Smith and Wesson, one of the world's leading manufacturers of firearms, was founded in 1852 by Horace Smith and Daniel B. Wesson (Form 10-K Annual Report p.1, 2011). Over the next 160 years the company was bought and sold several times, beginning with Mr. Wesson's purchase of Mr. Smith's interest in 1873. The Wesson family sold Smith & Wesson Corp. in 1965 and the company passed out of hand 4 more times between 1984 and 1984. its final resting place as Smith & Wesson Holding Company in 2001. They are one of the largest manufacturers of handguns and handcuffs in the United States and the largest U.S. exporter of handguns. They have a plant in Springfield Massachusetts, Houlton Maine and Rochester NY as well as a plant in Franklin Tennessee that produces a wide selection of pistols, modern sporting rifles, shotguns, black powder firearms, handcuffs, gun related products and accessories firearms (Form 10-K Annual Report p.1, 2011) Smith & Wesson Holding Company began trading its common stock on the American Stock Exchange in November 2002 under the symbol "SWB" and on the NASDAQ Global Select Market in July 2006 under the symbol "SWHC " (Annual Report 10-K P.35, 2011). There are 20,000,000 shares of preferred stock at authorized par value of $0.001, no shares issued or outstanding. Common Stock $0.001 par value 100,000,000 shares authorized of which 65,710,531 shares issued, 64,510,531 shares outstanding, 185,802,000 shares paid in capital and 1,200,000 treasury shares as of 4/30/11 ending year. (10-K Annual Report pF-3, 2011) Smith & Wesson has a stock option plan (SOP) for its employees and stock-based compensation. The shares issued under the SOP were 1,062,000 and the share-based remuneration was 1,680,000. (10-K Annual Report...... center of document ......ingfield.(2011). 10-K Annual Report p.2. Springfield.(2011). 10-K Annual Report p. 22 . Springfield.(2011). 10-K Annual Report p.3.(2011 10-K Springfield Annual Report.(2011). 10-K Annual Report p.49.(2011) 10-K Annual Report p.7 Annual Report pF-17.(2011). Annual Report 10-K pF-22.(2011 Annual Report p.F23.(2011). . Springfield.(2011). Annual Report 10-K P.F5.(2011 Report Annual Report 10-K Springfield.(2011). -K Annual Report p.1. John j Wild, KW (2011 Fundamental Accounting Principles Twentieth Edition p.187)..