XML 54 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2011
Share-based compensation  
Schedule of stock awards outstanding

 

 

 

 

As of December 31, 2011

 

 

 

DISH Network Awards

 

EchoStar Awards

 

Stock Awards Outstanding

 

Stock
Options

 

Restricted
Stock
Units

 

Stock
Options

 

Restricted
Stock
Units

 

Held by DISH Network employees

 

18,630,441

 

1,189,709

 

762,094

 

54,286

 

Held by EchoStar employees

 

2,705,718

 

94,999

 

N/A

 

N/A

 

Total

 

21,336,159

 

1,284,708

 

762,094

 

54,286

 

Schedule of exercise prices for stock options outstanding and exercisable

 

 

 

 

Options Outstanding

 

Options Exercisable

 

 

 

Number
Outstanding
as of
December 31,
2011

 

Weighted-
Average
Remaining
Contractual
Life

 

Weighted-
Average
Exercise
Price

 

Number
Exercisable
as of
December 31,
2011

 

Weighted-
Average
Remaining
Contractual
Life

 

Weighted-
Average
Exercise
Price

 

$   -        -     $ 10.00

 

4,494,455

 

5.68

 

$

9.01

 

1,439,655

 

5.75

 

$

8.83

 

$10.01   -     $ 15.00

 

834,288

 

6.49

 

$

14.01

 

205,651

 

6.41

 

$

13.96

 

$15.01   -     $ 20.00

 

2,380,215

 

8.15

 

$

18.15

 

149,676

 

6.61

 

$

18.16

 

$20.01   -     $ 25.00

 

8,195,584

 

4.10

 

$

22.56

 

3,908,084

 

3.29

 

$

22.45

 

$25.01   -     $ 30.00

 

2,651,562

 

5.02

 

$

26.43

 

1,908,613

 

4.48

 

$

26.43

 

$30.01   -     $ 35.00

 

2,741,555

 

8.46

 

$

31.44

 

755,604

 

6.48

 

$

32.73

 

$35.01   -     $ 40.00

 

38,500

 

5.65

 

$

36.74

 

22,400

 

5.61

 

$

36.68

 

$   -        -     $ 40.00

 

21,336,159

 

5.66

 

$

20.53

 

8,389,683

 

4.41

 

$

21.70

 

Schedule of stock option activity

 

 

 

 

For the Years Ended December 31,

 

 

 

2011

 

2010

 

2009

 

 

 

Options

 

Weighted-
Average
Exercise
Price

 

Options

 

Weighted-
Average
Exercise
Price

 

Options

 

Weighted-
Average
Exercise
Price

 

Total options outstanding, beginning of period (1)

 

21,918,500

 

$

18.62

 

21,861,691

 

$

21.71

 

21,835,687

 

$

22.50

 

Granted

 

3,246,000

 

$

28.55

 

2,450,500

 

$

18.34

 

3,077,000

 

$

15.69

 

Exercised

 

(2,347,341

)

$

15.73

 

(448,729

)

$

9.23

 

(356,793

)

$

8.95

 

Forfeited and cancelled

 

(1,481,000

)

$

17.44

 

(1,944,962

)

$

22.26

 

(2,694,203

)

$

22.93

 

Total options outstanding, end of period

 

21,336,159

 

$

20.53

 

21,918,500

 

$

18.62

 

21,861,691

 

$

21.71

 

Performance based options outstanding, end of period (2)

 

9,549,375

 

$

19.20

 

10,978,750

 

$

15.98

 

9,362,500

 

$

17.23

 

Exercisable at end of period

 

8,389,683

 

$

21.70

 

7,590,264

 

$

22.83

 

8,062,091

 

$

27.74

 

 

(1)         The beginning of period weighted-average exercise price for the year ended December 31, 2010 of $21.71 does not reflect the 2009 Stock Option Adjustment, which occurred subsequent to December 31, 2009.

(2)         These stock options are included in the caption “Total options outstanding, end of period.”  See discussion of the 2005 LTIP, 2008 LTIP and other employee performance awards below.

Schedule of realized tax benefits from stock awards exercised

 

 

 

 

For the Years Ended December 31,

 

 

 

2011

 

2010

 

2009

 

 

 

(In thousands)

 

Tax benefit from stock awards exercised

 

$

9,911

 

$

1,665

 

$

1,116

 

Schedule of aggregate intrinsic value of stock options outstanding and exercisable

 

 

 

 

As of December 31, 2011

 

 

 

Options
Outstanding

 

Options
Exercisable

 

 

 

(In thousands)

 

Aggregate intrinsic value

 

$

178,503

 

$

60,623

 

Schedule of restricted stock unit activity

 

 

 

 

For the Years Ended December 31,

 

 

 

2011

 

2010

 

2009

 

 

 

Restricted
Stock
Units

 

