XML 33 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Equity-Based Compensation (Tables)
6 Months Ended
Jun. 28, 2013
Schedule Of Assumptions Used To Calculate Weighted Average Fair Value Of Stock Option Grants

The following table summarizes the assumptions used to compute the weighted average fair value of stock option grants:

 

     6/29/12  

Expected volatility

     43.3

Risk-free interest rate

     0.9

Expected term (in years)

     5.3   

Expected dividend yield

     2.0
Stock Option Activity

The following is a summary of stock option activity during 2013 as of June 28, 2013:

 

     Shares     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term (in years)
     Aggregate
Intrinsic
Value

(in  millions)
 

Outstanding – beginning of year

     16,713,155      $ 7.50         

Exercised

     (470   $ 0.16         

Forfeited/expired

     (1,037,933   $ 7.26         
  

 

 

         

Outstanding – end of period

     15,674,752      $ 7.52         2.9       $ —     
  

 

 

         

Exercisable – end of period

     14,547,270      $ 7.75         2.5       $ —     

Shares vested or expected to vest

     15,603,508      $ 7.53         2.9       $ —     
Cash-Settled Stock Appreciation Rights Activity

The following is a summary of cash-settled SARs activity during 2013 as of June 28, 2013:

 

     Shares     Weighted
Average
Exercise Price
 

Outstanding – beginning of year

     456,195      $ 6.67   

Forfeited/expired

     (20,667   $ 5.58   
  

 

 

   

Outstanding – end of period

     435,528      $ 6.72   
  

 

 

   
Restricted Stock Unit Activity

The following is a summary of restricted stock activity during 2013 as of June 28, 2013:

 

     Shares     Weighted
Average
Grant Date
Fair Value
 

Non-vested – beginning of year

     3,899,865      $ 4.68   

Granted

     881,372      $ 2.07   

Vested

     (1,511,388   $ 5.33   

Forfeited

     (507,478   $ 4.54   
  

 

 

   

Non-vested – end of period

     2,762,371      $ 3.51   
  

 

 

   
Performance Stock Unit Activity

The following is a summary of PSU activity during 2013 as of June 28, 2013:

 

     Shares     Weighted
Average
Grant Date
Fair Value
 

Non-vested – beginning of year

     1,633,866      $ 4.40   

Granted

     5,282,045      $ 2.20   

Vested

     (949,901   $ 4.61   

Forfeited

     (661,038   $ 2.77   
  

 

 

   

Non-vested – end of period

     5,304,972      $ 2.38   
  

 

 

   
Equity-Based Compensation Expense

The following table sets forth the total equity-based compensation expense resulting from stock options, SARs, restricted stock, and PSUs by line item on the Statements of Operations:

 

     Second Quarter     Six Months  
     6/28/13      6/29/12     6/28/13     6/29/12  

Cost of revenue – products

   $ 0.2       $ 0.2      $ 0.4      $ 0.6   

Cost of revenue – services

     0.2         0.4        0.6        0.9   

Research and development

     0.3         1.4        0.9        3.2   

Sales and marketing

     0.3         0.8        0.8        1.7   

General and administrative

     1.0         2.0        2.4        4.0   
  

 

 

    

 

 

   

 

 

   

 

 

 

Equity-based compensation expense before income taxes

     2.0         4.8        5.1        10.4   

Income tax benefit

     —           (0.1     (0.1     (0.2
  

 

 

    

 

 

   

 

 

   

 

 

 

Total equity-based compensation expense after income taxes

   $ 2.0       $ 4.7      $ 5.0      $ 10.2   
  

 

 

    

 

 

   

 

 

   

 

 

 
Total Equity-Based Compensation Expense by Type

The following table sets forth the total equity-based compensation expense by type:

 

     Second Quarter     Six Months  
     6/28/13      6/29/12     6/28/13      6/29/12  

Stock options

   $ 0.3       $ 0.9      $ 0.9       $ 2.0   

Cash-settled SARs

     —           (0.2     —           (0.1

Restricted stock

     1.4         2.4        3.5         5.8   

Performance stock units

     0.3         1.7        0.7         2.7   
  

 

 

    

 

 

   

 

 

    

 

 

 

Total

   $ 2.0       $ 4.8      $ 5.1       $ 10.4