Company: CRL
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001100682-25-000011
Chunk: 187

Company: CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 187
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$62,648 No stock-based compensation related costs were capitalized in fiscal years 2024, 2023, and 2022.Stock OptionsThe following table summarizes stock option activity under the Company’s stock-based compensation plans:Number of sharesWeighted AverageExercise PriceWeighted AverageRemainingContractual LifeAggregateIntrinsicValue(in thousands)(in years)(in thousands)Options outstanding as of December 30, 2023789 $218.97   Options granted113 $210.81   Options exercised(158)$151.09   Options canceled(34)$252.32   Options outstanding as of December 28, 2024710 $231.19 7.2$1,337 Options exercisable as of December 28, 2024407 $234.09 6.4$1,337 Options expected to vest as of December 28, 2024303 $227.29 8.3$— The fair value of stock options granted was estimated using the Black-Scholes option-pricing model with the following weighted-average assumptions:Fiscal Year202420232022Expected life (in years)6.06.06.0Expected volatility37 %36 %33 %Risk-free interest rate4.4 %3.8 %2.7 %Expected dividend yield0 %0 %0 %The weighted-average grant date fair value of stock options granted was $92.21, $80.98, and $90.05 for fiscal years 2024, 2023, and 2022, respectively.As of December 28, 2024, the unrecognized compensation cost related to unvested stock options expected to vest was $14.4 million. This unrecognized compensation will be recognized over an estimated weighted-average amortization period of 1.9 years.The total intrinsic value of options exercised during fiscal years 2024, 2023, and 2022 was $12.8 million, $18.2 million, and $33.2 million, respectively, with intrinsic value defined as the difference between the market price on the date of exercise and the exercise price.

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CHARLES RIVER LABORATORIES INTERNATIONAL, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Restricted Stock UnitsThe following table summarizes the restricted stock units activity for fiscal year 2024:Restricted Stock UnitsWeighted Average Grant Date Fair Value(in thousands)December