Equity Securities And Stock-Based Compensation

9 Months Ended

Jun. 30, 2011

Equity Securities and Stock-Based Compensation

Equity Securities And Stock-based Compensation

Equity Securities and Stock-based Compensation

Authorized Common Stock – During the March 2011 quarter, Headwaters' stockholders approved an increase in the number of shares of authorized common stock from 100.0 million to 200.0 million.

Shelf Registration – Approximately $212.6 million remains available for future offerings of securities under a universal shelf registration statement on file with the SEC. A prospectus supplement describing the terms of any additional securities to be issued is required to be filed before any future offering could commence under the registration statement.

Stock-based Compensation – Stock-based compensation expense was approximately $1.5 million and $0.9 million for the June 2010 and 2011 quarters, respectively; and approximately $3.8 million and $3.0 million for the nine months ended June 30, 2010 and 2011, respectively. As of June 30, 2011, there was approximately $2.3 million of total compensation cost related to unvested awards not yet recognized, which will be recognized in future periods in accordance with applicable vesting terms.