Weighted-
Average
Grant Date
Fair Value

 

Restricted
Stock
Units

 

Weighted-
Average
Grant Date
Fair Value

 

Restricted
Stock
Units

 

Weighted-
Average
Grant Date
Fair Value

 

Total restricted stock units outstanding, beginning of period

 

1,564,332

 

$

23.00

 

1,246,284

 

$

25.93

 

1,975,940

 

$

27.44

 

Granted

 

300,000

 

$

30.67

 

600,000

 

$

18.15

 

6,666

 

$

11.11

 

Vested

 

(70,830

)

$

27.15

 

(69,875

)

$

31.36

 

(113,197

)

$

28.47

 

Forfeited and cancelled

 

(508,794

)

$

27.32

 

(212,077

)

$

23.77

 

(623,125

)

$

30.09

 

Total restricted stock units outstanding, end of period

 

1,284,708

 

$

23.25

 

1,564,332

 

$

23.00

 

1,246,284

 

$

25.93

 

Restricted Performance Units outstanding, end of period (1)

 

1,284,708

 

$

23.25

 

1,494,457

 

$

22.61

 

1,096,034

 

$

25.18

 

 

(1)         These Restricted Performance Units are included in the caption “Total restricted stock units outstanding, end of period.”  See discussion of the 2005 LTIP, 2008 LTIP and other employee performance awards below.

Schedule of non-cash, stock-based compensation expense recognized

 

 

 

For the Years Ended December 31,

 

Non-Cash, Stock-Based Compensation Expense Recognized

 

2011

 

2010

 

2009

 

 

 

(In thousands)

 

2008 LTIP

 

$

19,230

 

$

2,984

 

$

3,560

 

Other employee performance awards

 

10

 

271

 

234

 

Total non-cash, stock-based compensation expense recognized for performance based awards

 

$

19,240

 

$

3,255

 

$

3,794

 

Schedule of awards outstanding pursuant to performance-based stock incentive plans

 

 

 

 

As of December 31, 2011

 

Performance Based Stock Options

 

Number of
Awards

 

Weighted-
Average
Exercise
Price

 

2005 LTIP

 

3,278,500

 

$

22.92

 

2008 LTIP

 

3,270,875

 

$

11.84

 

Other employee performance awards

 

3,000,000

 

$

23.16

 

Total

 

9,549,375

 

$

19.20

 

 

Restricted Performance Units and Other

 

 

 

2005 LTIP

 

363,163

 

2008 LTIP

 

21,545

 

Other employee performance awards

 

900,000

 

Total

 

1,284,708

 

Schedule of allocated non-cash, stock-based compensation expense for all employees

 

 

 

 

For the Years Ended December 31,

 

 

 

2011

 

2010

 

2009

 

 

 

(In thousands)

 

Subscriber-related

 

$

1,914

 

$

1,160

 

$

1,069

 

General and administrative

 

29,607

 

14,227

 

11,158

 

Total non-cash, stock-based compensation

 

$

31,521

 

$

15,387

 

$

12,227

 

Schedule of assumptions of Black-Scholes option valuation model

 

 

 

 

For the Years Ended December 31,

 

Stock Options

 

2011

 

2010

 

2009

 

Risk-free interest rate

 

0.36% - 3.18%

 

1.50% - 2.89%

 

1.70% - 3.19%

 

Volatility factor

 

31.74% - 45.56%

 

33.33% - 38.63%

 

29.72% - 45.97%

 

Expected term of options in years

 

3.6   - 10.0

 

5.2 - 7.5

 

3.0 - 7.3

 

Weighted-average fair value of options granted

 

$8.73   - $14.77

 

$6.83 - $8.14

 

$3.86 - $8.29

 

LTIP 2005
 
Share-based compensation  
Schedule of unrecognized non-cash, stock-based compensation expense under the 2005 LTIP

 

 

 

 

2005 LTIP

 

 

 

Total

 

Vested
Portion (1)

 

 

 

(In thousands)

 

DISH Network awards held by DISH Network employees

 

$

35,239

 

$

25,920

 

EchoStar awards held by DISH Network employees

 

6,913

 

5,078

 

Total

 

$

42,152

 

$

30,998

 

LTIP 2008 and Other Performance Awards
 
Share-based compensation  
Schedule of unrecognized non-cash, stock-based compensation expense under the 2005 LTIP

 

 

Estimated Remaining Non-Cash, Stock-Based Compensation Expense

 

2008 LTIP

 

Other
Employee
Performance
Awards

 

 

 

(In thousands)

 

Expense estimated to be recognized during 2012

 

$

4,637

 

$

162

 

Estimated contingent expense subsequent to 2012

 

3,457

 

51,258

 

Total estimated remaining expense over the term of the plan

 

$

8,094

 

$

51,420