2.0.0.10 false Summary of Significant Accounting Policies 10101 - Disclosure - Summary of Significant Accounting Policies true false false false 1 usd $ false false Unit12 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 Unit14 Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 5 Summary of Significant Accounting Policies 3 us-gaap_SignificantAccountingPoliciesTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false false 1 false false false false 0 0 <div> <div> <table style="font-family: Arial, Helvetica; background: #ffffff; color: #000000; font-size: 10pt;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="2%"> </td> <td width="98%"> <div> 1.       Summary of Significant Accounting Policies Basis of Presentation — The fiscal year of Foster Wheeler AG ends on December 31 of each calendar year. Foster Wheeler AG's fiscal quarters end on the last day of March, June and September. Foster Wheeler AG's consolidated financial results for the first fiscal three months represent the period from January 1, 2010 through March 31, 2010 and December 27, 2008 through March 31, 2009 in fiscal years 2010 and 2009, respectively. Please refer to Note 1 in our Annual Report on Form 10-K for the fiscal year ended December 31, 2009 ("2009 Form 10-K"), filed with the Securities and Exchange Commission on February 25, 2010, for further information on our fiscal year end and related change of country of domicile from Bermuda to Switzerland in February 2009. As part of our change of country of domicile, we cancelled our common shares and issued registered shares. In January 2010, we relocated our principal executive offices to Geneva, Switzerland. The consolidated financial results include our U.S. operations, which have a fiscal year that is the 52- or 53- week annual accounting period ending the last Friday in December, and our non-U.S. operations, which have a fiscal year ending December 31. We have evaluated all subsequent events for adjustment to or disclosure in these consolidated financial statements through the date of issuance of these consolidated financial statements. The accompanying consolidated financial statements are unaudited. In the opinion of management, all adjustments necessary for a fair presentation of such financial statements have been included. Such adjustments only consisted of normal recurring items. Interim results are not necessarily indicative of results for a full year. The financial statements and notes are presented in accordance with the requirements of Form 10-Q and do not contain certain information included in our 2009 Form 10-K. The consolidated balance sheet as of December 31, 2009 was derived from the audited financial statements included in our 2009 Form 10-K, but does not include all disclosures required by accounting principles generally accepted in the United States of America for annual consolidated financial statements. Certain prior period amounts have been reclassified to conform to the current period presentation. Principles of Consolidation — The consolidated financial statements include the accounts of Foster Wheeler AG and all significant U.S. and non-U.S. subsidiaries as well as certain entities in which we have a controlling interest. Intercompany transactions and balances have been eliminated. In June 2009, the Financial Accounting Standards Board ("FASB") issued authoritative guidance to amend the manner in which entities evaluate whether consolidation is required for variable interest entities ("VIE"). The model for determining which enterprise has a controlling financial interest and is the primary beneficiary of a VIE has changed under the new guidance. Furthermore, the new guidance requires an ongoing reconsideration of the primary beneficiary and also amends the events that trigger a reassessment of whether an entity is a VIE. This revised guidance also requires enhanced disclosures about how a company's involvement with a VIE affects its financial statements and exposure to risks. This guidance, which became effective for us on January 1, 2010, did not result in any change to the entities previously included in our consolidated financial statements. Variable Interest Entities – We sometimes form separate legal entities such as corporations, partnerships and limited liability companies in connection with the execution of a single contract or project. Upon inception of each separate legal entity, we perform an evaluation to determine whether the new entity is a VIE, and whether we are the primary beneficiary of the new entity, which would require us to consolidate the new entity in our financial results. We reassess our initial determination on whether the entity is a VIE and whether we are the primary beneficiary upon the occurrence of certain events as outlined in current accounting guidelines. If the entity is not a VIE, we determine the accounting for the entity under the voting interest accounting guidelines. An entity is determined to be a VIE if either (a) the total equity investment is not sufficient for the entity to finance its own activities without additional subordinated financial support, (b) characteristics of a controlling financial interest are missing (such as the ability to make decisions through voting or other rights or the obligation to absorb losses or the right to receive benefits), or (c) the voting rights of the equity holders are not proportional to their obligations to absorb losses of the entity and/or their rights to receive benefits of the entity, and substantially all of the entity's activities either involve or are conducted on behalf of an investor that has disproportionately few voting rights. As of March 31, 2010, we participate in certain entities determined to be VIEs, including a gas-fired cogeneration facility in Martinez, California, a waste-to-energy facility in Camden, New Jersey and a refinery/electric power generation project in Chile. We consolidate the operations of both the Martinez and Camden projects while we record our participation in the Chile based project on the equity method of accounting. There has been no change in our accounting for these entities during the quarter. Please see Note 3 for further information on our participation in these projects. Use of Estimates — The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and revenues and