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dividend equivalent right |
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In connection with the declaration of the special dividend, the Board of Directors approved certain dividend equivalent rights, clarifying that holders of other Schiff equity awards, including stock options and certain In connection with the declaration of the special dividend, the Board of Directors approved certain dividend equivalent rights, allowing holders of other Schiff equity awards, including stock options and Additionally, as a result, of a new accounting pronouncement, dividends of $169,000 paid on unvested restricted stock were expensed in 2006 whereas similar dividends of $228,000 paid in 2005 were not expensed, and dividend equivalent rights of $363,000 paid in the 2006 first quarter were not expensed whereas $363,000 of dividend equivalent rights paid in the 2005 first quarter were expensed. |
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