MetLife, Inc.  Notes to the Consolidated Financial Statements — (Continued) Assets and liabilities held for insolvency assessments were as follows:
## Table 0 ##
(1) The Company holds a receivable from the seller of a prior acquisition in accordance with the purchase agreement.
On September 1, 2011, the New York State Department of Financial Services filed a liquidation plan for Executive Life Insurance Company of New York (“ELNY”), which had been under rehabilitation by the Liquidation Bureau since 1991.
The plan will involve the satisfaction of insurers’ financial obligations under a number of state life and health insurance guaranty associations and also contemplates that additional industry support for certain ELNY policyholders will be provided.
The Company recorded a net charge of $40 million, after tax, related to ELNY.
Argentina The Argentine economic, regulatory and legal environment, including interpretations of laws and regulations by regulators and courts, is uncertain.
Potential legal or governmental actions related to pension reform, fiduciary responsibilities, performance guarantees, insurance regulations and tax rulings could adversely affect the results of the Company.
In 2007, pension reform legislation in Argentina was enacted which instituted substantial pension reforms, as well as reforms to death and disability insurance coverage.
The reform reinstituted the Argentine government’s pension plan system and allowed for pension participants to transfer their future contributions to the Argentine government pension plan system.
The death and disability insurance reforms relieved the Company of its obligation to provide death and disability policy coverages and resulted in the elimination of related insurance liabilities.
In December 2008, the Argentine government, through adoption of the nationalization law, which nationalized the Social Security System by moving all pension fund assets and new contributions to the government-run “pay as you go” system, effectively eliminated private pension companies in Argentina.
In March 2009, in light of market developments resulting from the Argentine Supreme Court ruling against the 2002 pesification law and the implementation by the Company of a program to allow the contractholders that had not filed a lawsuit to convert to U. S.  dollars the social security annuity contracts denominated in pesos by the pesification law, the Company reduced its related outstanding contingent liabilities by $108 million, net of income tax, which was partially offset by the establishment of contingent liabilities from the implementation of the program to convert these contracts to U. S.  dollars of $13 million, net of income tax, resulting in a decrease to net loss of $95 million, net of income tax, for the year ended December 31, 2009.
In February 2011, the Argentine Superintendent of Insurance (“SSN”) enacted Resolution No.35,615, which affects the reinsurance regulatory framework.
From September 1, 2011, cross-border reinsurance operations were effectively prohibited, with some minor exceptions: Foreign reinsurers that have not set up an Argentine reinsurance subsidiary or branch are only able to underwrite risks from Argentine cedants when, due to the importance and type of risk to be ceded, there is no local capacity and subject to the approval of the SSN (which will be granted on a case by case basis) and to the registration of such foreign reinsurer with the SSN.
In October 2011, the SSN enacted Resolution No.36,162 which affects the Company’s ability to invest and diversify abroad.
From November 4, 2011, insurers will have a term of: (i) 10 business days to file with the SSN an affidavit, reporting all investments located abroad; and (ii) 50 calendar days to evidence with the SSN the transfer to Argentina of all the investments and funds located abroad.
All investments and funds must be located in Argentina no later than December 31, 2011.
The Company was in compliance with this resolution at December 31, 2011.
Further governmental or legal actions are possible in Argentina.
Such actions may impact the level of existing assets and liabilities or may create additional obligations or benefits to the Company’s operations in Argentina.
Management has made its best estimate of its obligations based upon information currently available; however, further governmental or legal actions could result in changes in rights and obligations which could materially impact the amounts presented in the consolidated financial statements.
notes to consolidated financial statements(continued) $11,080,000, in the years ended December 31, 2006, 2005 and 2004, respectively.
The remaining unrecognized compensation cost related to unvestedawards at December 31, 2006, was $7,702,000 and the weighted-average period of time over which this cost will be recognized is 3.3 years.
Employee Stock Purchase Plan The Company’s employee stock purchase plan permits all eligible employees to purchase shares of the Company’s common stock at 85% of the fairmarket value.
