Stock-Based Compensation |
Stock-Based Compensation We recognize stock-based compensation expense over the requisite service period. Our share-based awards are accounted for as equity instruments. The amounts included in the consolidated statements of operations relating to stock-based compensation are as follows (dollars in thousands): | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Nine Months Ended June 30, | 2013 | | 2012 | | 2013 | | 2012 | Cost of product and licensing | $ | 145 |
| | $ | 16 |
| | $ | 498 |
| | $ | 118 |
| Cost of professional services and hosting | 5,429 |
| | 6,765 |
| | 12,321 |
| | 17,276 |
| Cost of maintenance and support | 558 |
| | 321 |
| | 3,091 |
| | 626 |
| Research and development | 8,700 |
| | 7,454 |
| | 25,409 |
| | 19,307 |
| Selling and marketing | 13,261 |
| | 13,887 |
| | 42,634 |
| | 36,094 |
| General and administrative | 11,102 |
| | 17,165 |
| | 30,155 |
| | 42,995 |
| Total | $ | 39,195 |
| | $ | 45,608 |
| | $ | 114,108 |
| | $ | 116,416 |
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Stock Options The table below summarizes activity relating to stock options for the nine months ended June 30, 2013: | | | | | | | | | | | | | | | Number of Shares | | Weighted Average Exercise Price | | Weighted Average Remaining Contractual Term | | Aggregate Intrinsic Value(a) | Outstanding at September 30, 2012 | 6,139,280 |
| | $ | 11.24 |
| | | | | Exercised | (1,450,112 | ) | | $ | 6.95 |
| | | | | Forfeited | (54,180 | ) | | $ | 8.47 |
| | | | | Expired | (7,436 | ) | | $ | 8.78 |
| | | | | Outstanding at June 30, 2013 | 4,627,552 |
| | $ | 12.63 |
| | 3.0 years | | $ | 26.8 | million | Exercisable at June 30, 2013 | 4,593,210 |
| | $ | 12.62 |
| | 2.9 years | | $ | 26.6 | million | Exercisable at June 30, 2012 | 5,075,190 |
| | $ | 10.15 |
| | 2.8 years | | $ | 69.4 | million |
| | (a) | The aggregate intrinsic value in this table was calculated based on the positive difference, if any, between the closing market value of our common stock on June 30, 2013 ($18.40) and the exercise price of the underlying options. |
As of June 30, 2013, the total unamortized fair value of stock options was $0.4 million, with a weighted average remaining recognition period of 1.8 years. The weighted-average intrinsic value of stock options exercised during the nine months ended June 30, 2013 and 2012 was $20.2 million and $26.6 million, respectively. Restricted Units Restricted Units are not included in issued and outstanding common stock until the shares are vested and released. The purchase price for vested Restricted Units is $0.001 per share. The table below summarizes activity relating to Restricted Units for the nine months ended June 30, 2013: | | | | | | | | Number of Shares Underlying Restricted Units — Contingent Awards | | Number of Shares Underlying Restricted Units — Time-Based Awards | Outstanding at September 30, 2012 | 4,670,280 |
| | 7,740,612 |
| Granted | 2,781,691 |
| | 7,185,971 |
| Earned/released | (1,665,758 | ) | | (4,364,565 | ) | Forfeited | (381,375 | ) | | (519,249 | ) | Outstanding at June 30, 2013 | 5,404,838 |
| | 10,042,769 |
| Weighted average remaining recognition period of outstanding Restricted Units | 2.0 years |
| | 1.9 years |
| Unearned stock-based compensation expense of outstanding Restricted Units | $75.1 million | | $142.9 million | Aggregate intrinsic value of outstanding Restricted Units(a) | $99.4 million | | $184.8 million |
| | (a) | The aggregate intrinsic value in this table was calculated based on the positive difference between the closing market value of our common stock on June 30, 2013 ($18.40) and the purchase price of the underlying Restricted Units. |
A summary of weighted-average grant-date fair value for awards granted and intrinsic value of all Restricted Units vested during the periods noted is as follows: | | | | | | | | | | Nine Months Ended June 30, | 2013 | | 2012 | Weighted-average grant-date fair value per share | $ | 21.79 |
| | $ | 25.24 |
| Total intrinsic value of shares vested (in millions) | $ | 129.4 |
| | $ | 106.5 |
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Restricted Stock Awards Restricted Stock Awards are included in the issued and outstanding common stock at the date of grant. The table below summarizes activity related to Restricted Stock Awards for the nine months ended June 30, 2013: | | | | | | | | | Number of Shares Underlying Restricted Stock | | Weighted Average Grant Date Fair Value | Outstanding at September 30, 2012 | 750,000 |
| | $ | 25.80 |
| Granted | 750,000 |
| | $ | 22.32 |
| Vested | (250,000 | ) | | $ | 25.80 |
| Outstanding at June 30, 2013 | 1,250,000 |
| | $ | 23.71 |
| Weighted average remaining recognition period of outstanding Restricted Awards | 1.9 years |
| | | Unearned stock-based compensation expense of outstanding Restricted Awards | $20.2 million | | | Aggregate intrinsic value of outstanding Restricted Awards | $23.0 million | | |
A summary of weighted-average grant-date fair value for awards granted and intrinsic value of all Restricted Stock Awards vested during the periods noted is as follows: | | | | | | | | | | Nine Months Ended June 30, | 2013 | | 2012 | Weighted-average grant-date fair value per share | $ | 22.32 |
| | $ | 25.80 |
| Total intrinsic value of shares vested (in millions) | $ | 5.3 |
| | $ | — |
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