awards not involving shares, shall be available again for grant under the various plans. The aggregate number of shares of TSYS stock which may be granted to participants pursuant to awards granted under the various plans may not exceed the following: Total System Services, Inc. 2008 Omnibus Plan ‒ 17 million shares; Total System Services, Inc. 2007 Omnibus Plan ‒ 5 million shares; Total System Services, Inc. 2002 Long-Term Incentive Plan ‒ 9.4 million shares; and Total System Services, Inc. 2000 Long-Term Incentive Plan ‒ 2.4 million shares. Effective February 1, 2010, no additional awards may be made from the Total System Services, Inc. 2000 Long-Term Incentive Plan. TSYS does not include amounts associated with share-based com- pensation as costs capitalized as software development and contract acquisition costs as these awards are typically granted to individuals not involved in capitalizable activities. For the year ended Decem- ber 31, 2010, share-based compensation was $15.8 million com- pared to $16.2 million and $17.8 million (excluding $6.8 million included in spin-related expenses) for the same periods in 2009 and 2008, respectively. TSYS’share-based compensation costs are included as expenses and classified as cost of services and selling, general and administrative. Nonvested Awards: The Company granted shares of TSYS common stock to certain key employees and non-management members of its Board of Directors under nonvested stock bonus awards for services to be provided in the future by such officers, directors and employees. The following table summarizes the number of shares granted each year: Share-Based Compensation 2010 2009 2008 Numberofshares ................................................... 197,186 513,920 697,911 Marketvalue....................................................... $3.1 million $6.8 million $15.3 million A summary of the status of TSYS’ nonvested shares as of December 31, 2010, 2009 and 2008, respectively, and the changes during the periods are presented below: Nonvested shares (in thousands, except per share data) Shares Weighted Average Grant-Date Fair Value Shares Grant-Date Fair Value Shares Weighted Average Grant-Date Fair Value 2010 2009 2008 Outstanding at beginning of year. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,084 $18.60 1,014 $23.46 591 $26.15 Granted.............................................. 197 15.55 514 13.28 698 21.89 Vested............................................... (416) 20.63 (414) 23.77 (258) 25.24 Forfeited/canceled ...................................... (44) 17.32 (30) 20.34 (17) 25.19 Outstanding at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 821 $16.91 1,084 $18.60 1,014 $23.46 As of December 31, 2010, there was approximately $8.0 million of total unrecognized compensation cost related to nonvested share- based compensation arrangements. That cost is expected to be recognized over a remaining weighted average period of 1.8 years. In March 2010, TSYS authorized a total grant of 279,831 performance shares to certain key executives with a performance based vesting schedule (2010 performance shares). These 2010 performance shares have a 2010-2012 performance period for which the Compensation Committee established two performance goals: compound growth in revenues before reimbursables and income from continuing operations using the 2010 annual operating plan as the base. The Compensation Committee will certify the attainment level of such goals following the end of 2012, and the number of performance shares that will vest, up to a maximum of 200% of the total grant. Compensation expense for the award is measured on the grant date based on the quoted market price of TSYS common stock. The Company will estimate the probability of achieving the goals through the performance period and will expense the award on a straight-line basis. As of December 31, 2010, there was approximately $2.9 million of total unrecognized compensation cost related to the 2010 performance shares compensation arrangement. That cost is expected to be recognized until the end of 2012. During 2008 and 2005, respectively, TSYS authorized a grant of non-vested awards to two key executives with separate performance vesting schedules. These grants have separate one-year performance periods that vest over five to seven years during each of which the Compensation Committee establishes an earnings per share goal and, if such goal is attained during any performance period, 20% of the performance-based shares will vest, up to a maximum of 100% of the total grant. Compensation expense for each year’s award is measured on the grant date based on the quoted market price of TSYS common stock and is expensed on a straight-line basis for the year. 47