Cabela's 2014 Annual Report Download - page 112

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102
CABELA’S INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in Thousands Except Share and Per Share Amounts)
The following table provides information relating to the Company’s equity share-based payment awards at
December 27, 2014:
Number of
Awards
Weighted
Average
Exercise
Price
Weighted
Average
Fair
Value
Aggregate
Intrinsic
Value
Weighted
Average
Remaining
Contractual
Life (in Years)
Vested and exercisable 1,915,476 $ 20.07 $ 8.83 $ 60,594 2.29
Non-vested 1,463,240 25.30 39.63 43,496 6.90
Total outstanding 3,378,716 22.34 22.17 $ 104,090 4.29
Expected to vest after December 27, 2014 3,248,759 22.57 $ 99,482 4.22
The aggregate intrinsic value of awards exercised was $40,717, $54,755, and $53,198 during 2014, 2013, and
2012, respectively. The total fair value of shares vested was $15,933, $12,899, and $10,721 in 2014, 2013, and 2012,
respectively. Based on the Company’s closing stock price of $51.45 as of December 27, 2014, the total number of
in-the-money awards exercisable as of December 27, 2014, was 1,885,476.
The equity share-based payment awards outstanding and exercisable as of December 27, 2014, 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 $12.71 1,097,480 $ 2.13 5.88 299,466 $ 7.80
$12.72 to $25.42 1,235,967 18.22 1.49 1,235,967 18.22
$25.43 to $38.13 402,471 31.38 4.63 300,744 30.09
$38.14 to $50.84 64,000 40.45 5.18 - -
$50.85 to $63.55 288,718 53.68 6.31 49,299 50.91
$63.56 to $76.27 290,080 68.61 7.54 30,000 67.69
3,378,716 22.34 4.29 1,915,476 20.07
Employee Stock Purchase Plan – During 2014, there were 74,054 shares issued under the Cabela’s
Incorporated 2013 Employee Stock Purchase Plan (the “2013 ESPP”). At December 27, 2014, there were
1,896,131 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 $8,247, $10,920, and $9,709 in 2014, 2013, and
2012, respectively.