Participants may authorize the Company to withhold up to 5% of their annual salary to participate in the plan.
The stock purchase planauthorizes up to 2,600,000 shares to be granted.
During the year ended December 31, 2006, the Company issued 165,306 shares under the purchaseplan at a weighted average price of $27.36 per share.
During the year ended December 31, 2005, the Company issued 161,903 shares under the purchaseplan at a weighted average price of $27.57 per share.
During the year ended December 31, 2004, the Company issued 187,754 shares under the purchase plan at a weighted average price of $20.85 per share.
SFAS No.123R requires compensation expense to be recognized based on the discountbetween the grant date fair value and the employee purchase price for shares sold to employees.
During the year ended December 31, 2006, the Companyrecorded $799,000 of compensation cost related to employee share purchases and a corresponding income tax benefit of $295,000.
At December 31,2006, approximately 400,000 shares were reserved for future issuance.
Other Employee Benefit Plans The Company sponsors a contributory profit sharing and savings plan that covers substantially all employees who are at least 21 years of age and haveat least six months of service.
The Company has agreed to make matching contributions equal to 50% of the first 2% of each employee’s wages that are contributed and 25% of the next 4% of each employee’s wages that are contributed.
The Company also makes additional discretionary profit sharingcontributions to the plan on an annual basis as determined by the Board of Directors.
The Company’s matching and profit sharing contributions underthis plan are funded in the form of shares of the Company’s common stock.
A total of 4,200,000 shares of common stock have been authorized forissuance under this plan.
During the year ended December 31, 2006, the Company recorded $6,429,000 of compensation cost for contributions tothis plan and a corresponding income tax benefit of $2,372,000.
During the year ended December 31, 2005, the Company recorded $6,606,000 ofcompensation cost for contributions to this plan and a corresponding income tax benefit of $2,444,000.
During the year ended December 31, 2004,the Company recorded $5,278,000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $1,969,000.
Thecompensation cost recorded in 2006 includes matching contributions made in 2006 and profit sharing contributions accrued in 2006 to be fundedwith issuance of shares of common stock in 2007.
The Company issued 204,000 shares in 2006 to fund profit sharing and matching contributionsat an average grant date fair value of $34.34.
The Company issued 210,461 shares in 2005 to fund profit sharing and matching contributions at anaverage grant date fair value of $25.79.
The Company issued 238,828 shares in 2004 to fund profit sharing and matching contributions at an averagegrant date fair value of $19.36.
A portion of these shares related to profit sharing contributions accrued in prior periods.
At December 31, 2006,approximately 1,061,000 shares were reserved for future issuance under this plan.
The Company has in effect a performance incentive plan for the Company’s senior management under which the Company awards shares of restrictedstock that vest equally over a three-year period and are held in escrow until such vesting has occurred.
Shares are forfeited when an employee ceasesemployment.
A total of 800,000 shares of common stock have been authorized for issuance under this plan.
Shares awarded under this plan are valuedbased on the market price of the Company’s common stock on the date of grant and compensation cost is recorded over the vesting period.
The Companyrecorded $416,000 of compensation cost for this plan for the year ended December 31, 2006 and recognized a corresponding income tax benefit of$154,000.
The Company recorded $289,000 of compensation cost for this plan for the year ended December 31, 2005 and recognized a correspondingincome tax benefit of $107,000.
The Company recorded $248,000 of compensation cost for this plan for the year ended December 31, 2004 and recognized a corresponding income tax benefit of $93,000.
The total fair value of shares vested (at vest date) for the years ended December 31,2006,2005 and 2004 were $503,000, $524,000 and $335,000, respectively.
The remaining unrecognized compensation cost related to unvested awards atDecember 31, 2006 was $536,000.
The Company awarded 18,698 shares under this plan in 2006 with an average grant date fair value of $33.12.
The Company awarded 14,986 shares under this plan in 2005 with an average grant date fair value of $25.41.
The Company awarded 15,834 sharesunder this plan in 2004 with an average grant date fair value of $19.05.
