Classmates.com 2010 Annual Report Download - page 136

Table of Contents
UNITED ONLINE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
8. STOCK-BASED COMPENSATION PLANS (Continued)
Stock-Based Compensation
The following table summarizes the stock-based compensation that has been included in the following captions within the consolidated
statements of operations for each of the periods presented (in thousands):
Restricted Stock Units
The following table summarizes activity for restricted stock units during the years ended December 31, 2008, 2009 and 2010:
At December 31, 2010, the intrinsic value of nonvested restricted stock units was approximately $36.5 million. The fair value of restricted
stock units that vested during the year ended December 31, 2010 was approximately $24.7 million. Total unrecognized compensation cost
related to nonvested restricted stock units at December 31, 2010, net of expected forfeitures, was approximately $21.7 million and was expected
to be recognized over a weighted-average period of one year.
F-30
Year Ended December 31,
2010
2009
2008
Operating expenses:
Cost of revenues
-
services
$
502
$
943
$
1,049
Cost of revenues
-
products
41
43
—
Sales and marketing
3,957
5,472
7,250
Technology and development
3,109
4,856
6,410
General and administrative
19,434
28,766
21,818
Total stock-based
compensation
$
27,043
$
40,080
$
36,527
Tax benefit recognized
$
5,262
$
7,890
$
8,952
Restricted
Stock Units
Weighted-
Average Grant
Date Fair Value
(in thousands)
Nonvested at January 1, 2008
4,978
$
12.65
Granted
4,639
$
10.18
Vested
(1,942
)
$
12.49
Canceled
(760
)
$
12.44
Nonvested at December 31, 2008
6,915
$
11.49
Granted
3,356
$
6.09
Vested
(2,890
)
$
10.72
Canceled
(500
)
$
9.86
Nonvested at December 31, 2009
6,881
$
8.84
Granted
3,245
$
6.08
Vested
(4,011
)
$
7.83
Canceled
(578
)
$
7.19
Nonvested at December 31, 2010
5,537
$
8.13