71 296,893 $ 8.00
$11.29 to $22.56 1,480,879 18.04 2.21 1,478,379 18.03
$22.57 to $33.84 214,675 26.54 5.08 144,081 26.37
$33.85 to $45.12 299,090 36.26 6.06 69,938 34.98
$45.13 to $56.40 205,235 50.91 7.18 - -
$56.41 to $67.69 94,000 61.47 7.26 - -
3,461,364 17.87 4.33 1,989,291 17.74
Employee Stock Purchase Plan – Effective June 5, 2013, the shareholders of the Company approved
the Cabela’s Incorporated 2013 Employee Stock Purchase Plan (the “2013 ESPP”) which replaces the Cabela’s
Incorporated 2004 Employee Stock Purchase Plan for all awards granted on or after August 1, 2013. During 2013,
there were 62,880 shares issued - 29,815 shares under the 2013 Plan and 33,065 shares under the 2004 Plan. At
December 28, 2013, there were 1,970,185 shares of common stock authorized and available for issuance under the
2013 ESPP.
401(k) Savings Plan – All employees are eligible to defer up to 80% of their wages in Cabela’s 401(k)
savings plan, subject to certain limitations. The Company matches 100% of eligible employee deferrals up to 4%
of eligible wages. For eligible employees hired prior to January 1, 2009, we may also contribute a 2% discretionary
matching contribution. Total expense for employer contributions was $10,920, $9,709, and $9,187 in 2013, 2012, and
2011, respectively.
20. STOCKHOLDERS’ EQUITY AND DIVIDEND RESTRICTIONS
Preferred Stock – The Company is authorized to issue 10,000,000 shares of preferred stock having a par
value of $0.01 per share. None of the shares of the authorized preferred stock have been issued. The board of
directors is authorized to issue these shares of preferred stock without stockholder approval in different classes
and series and, with respect to each class or series, to determine the dividend rate, the redemption provisions,
conversion provisions, liquidation preference, and other rights, privileges, and restrictions. The issuance of any
preferred stock could have the effect of diluting the voting power of the holders of common stock, restricting
dividends on the common stock, impairing the liquidation rights of the common stock, or delaying or preventing a
change in control without further action by the stockholders.
Class A Voting Common Stock – The holders of Cabela’s Class A common stock are entitled to receive
ratably dividends, if any, the board of directors may declare from time to time from funds legally available
therefore, subject to the preferential rights of the holders of any shares of preferred stock that the Company may
issue in the future. The holders of Cabela’s Class A common stock are entitled to one vote per share on any matter
to be voted upon by stockholders.
Upon any voluntary or involuntary liquidation, dissolution, or winding up of company affairs, the holders of
Cabela’s Class A common stock are entitled to all assets remaining after payment to creditors and subject to prior
distribution rights of any shares of preferred stock that the Company may issue in the future. All of the outstanding
shares of Class A common stock are fully paid and non-assessable.