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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2011
Schedule of Share-Based Compensation Expense
(in thousands)    December 31,  
   2011      2010      2009  

Stock options

   $ 12,154       $ 11,047       $ 11,547   

Performance shares

     1,535         —           —     

Restricted shares

     401         —           —     

Employee Stock Purchase Plan

     152         129         270   
  

 

 

    

 

 

    

 

 

 

Total

   $ 14,242       $       $ 11,817   
  

 

 

    

 

 

    

 

 

 

Our share-based compensation expense is recorded as follows:

 

(in thousands)    December 31,  
   2011      2010      2009  

Research and development

   $ 3,335       $ 3,329       $ 3,192   

Selling, general and administrative

     10,907         7,847         8,625   
  

 

 

    

 

 

    

 

 

 

Total

   $ 14,242       $       $ 11,817   
  

 

 

    

 

 

    

 

 

 
Schedule Of Information About Equity Plans
     1995 Plan      2001 Plan      2005 Plan      Combined  

Shares authorized for issuance

     4,500,000         500,000         12,850,000         17,850,000   

Shares outstanding

     4,500,000         500,000         8,686,523         13,686,523   
  

 

 

    

 

 

    

 

 

    

 

 

 

Shares available for grant

     —           —           4,163,477         4,163,477   
  

 

 

    

 

 

    

 

 

    

 

 

 
Schedule Of Weighted Average Fair Value Assumptions Using Black-Scholes Option-Pricing Model
     2011    2010    2009

Expected dividend yield

   -    -    -

Range of risk free interest rate

   1.4% - 2.9%    1.9% - 3.4%    1.6% - 3.4%

Weighted-average volatility

   67.8%    71.4%    77.2%

Range of volatility

   62.3% - 69.3%    69.3% - 72.4%    71.5% - 79.9%

Range of expected option life (in years)

   5.50 - 6.25    5.50 - 6.25    5.50 - 6.25
Schedule Of Option Grant Activity
     Share
Options
    Weighted
average
exercise price
per share
 

Balance at December 31, 2008

     6,301,714      $ 10.95   

Granted

     1,571,009        9.94   

Exercised

     (51,125     10.67   

Forfeited

     (167,062     11.72   

Expired

     (64,341     16.13   
  

 

 

   

 

 

 

Balance at December 31, 2009

     7,590,195        10.68   

Granted

     2,114,784        10.12   

Exercised

     (649,311     5.53   

Forfeited

     (66,393     10.21   

Expired

     (435,943     22.74   
  

 

 

   

 

 

 

Balance at December 31, 2010

     8,553,332        10.45   

Granted

     1,859,778        18.08   

Exercised

     (1,547,787     9.20   

Forfeited

     (274,057     13.62   

Expired

     (106,025     27.47   
  

 

 

   

 

 

 

Balance at December 31, 2011

     8,485,241      $ 12.03   
  

 

 

   

 

 

 
Schedule Of Outstanding And Exercisable Option Grants
     Number of
options
     Weighted
average exercise
price
     Weighted
average
remaining
contractual
term (years)
     Aggregate  intrinsic
value

(in thousands)
 

Outstanding

     8,485,241       $ 12.03         6.79       $ 130,302   

Exercisable

     4,392,296       $ 10.64         5.30       $ 73,585   
Schedule Of Fair Value Of PSUs Assumptions Using Monte Carlo Simulation
     December 31,
2011
 
(in thousands)   

Closing stock price on grant date

   $ 17.84   

Performance period starting price

   $ 16.85   

Term of award (in years)

     2.99   

Volatility

     69.75

Risk-free interest rate

     1.19

Expected dividend yield

     0.00

Fair value per TSR PSU

   $ 24.38   
Schedule Of Restricted Stock Award Information
     Share Units
(in thousands)
     Weighted-
average  grant
date fair value
 

Balance at December 31, 2010

     —         $ —     

Granted

     27,000         17.30   

Vested

     —           —     

Forfeited

     —           —     
  

 

 

    

 

 

 

Balance at December 31, 2011

     27,000       $ 17.30   
  

 

 

    

 

 

 
Schedule Of Fair Value Of Share-Based Payments Assumptions Using Type B Model
     2011 Plan Period     2011 Plan Period  
   Two     One  

Risk free interest rate

     0.10     0.19

Volatility

     38.0     37.8

Expected option life (in years)

     0.5        0.5   
PSUs [Member]
 
Schedule Of Performance Stock Units and Restricted Stock Award
     Share Units
(in thousands)
    Weighted-
average  grant
date fair value
 

Balance at December 31, 2010

     —        $ —     

Granted

     173,107        18.50   

Vested

     —          —     

Forfeited

     (8,415     18.49   
  

 

 

   

 

 

 

Balance at December 31, 2011

     164,692      $ 18.50