expenses during the periods reported. Actual results could differ from those estimates. Changes in estimates are reflected in the periods in which they become known. Significant estimates are used in accounting for long-term contracts including estimates of total costs, progress toward completion and customer and vendor claims, employee benefit plan obligations and share-based compensation plans. In addition, we also use estimates when accounting for uncertain tax positions and deferred taxes, asbestos liabilities and expected recoveries and when assessing goodwill for impairment, among others. Revenue Recognition on Long-Term Contracts — Revenues and profits on long-term contracts are recorded under the percentage-of-completion method. Progress towards completion on fixed-price contracts is measured based on physical completion of individual tasks for all contracts with a value of $5,000 or greater. For contracts with a value less than $5,000, progress toward completion is measured based on the ratio of costs incurred to total estimated contract costs (the cost-to-cost method). Progress towards completion on cost-reimbursable contracts is measured based on the ratio of quantities expended to total forecasted quantities, typically man-hours. Incentives are also recognized on a percentage-of-completion basis when the realization of an incentive is assessed as probable. We include flow-through costs consisting of materials, equipment or subcontractor services as both operating revenues and cost of operating revenues on cost-reimbursable contracts when we have overall responsibility as the contractor for the engineering specifications and procurement or procurement services for such costs. There is no contract profit impact of flow-through costs as they are included in both operating revenues and cost of operating revenues. Contracts in process are stated at cost, increased for profits recorded on the completed effort or decreased for estimated losses, less billings to the customer and progress payments on uncompleted contracts. At any point, we have numerous contracts in progress, all of which are at various stages of completion. Accounting for revenues and profits on long-term contracts requires estimates of total estimated contract costs and estimates of progress toward completion to determine the extent of revenue and profit recognition. These estimates may be revised as additional information becomes available or as specific project circumstances change. We review all of our material contracts on a monthly basis and revise our estimates as appropriate for developments such as earning project incentive bonuses, incurring or expecting to incur contractual liquidated damages for performance or schedule issues, providing services and purchasing third-party materials and equipment at costs differing from those previously estimated and testing completed facilities, which, in turn, eliminates or confirms completion and warranty-related costs. Project incentives are recognized when it is probable they will be earned. Project incentives are frequently tied to cost, schedule and/or safety targets and, therefore, tend to be earned late in a project's life cycle. Changes in estimated final contract revenues and costs can either increase or decrease the final estimated contract profit. In the period in which a change in estimate is recognized, the cumulative impact of that change is recorded based on progress achieved through the period of change. There were 11 and 8 separate projects that had final estimated contract profit revisions whose impact on contract profit exceeded $1,000 during the fiscal three months ended March 31, 2010 and 2009, respectively. The changes in final estimated contract profit resulted in net increases of $13,100 and $3,260 to reported contract profit in the fiscal three months ended March 31, 2010 and 2009, respectively, relating to the revaluation of work performed on contracts in prior periods. Please see Note 11 for further information related to changes in final estimated contract profit. Claims are amounts in excess of the agreed contract price (or amounts not included in the original contract price) that we seek to collect from customers or others for delays, errors in specifications and designs, contract terminations, disputed or unapproved change orders as to both scope and price or other causes of unanticipated additional costs. We record claims as additional contract revenue if it is probable that the claims will result in additional contract revenue and if the amount can be reliably estimated. These two requirements are satisfied by the existence of all of the following conditions: the contract or other evidence provides a legal basis for the claim; additional costs are caused by circumstances that were unforeseen at the contract date and are not the result of deficiencies in our performance; costs associated with the claim are identifiable or otherwise determinable and are reasonable in view of the work performed; and the evidence supporting the claim is objective and verifiable. If such requirements are met, revenue from a claim may be recorded only to the extent that contract costs relating to the claim have been incurred. Costs attributable to claims are treated as costs of contract performance as incurred and are recorded in contracts in process. As of March 31, 2010, our consolidated financial statements assumed recovery of commercial claims of approximately $13,200, of which $500 had yet to be expended. As of December 31, 2009, our consolidated financial statements assumed recovery of commercial claims of approximately $18,700, of which $1,200 had yet to be expended. In certain circumstances, we may defer pre-contract costs when it is probable that these costs will be recovered under a future contract. Such deferred costs would then be included in contract costs upon execution of the anticipated contract. We had approximately $3,000 and $1,200 of deferred pre-contract costs as of March 31, 2010 and December 31, 2009, respectively. Certain special-purpose subsidiaries in our global power business group are reimbursed by customers for their costs, including amounts related to repayments of non-recourse project debt, for building and operating certain facilities over the lives of the corresponding service contracts. Cash