Compensation cost for shares awarded in 2006 will be recognized over thethree-year vesting period.
Changes in the Company’s restricted stock for the year ended December 31, 2006 were as follows:
## Table 1 ##
At December 31, 2006, approximately 659,000 shares were reserved for future issuance under this plan.
Item 6.
Selected Financial Data The table below compares O’Reilly Automotive, Inc. ’s (the “Company”) selected financial data over a ten-year period.
## Table 2 ##

<table><tr><td></td><td colspan="2"> December 31,</td></tr><tr><td></td><td> 2011</td><td> 2010</td></tr><tr><td></td><td colspan="2"> (In millions)</td></tr><tr><td>Other Assets:</td><td></td><td></td></tr><tr><td>Premium tax offset for future undiscounted assessments</td><td>$97</td><td>$55</td></tr><tr><td>Premium tax offsets currently available for paid assessments</td><td>14</td><td>8</td></tr><tr><td>Receivable for reimbursement of paid assessments -1</td><td>6</td><td>6</td></tr><tr><td></td><td>$117</td><td>$69</td></tr><tr><td>Other Liabilities:</td><td></td><td></td></tr><tr><td>Insolvency assessments</td><td>$193</td><td>$94</td></tr></table>
<table><tr><td></td><td>Shares</td><td>Weighted-Average Grant Date Fair Value</td></tr><tr><td>Non-vested at December 31, 2005</td><td>15,052</td><td>$22.68</td></tr><tr><td>Granted during the period</td><td>18,698</td><td>33.12</td></tr><tr><td>Vested during the period</td><td>-15,685</td><td>26.49</td></tr><tr><td>Forfeited during the period</td><td>-1,774</td><td>27.94</td></tr><tr><td>Non-vested at December 31, 2006</td><td>16,291</td><td>$30.80</td></tr></table>
<table><tr><td>Years ended December 31,</td><td>2016</td><td>2015</td><td>2014</td><td>2013</td><td>2012</td><td>2011</td><td>2010</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>(In thousands, except per share, Team Members, stores and ratio data)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>INCOME STATEMENT DATA:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales ($)</td><td>8,593,096</td><td>7,966,674</td><td>7,216,081</td><td>6,649,237</td><td>6,182,184</td><td>5,788,816</td><td>5,397,525</td><td>4,847,062</td><td>3,576,553</td><td>2,522,319</td></tr><tr><td>Cost of goods sold, including warehouse and distribution expenses</td><td>4,084,085</td><td>3,804,031</td><td>3,507,180</td><td>3,280,236</td><td>3,084,766</td><td>2,951,467</td><td>2,776,533</td><td>2,520,534</td><td>1,948,627</td><td>1,401,859</td></tr><tr><td>Gross profit</td><td>4,509,011</td><td>4,162,643</td><td>3,708,901</td><td>3,369,001</td><td>3,097,418</td><td>2,837,349</td><td>2,620,992</td><td>2,326,528</td><td>1,627,926</td><td>1,120,460</td></tr><tr><td>Selling, general and administrative expenses</td><td>2,809,805</td><td>2,648,622</td><td>2,438,527</td><td>2,265,516</td><td>2,120,025</td><td>1,973,381</td><td>1,887,316</td><td>1,788,909</td><td>1,292,309</td><td>815,309</td></tr><tr><td>Former CSK officer clawback</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>-2,798</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Legacy CSK Department of Justice investigation charge</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>20,900</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Operating income</td><td>1,699,206</td><td>1,514,021</td><td>1,270,374</td><td>1,103,485</td><td>977,393</td><td>866,766</td><td>712,776</td><td>537,619</td><td>335,617</td><td>305,151</td></tr><tr><td>Write-off of asset-based revolving credit agreement debt issuance costs</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>-21,626</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Termination of interest rate swap