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STOCKHOLDERS' EQUITY (Tables)
3 Months Ended
Mar. 31, 2012
STOCKHOLDERS' EQUITY.  
Summary of the distribution of stock-based compensation expense

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

March 31,

 

 

 

2012

 

2011

 

 

 

(in thousands)

 

Cost of revenue

 

$

2,255

 

$

2,293

 

Research and development

 

6,763

 

5,982

 

Selling, general and administrative

 

10,309

 

10,614

 

Total stock-based compensation expense, before income taxes

 

19,327

 

18,889

 

Tax benefit

 

(2,790

)

(2,644

)

Total stock-based compensation expense, net of income taxes

 

$

16,537

 

$

16,245

Activity under the entity's 2005 Stock Plan

 

 

 

 

 

 

Outstanding Options

 

Weighted-

 

 

 

 

 

 

 

Exercise

 

Average

 

 

 

Available

 

Number of

 

Price

 

Exercise Price

 

 

 

for Grant

 

Options

 

per Share

 

per Share

 

 

 

(in thousands, except per share data)

 

Balances, December 31, 2011

 

16,523

 

8,217

 

$1.68-$10.01

 

$

4.26

 

Restricted stock units issued

 

(210

)

 

 

 

Adjustment for restricted stock units issued

 

(128

)

 

 

 

Performance-based restricted stock units issued

 

(200

)

 

 

 

Adjustment for perfomance-based restricted stock units issued

 

(122

)

 

 

 

Restricted stock units cancelled

 

405

 

 

 

 

Adjustment for restricted stock units cancelled

 

301

 

 

 

 

Performance-based restricted stock units cancelled

 

75

 

 

 

 

Adjustment for perfomance-based restricted stock units cancelled

 

46

 

 

 

 

Options cancelled/expired/forfeited

 

78

 

(78

)

$2.11-$8.89

 

4.36

 

Options exercised

 

 

(495

)

$1.80-$8.89

 

4.58

 

Balances, March 31, 2012

 

16,768

 

7,644

 

$1.68-$10.01

 

$

4.24

Activity related to restricted stock units

 

 

 

 

 

 

Weighted-Average

 

 

 

Number of

 

Fair Value

 

 

 

Units

 

Per Share

 

 

 

(in thousands, except per share data)

 

Balance, December 31, 2011

 

23,187

 

$

3.18

 

Restricted stock units issued

 

210

 

10.20

 

Restricted stock units vested

 

(1,225

)

10.27

 

Restricted stock units cancelled

 

(405

)

8.11

 

Performance-based restricted stock units issued

 

200

 

10.73

 

Performance-based restricted stock units cancelled

 

(75

)

14.00

 

Balance, March 31, 2012

 

21,892

 

$

2.79

Assumptions used to estimate the fair value of the Company's ESPP shares

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

March 31,

 

 

 

2012

 

2011

 

Risk-free interest rate

 

0.15

%

0.17

%

Expected life (years)

 

0.50

 

0.50

 

Expected volatility

 

56

%

41

%

Expected dividend yield