and Cash Equivalents — Cash and cash equivalents include highly liquid short-term investments with original maturities of three months or less at the date of acquisition. Cash and cash equivalents of $744,327 and $772,565 were maintained by our non-U.S. entities as of March 31, 2010 and December 31, 2009, respectively. These entities require a portion of these funds to support their liquidity and working capital needs, as well as to comply with required minimum capitalization and contractual restrictions. Accordingly, a portion of these funds may not be readily available for repatriation to U.S. entities. Intangible Assets — Intangible assets consist principally of goodwill, trademarks and patents. Goodwill is allocated to our reporting units on a relative fair value basis at the time of the original purchase price allocation. Patents and trademarks are amortized on a straight-line basis over periods of 3 to 40 years. <a name="OLE_LINK18"> </a><a name="OLE_LINK17">Customer relationships</a>, pipeline and backlog are amortized on a straight-line basis over periods of 1 to 13 years. We test goodwill for impairment at the reporting unit level, which is defined as the components one level below our operating segments, because these components constitute businesses for which discrete financial information is available and segment management regularly reviews the operating results of those components. Presently, goodwill exists in two of our reporting units — one within our Global Power Group business segment and one within our Global Engineering and Construction Group, which we refer to as our Global E&C Group, business segment. The goodwill impairment test is a two-step process. The first step of the goodwill impairment test, used to identify potential impairment, compares the fair value of the reporting unit with its carrying amount, including goodwill. If the fair value exceeds the carrying amount, goodwill is not considered impaired. If the carrying amount exceeds the fair value, the second step must be performed to measure the amount of the impairment loss, if any. The second step compares the implied fair value of the reporting unit's goodwill with the carrying amount of that goodwill. In the fourth quarter of each fiscal year, we evaluate goodwill at each reporting unit to assess recoverability, and impairments, if any, are recognized in earnings. An impairment loss would be recognized in an amount equal to the excess of the carrying amount of the goodwill over the implied fair value of the goodwill. As of December 31, 2009, the estimated fair value of each of the reporting units was sufficiently in excess of its carrying values even after conducting various sensitivity analyses on key assumptions, such that no adjustment to the carrying values of goodwill was required. Please see Note 4 for further information related to our goodwill and other identifiable intangible assets. Income Taxes — Deferred tax assets/liabilities are established for the difference between the financial reporting and income tax basis of assets and liabilities, as well as for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. In evaluating our ability to realize our deferred tax assets within the various tax jurisdictions in which they arise, we consider all available positive and negative evidence, including scheduled reversals of taxable temporary differences, projected future taxable income, tax planning strategies and recent financial performance. Projecting future taxable income requires significant assumptions about future operating results, as well as the timing and character of taxable income in numerous jurisdictions. We do not make a provision for incremental income taxes on subsidiary earnings, which have been retained in the subsidiary's country of domicile, if we expect such earnings to be indefinitely reinvested in that jurisdiction. We recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. We recognize interest accrued on the potential tax liability related to unrecognized tax benefits in interest expense, and we recognize any potential penalties in other deductions, net on our consolidated statement of operations. Foreign Currency — The functional currency of our non-U.S. operations is typically the local currency of their country of domicile. Assets and liabilities of our non-U.S. subsidiaries are translated into U.S. dollars at period-end exchange rates with the resulting translation adjustment recorded as a separate component within accumulated other comprehensive loss. Income and expense accounts and cash flows are translated at weighted-average exchange rates for the period. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in other deductions, net on our consolidated statement of operations. Fair Value Measurements — Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial Accounting Standards Board Accounting Standards Codification, or FASB ASC, 820-10 defines fair value, establishes a <a name="OLE_LINK23"> </a><a name="OLE_LINK20">fair value </a>hierarchy that prioritizes the inputs used to measure fair value and provides guidance on required disclosures about fair value measurements. The fair value hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. Our financial assets and liabilities that are recorded at fair value on a recurring basis consist primarily of the assets or liabilities arising from derivative financial instruments and defined benefit pension plan assets. We value our derivative financial instruments using broker quotations, or market transactions in either the listed or over-the-counter markets, resulting in fair value measurements <a name="OLE_LINK11"> </a><a name="OLE_LINK9">using level 2 inputs </a>as defined under the fair value hierarchy. See Note 8 for further information regarding our derivative financial instruments. The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate fair value: Financial instruments valued independent of the fair value hierarchy: ·         Cash, Cash Equivalents and Restricted Cash — The carrying value of our cash, cash equivalents and restricted cash approximates fair value because of the demand nature of many of our deposits or short-term maturity of these instruments. Financial instruments valued within the fair value hierarchy: ·         Long-term Debt — We estimate the fair value of