text: **REPUBLIC SERVICES, INC. AND SUBSIDIARIES**
  
  **NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**
  **(All tables in millions, except per share data) Ì (Continued)**
  
  SFAS 123(R) must be adopted no later than July 1, 2005. Early adoption will be permitted in periods in 
  which Ñnancial statements have not been issued. The Company expects to adopt SFAS 123(R) on July 1, 
  2005. 
  
  SFAS 123(R) permits public companies to adopt its requirements using one of two methods: 
  
  1. A ""modiÑed-prospective'' method in which compensation cost is recognized beginning with the 
  eÅective date (a) based on the requirements of SFAS 123(R) for all share-based payments 
  granted after the eÅective date and (b) based on the requirements of SFAS 123 for all awards 
  granted to employees prior to the eÅective date of SFAS 123(R) that remain unvested on the 
  eÅective date. 
  
  2. A ""modiÑed-retrospective'' method which includes the requirements of the modiÑed-prospective 
  method described above, but also permits entities to restate based on the amounts previously 
  reÖected in their SFAS 123 pro forma disclosures either (a) all prior periods presented or 
  (b) prior interim periods of the year of adoption. 