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Benefit Plans
 3 Months Ended
Mar. 30, 2012
Benefit Plans [Abstract]  
BENEFIT PLANS

NOTE 9: BENEFIT PLANS

Harmonic grants stock options and restricted stock units (“RSUs”) pursuant to stockholder approved equity incentive plans. These equity incentive plans are described in further detail in Note 13. Benefit Plans, of Notes to Consolidated Financial Statements in the 2011 Form 10-K.

 

Stock Options and RSUs

The following table summarizes the Company’s stock option and restricted stock unit activity during the three months ended March 30, 2012 (in thousands, except per share amounts):

 

                                         
          Stock Options Outstanding     Restricted Stock Units Outstanding  
    Shares
Available
for Grant		     Number
of
Shares		     Weighted
Average
Exercise
Price		     Number
of
Units		     Weighted Average
Grant Date Fair Value		  

Balance at December 31, 2011

     7,835       9,303     $ 7.12       3,713     $ 7.52  

Granted

     (3,835 )      899     $ 6.14       1,957     $ 6.10  

Options exercised

     —         (129 )    $ 2.93       —       $ —    

Shares released

     —         —       $ —         (649 )    $ 8.29  

Forfeited or cancelled

     815       (722 )    $ 9.28       (273 )    $ 6.73  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance at March 30, 2012

     4,815       9,351     $ 6.92       4,748     $ 6.77  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

The following table summarizes information about stock options outstanding as of March 30, 2012 (in thousands, except per share amounts and term):

 

                                 
    Number
of
Shares		     Weighted
Average
Exercise
Price		     Weighted Average
Remaining Contractual
Term (Years)		     Aggregate
Intrinsic
Value		  

Vested and expected to vest

     9,185     $ 6.92       3.8     $ 3,373  

Exercisable

     6,817     $ 7.13       2.9     $ 2,272  

The intrinsic value of options vested and expected to vest and exercisable as of March 30, 2012 is calculated based on the difference between the exercise price and the fair value of the Company’s common stock as of March 30, 2012. The intrinsic value of options exercised during the three months ended March 30, 2012 was $0.4 million and is calculated based on the difference between the exercise price and the fair value of the Company’s common stock as of the exercise date.

The following table summarizes information about restricted stock units outstanding as of March 30, 2012 (in thousands, except term):

 

                         
    Number of
Shares
Underlying
Restricted Stock
Units		     Weighted
Average
Remaining
Vesting Period
(Years)		     Aggregate
Fair
Value		  

Vested and expected to vest

     4,376       1.6     $ 23,939