our long-term debt (including current installments) based on the quoted market prices for the same or similar issues or on the current rates offered for debt of the same remaining maturities using level 2 inputs. ·         Foreign Currency Forward Contracts — We estimate the fair value of foreign currency forward contracts by obtaining quotes from financial institutions or market transactions in either the listed or over-the-counter markets, which we further corroborate with observable market data using level 2 inputs. ·         Interest Rate Swaps — We estimate the fair value of our interest rate swaps based on quotes obtained from financial institutions, which we further corroborate with observable market data using level 2 inputs. ·         Defined Benefit Pension Plan Assets — We estimate the fair value of our defined benefit pension plan assets at each fiscal year end based on quotes obtained from financial institutions, which we further corroborate with observable market data using level 1 and 2 inputs. Retirement of Shares under Share Repurchase Program — On September 12, 2008, we announced a share repurchase program pursuant to which our Board of Directors authorized the repurchase of up to $750,000 of our outstanding shares and the designation of the repurchased shares for cancellation.   Based on the aggregate share repurchases under our program through March 31, 2010, we are authorized to repurchase up to $264,773 of our outstanding shares.  Any repurchases will be made at our discretion in the open market or in privately negotiated transactions in compliance with applicable securities laws and other legal requirements and will depend on a variety of factors, including market conditions, share price and other factors.   The program does not obligate us to acquire any particular number of shares.  The program has no expiration date and may be suspended or discontinued at any time.  All shares acquired under our share repurchase program have been retired upon purchase.  The share value, on the consolidated balance sheet, was reduced for the par value of the retired shares.   Paid-in capital, on the consolidated balance sheet, was reduced for the excess of fair value and related fees paid above par value for the shares acquired.     Shares retired under the share repurchase program reduce the weighted-average number of shares outstanding during the reporting period when calculating earnings per share, as described below. Earnings per Share — Basic earnings per share is computed by dividing net income attributable to Foster Wheeler AG by the weighted-average number of shares outstanding during the reporting period, excluding non-vested restricted shares.  There were no <a name="OLE_LINK14"> </a><a name="OLE_LINK13">non-vested restricted shares </a>as of March 31, 2010 and 82,980 non-vested restricted shares as of March 31, 2009.  Restricted shares and restricted share units (collectively, "restricted awards") are included in the weighted-average number of shares outstanding when such restricted awards vest.    Diluted earnings per share is computed by dividing net income attributable to Foster Wheeler AG by the combination of the weighted-average number of shares outstanding during the reporting period and the impact of dilutive securities, if any, such as outstanding stock options, warrants to purchase shares and the non-vested portion of restricted awards to the extent such securities are dilutive. In profitable periods, outstanding stock options and warrants have a dilutive effect under the treasury stock method when the average share price for the period exceeds the assumed proceeds from the exercise of the warrant or option. The assumed proceeds include the exercise price, compensation cost, if any, for future service that has not yet been recognized in the consolidated statement of operations, and any tax benefits that would be recorded in paid-in capital when the option or warrant is exercised. Under the treasury stock method, the assumed proceeds are assumed to be used to repurchase shares in the current period. The dilutive impact of the non-vested portion of restricted awards is determined using the treasury stock method, but the proceeds include only the unrecognized compensation cost and tax benefits as assumed proceeds. The computations of basic and diluted earnings per share were as follows: <div> <table style="width: 420pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="559"> <tr style="height: 15.75pt;"> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 282pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15.75pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl83" height="21" width="376"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 65pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl83" width="86"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 8pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl83" width="11"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 65pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl83" width="86"> </td></tr> <tr style="height: 12.75pt;"> <td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 9px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 12.75pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl84" height="17"> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl107" colspan="3">Fiscal Three Months Ended</td></tr> <tr style="height: 25.5pt;"> <td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 9px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 25.5pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl84" height="34"> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 65pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl94" width="86">March 31, 2010</td> <td style="border-bottom: medium none; text-align: center; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl77"> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 65pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl94" width="86">March 31, 2009</td></tr> <tr style="height: 6pt;"> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 6pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl83" height="8"> </td> <td style="border-bottom: medium none; text-align: center; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 65pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl82" width="86"> </td> <td