Problem
On 1/1/20x1, Ma Lid grants 100 share options to each of its 50 employees on condition that the employee remains in service over the next 3 years. The company estimates that the fair value of each option is $15. The company also estimates that 10 employees will leave during the vesting period. During 20x1, four employees left and the company estimates that a further seven employees will leave by the end of the vesting period. By the end of 20x1, the company's share price has dropped, and it decides to reprice the share options. The repriced share option will vest at the end of 20x3. At the date of repricing, Ma Lid estimates that the fair value of each original share option is $5 and the fair value of each repriced share option is $8. During 20x2, another four employees left and the company estimates that another four employees will leave. What is Ma Lid's share option expense for the year ended 31 December 20x2?