Share-based compensation

3 Months Ended

Mar. 31, 2017

Note 7 - Share-based compensation

Restricted share awards are issued to employees that are subject to specified restrictions and a risk of forfeiture. The restrictions typically lapse over one to five years and may entitle holders to dividends and voting rights. Other types of share-based compensation include performance share awards, performance share units, and restricted share units (collectively with restricted share awards, “restricted shares”), as well as options to purchase common stock.

Share-based compensation expense was recognized in the following line items in the Consolidated Statements of Operations for the three months ended March 31, 2017 and 2016:

	Three months ended March 31,
	2017		2016
	(in thousands)
Cost of sales	$	657	$	546
Research and development	429		1,099
Selling, general, and administrative	3,100		2,743

Total	$	4,186	$	4,388

For the three months ended March 31, 2017, equity activity related to stock options was as follows:

	Number of		Weighted Average
	Shares		Exercise Price
	(in thousands)
Balance - December 31, 2016	1,576		$	35.18
Granted	—		—
Exercised	—		—
Expired or forfeited	(77	)	37.40

Balance - March 31, 2017	1,499		35.06

For the three months ended March 31, 2017, equity activity related to restricted shares and performance shares was as follows:

			Weighted Average
	Number of		Grant Date
	Shares		Fair Value
	(in thousands)
Balance - December 31, 2016	1,949		$	23.85
Granted	37		26.80
Released	(53	)	31.77
Forfeited	(105	)	26.66

Balance - March 31, 2017	1,828		23.88

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details