style="border-bottom: medium none; text-align: center; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 8pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl79" width="11"> </td> <td style="border-bottom: medium none; text-align: center; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 65pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl82" width="86"> </td></tr> <tr style="height: 6pt;"> <td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 6pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl78" height="8"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl87"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80"> </td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl97" height="16">Basic earnings per share:</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl103"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl103"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl104"> </td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl98" height="16">Net income attributable to Foster Wheeler AG</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl95"> $            72,060 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl85"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl85"> $            72,863 </td></tr> <tr style="height: 24pt;"> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 282pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; background: #ccffff; height: 24pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl99" height="32" width="376">Weighted-average number of shares outstanding    for basic earnings per share</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl105">      127,474,887 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl104"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl105">      126,265,903 </td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl90" height="16">Basic earnings per share</td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: windowtext 0.5pt solid; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl96"> $                0.57 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl89"> </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: windowtext 0.5pt solid; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl96"> $                0.58 </td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: underline; padding-top: 0px; text-underline-style: single;" class="xl100" height="16"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl86"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl83"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl83"> </td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl97" height="16">Diluted earnings per share:</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl103"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl104"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl104"> </td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl98" height="16">Net income attributable to Foster Wheeler AG</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl95"> $            72,060 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl85"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl85"> $            72,863 </td></tr> <tr style="height: 22.5pt;"> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 282pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; background: #ccffff; height: 22.5pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl99" height="30" width="376">Weighted-average number of shares outstanding    for basic earnings per share</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl105">      127,474,887 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl104"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl105">      126,265,903 </td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 282pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl91" height="16" width="376">Effect of dilutive securities:</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl87"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl83"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl87"> </td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 9px; width: 282pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; background: #ccffff; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl101" height="16" width="376">Options to purchase shares</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl105">             296,254 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl104"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl105">               13,610 </td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 9px; width: 282pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl92" height="16" width="376">Warrants to purchase shares</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl87">                        - </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl83"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl87">             467,882 </td></tr> <tr style="height: 11.25pt;"> <td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 9px; width: 282pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; background: #ccffff; height: 11.25pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl101" height="15" width="376">Non-vested portion of restricted awards</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl105">             122,035 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl104"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl105">                        - </td></tr> <tr style="height: 22.5pt;"> <td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 282pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; height: 22.5pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl93" height="30" width="376">Weighted-average number of shares outstanding for      diluted earnings per share</td> <td style="border-bottom: windowtext 0.5pt solid; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: windowtext 0.5pt solid; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl88">      127,893,176 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl83"> </td> <td style="border-bottom: windowtext 0.5pt solid; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: windowtext 0.5pt