agreements</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>-4,237</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Gain on settlement of note receivable</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>11,639</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Other income (expense), net</td><td>-62,015</td><td>-53,655</td><td>-48,192</td><td>-44,543</td><td>-35,872</td><td>-25,130</td><td>-35,042</td><td>-40,721</td><td>-33,085</td><td>2,337</td></tr><tr><td>Total other income (expense)</td><td>-62,015</td><td>-53,655</td><td>-48,192</td><td>-44,543</td><td>-35,872</td><td>-50,993</td><td>-23,403</td><td>-40,721</td><td>-33,085</td><td>2,337</td></tr><tr><td>Income before income taxes</td><td>1,637,191</td><td>1,460,366</td><td>1,222,182</td><td>1,058,942</td><td>941,521</td><td>815,773</td><td>689,373</td><td>496,898</td><td>302,532</td><td>307,488</td></tr><tr><td>Provision for income taxes</td><td>599,500</td><td>529,150</td><td>444,000</td><td>388,650</td><td>355,775</td><td>308,100</td><td>270,000</td><td>189,400</td><td>116,300</td><td>113,500</td></tr><tr><td>Net income ($)</td><td>1,037,691</td><td>931,216</td><td>778,182</td><td>670,292</td><td>585,746</td><td>507,673</td><td>419,373</td><td>307,498</td><td>186,232</td><td>193,988</td></tr><tr><td>Basic earnings per common share:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share – basic ($)</td><td>10.87</td><td>9.32</td><td>7.46</td><td>6.14</td><td>4.83</td><td>3.77</td><td>3.02</td><td>2.26</td><td>1.50</td><td>1.69</td></tr><tr><td>Weighted-average common shares outstanding – basic</td><td>95,447</td><td>99,965</td><td>104,262</td><td>109,244</td><td>121,182</td><td>134,667</td><td>138,654</td><td>136,230</td><td>124,526</td><td>114,667</td></tr><tr><td>Earnings per common share -assuming dilution:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share – assuming dilution ($)</td><td>10.73</td><td>9.17</td><td>7.34</td><td>6.03</td><td>4.75</td><td>3.71</td><td>2.95</td><td>2.23</td><td>1.48</td><td>1.67</td></tr><tr><td>Weighted-average common shares outstanding – assuming dilution</td><td>96,720</td><td>101,514</td><td>106,041</td><td>111,101</td><td>123,314</td><td>136,983</td><td>141,992</td><td>137,882</td><td>125,413</td><td>116,080</td></tr><tr><td>SELECTED OPERATING DATA:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Number of Team Members at year end</td><td>74,580</td><td>71,621</td><td>67,569</td><td>61,909</td><td>53,063</td><td>49,324</td><td>46,858</td><td>44,880</td><td>40,735</td><td>23,576</td></tr><tr><td>Number of stores at year end (a)</td><td>4,829</td><td>4,571</td><td>4,366</td><td>4,166</td><td>3,976</td><td>3,740</td><td>3,570</td><td>3,421</td><td>3,285</td><td>1,830</td></tr><tr><td>Total store square footage at year end (b)</td><td>35,123</td><td>33,148</td><td>31,591</td><td>30,077</td><td>28,628</td><td>26,530</td><td>25,315</td><td>24,200</td><td>23,205</td><td>12,439</td></tr><tr><td>Sales per weighted-average store (c)($)</td><td>1,826</td><td>1,769</td><td>1,678</td><td>1,614</td><td>1,590</td><td>1,566</td><td>1,527</td><td>1,424</td><td>1,379</td><td>1,430</td></tr><tr><td>Sales per weighted-average square foot (b)(d)($)</td><td>251</td><td>244</td><td>232</td><td>224</td><td>224</td><td>221</td><td>216</td><td>202</td><td>201</td><td>212</td></tr><tr><td>Percentage increase in comparable store sales (e)(f)</td><td>4.8%</td><td>7.5%</td><td>6.0%</td><td>4.6%</td><td>3.5%</td><td>4.6%</td><td>8.8%</td><td>4.8%</td><td>1.3%</td><td>3.7%</td></tr></table>

Question: what was the total value of the shares awarded under this plan in 2006 based on grant date value?
Answer: 619277.76