Benefit Plans

6 Months Ended

Jun. 29, 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 six months ended June 29, 2012:

				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
	(In thousands, except per share amounts)
Balance at December 31, 2011		7,835			9,303		$	7.12		3,713		$	7.52
Authorized		5,450			—			—		—			—
Granted		(4,248	)		1,039			5.91		2,139			5.97
Options exercised		—			(146	)		2.85		—			—
Shares released		—			—			—		(1,000	)		7.73
Forfeited or cancelled		1,188			(924	)		9.00		(393	)		6.81
Balance at June 29, 2012		10,225			9,272		$	6.86		4,459		$	6.77

The following table summarizes information about stock options outstanding as of June 29, 2012:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
	(In thousands, except per share amounts and term)
Vested and expected to vest		9,087	$	6.87		3.6	$	1,872
Exercisable		6,863		7.07		2.8		1,372

The intrinsic value of options vested and expected to vest and exercisable as of June 29, 2012 is calculated based on the difference between the exercise price and the fair value of the Company’s common stock as of June 29, 2012. The intrinsic value of options exercised during the three and six months ended June 29, 2012 was $38,000 and $0.4 million, respectively, 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 June 29, 2012:

	Number of Shares Underlying Restricted Stock Units		Weighted Average Remaining Vesting Period (Years)		Aggregate Fair Value (1)
	(In thousands, except period)
Vested and expected to vest		4,082		1.4	$	17,388

(1) Represents the fair value of the Company’s common stock as of June 29, 2012 times the number of restricted stock units vested and expected to vest as of the same date.