solid; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl88">      126,747,395 </td></tr> <tr style="height: 14.25pt;"> <td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; height: 14.25pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl102" height="19">Diluted earnings per share</td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl106"> $                0.56 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl104"> </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl106"> $                0.57 </td></tr> <tr style="height: 6.75pt;"> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 6.75pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl83" height="9"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl86"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl83"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl83"> </td></tr></table></div>   The following table summarizes the share equivalent of potentially dilutive securities that have been excluded from the denominator used in the calculation of diluted earnings per share due to their antidilutive effect: <div> <table style="width: 409pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="546"> <tr style="height: 11.25pt;"> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 283pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 11.25pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80" height="15" width="377"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 59pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80" width="79"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 8pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80" width="11"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 59pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80" width="79"> </td></tr> <tr style="height: 12.75pt;"> <td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 9px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 12.75pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" height="17"> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl85" colspan="3">Fiscal Three Months Ended</td></tr> <tr style="height: 25.5pt;"> <td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 9px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 25.5pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" height="34"> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 59pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl84" width="79">March 31, 2010</td> <td style="border-bottom: medium none; text-align: center; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl77"> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 59pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl84" width="79">March 31, 2009</td></tr> <tr style="height: 6pt;"> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 6pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80" height="8"> </td> <td style="border-bottom: medium none; text-align: center; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 59pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl79" width="79"> </td> <td style="border-bottom: medium none; text-align: center; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 8pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl78" width="11"> </td> <td style="border-bottom: medium none; text-align: center; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 59pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl79" width="79"> </td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80" height="16">Shares issuable under outstanding options not included in the </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80"> </td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 9px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" height="16">computation of diluted earnings per share because the assumed </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80"> </td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 9px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" height="16">proceeds were greater than the average share price for the period</td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl83">       1,369,135 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl82"> </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl83">       3,011,039 </td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80" height="16"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80"> </td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80" height="16">Non-vested portion of restricted awards not included</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl82"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl82"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl82"> </td></tr> <tr style="height: 11.25pt;"> <td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 9px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 11.25pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" height="15">in the computation of diluted earnings per </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl82"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl82"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl82"> </td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 9px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" height="16">share due to their antidilutive effect</td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl83">                      - </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl82"> </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl83">          939,073 </td></tr></table></div> <div> </div>   Share-Based Compensation Plans — We estimate the fair value of each option award on the date of grant using the Black-Scholes option valuation model. We then recognize the grant date fair value of each option as compensation expense ratably using the straight-line attribution method over the service period (generally the vesting period). The Black-Scholes model incorporates the following assumptions: ·         Expected volatility – we estimate the volatility of our share price at the date of grant using historical volatility adjusted for periods of unusual stock price activity. ·         Expected term – we estimate the expected term using the "simplified" method, as outlined in Staff Accounting Bulletin No. 107, "Share-Based Payment."  ·         Risk-free interest rate – we estimate the risk-free interest rate using the U.S. Treasury yield curve for periods equal to the expected term of the options in effect at the time of grant. ·         Dividends – we use an expected dividend yield of zero because we have not declared or paid a cash dividend since July 2001 and we do not have any plans to declare or pay any cash dividends.   We used the following weighted-average assumptions to estimate the fair value of the options granted for the periods indicated: <div> <table style="width: 421pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="560"> <tr style="height: 12.95pt;"> <td style="border-bottom: medium none; border-left: medium none; font-style: normal; padding-left: 1px; width: 278pt; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 12.95pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl82" height="17" width="371"> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; border-left: medium none; font-style: normal; padding-left: 1px; width: 143pt; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: middle; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl91" width="189" colspan="3"> Fiscal Three Months Ended </td></tr> <tr style="height: 26.1pt;"> <td style="border-bottom: medium none; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 26.1pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl82" height="34"> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; border-left: medium none; font-style: normal; padding-left: 1px; width: 65pt; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: normal; color: windowtext; font-size: 8pt; vertical-align: middle; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl84" width="86">March 31, 2010</td> <td style="border-bottom: medium none; text-align: center; border-left: medium none; font-style: normal; padding-left: 1px; width: 13pt; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: normal; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl85" width="17"> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: center; border-left: medium none; font-style: normal; padding-left: 1px; width: 65pt; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: normal; color: windowtext; font-size: 8pt; vertical-align: middle; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl84" width="86">March 31, 2009</td></tr> <tr style="height: 6pt;"> <td style="border-bottom: medium none; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 6pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl83" height="8"> </td> <td style="border-bottom: medium none; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl83"> </td> <td style="border-bottom: medium none; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl83"> </td> <td style="border-bottom: medium none; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl83"> </td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl86" height="16">Expected volatility</td> <td style="border-bottom: medium none; text-align: center; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl87">67.43%</td> <td style="border-bottom: medium none; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl88"> </td> <td style="border-bottom: medium none; text-align: center; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl87">68.27%</td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl83" height="16">Expected term</td> <td style="border-bottom: medium none; text-align: center; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl89">4.1 years</td> <td style="border-bottom: medium none; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl83"> </td> <td style="border-bottom: medium none; text-align: center; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl89">3.33 years</td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl86" height="16">Risk-free interest rate</td> <td style="border-bottom: medium none; text-align: center; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl87">1.92%</td> <td style="border-bottom: medium none; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl86"> </td> <td style="border-bottom: medium none; text-align: center; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; background: #ccffff; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl87">1.50%</td></tr> <tr style="height: 12pt;"> <td style="border-bottom: medium none; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 12pt; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl83" height="16">Expected dividend yield</td> <td style="border-bottom: medium none; text-align: center; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl90">0%</td> <td style="border-bottom: medium none; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl83"> </td> <td style="border-bottom: medium none; text-align: center; border-left: medium none; font-style: normal; padding-left: 1px; padding-right: 1px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 8pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 1px;" class="xl90">0%</td></tr></table></div> We estimate the fair value of restricted awards using the market price of our shares on the date of grant. We then recognize the fair value of each restricted award as compensation cost ratably using the straight-line attribution method over the service period (generally the vesting period). We estimate pre-vesting forfeitures at the time of grant using a combination of historical data and demographic characteristics, and we revise those estimates in subsequent periods if actual forfeitures differ from those estimates. We record share-based compensation expense only for those awards that are expected to vest.</div></td></tr> <tr valign="top"> <td> </td> <td> </td></tr></table> <div style="margin-top: 6pt; font-size: 1pt;"> </div> <div style="text-indent: 4%; font-family: 'Times New Roman', Times; background: #ffffff; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"> </div> <div style="margin-top: 6pt; font-size: 1pt;"> </div> </div> </div> 1.       Summary of Significant Accounting Policies Basis of Presentation — The fiscal year of Foster Wheeler AG ends on false false false This element may be used to describe all significant accounting policies of the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 22 -Paragraph 8 false false 1 1 false UnKnown UnKnown UnKnown false true