EMC 2008 Annual Report Download - page 104

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Table of Contents
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
Stock-Based Compensation Expense
The following tables summarize the components of total stock-based compensation expense included in our consolidated income statement in 2008, 2007
and 2006 (in thousands):
Year Ended December 31, 2008
Stock Options Restricted
Stock Total Stock-Based
Compensation
Cost of product sales $ 23,092 $ 9,638 $ 32,730
Cost of services 35,350 12,046 47,396
Research and development 102,865 59,512 162,377
Selling, general and administrative 161,715 97,223 258,938
Restructuring charges 5,164 (1,740) 3,424
Stock-based compensation expense before income taxes 328,186 176,679 504,865
Income tax benefit 61,321 47,738 109,059
Total stock-based compensation, net of tax $ 266,865 $128,941 $ 395,806
Year Ended December 31, 2007
Stock Options Restricted
Stock Total Stock-Based
Compensation
Cost of product sales $ 22,886 $ 9,543 $ 32,429
Cost of services 20,493 4,303 24,796
Research and development 69,649 38,393 108,042
Selling, general and administrative 126,246 75,891 202,137
Restructuring charges 897 1,731 2,628
Stock-based compensation expense before income taxes 240,171 129,861 370,032
Income tax benefit 53,292 34,378 87,670
Total stock-based compensation, net of tax $ 186,879 $ 95,483 $ 282,362
Year Ended December 31, 2006
Stock Options Restricted
Stock Total Stock-Based
Compensation
Cost of product sales $ 35,005 $ 6,517 $ 41,522
Cost of services 21,598 3,168 24,766
Research and development 61,582 45,899 107,481
Selling, general and administrative 146,950 77,968 224,918
Restructuring charges 3,801 6,919 10,720
Stock-based compensation expense before income taxes 268,936 140,471 409,407
Income tax benefit 50,559 41,565 92,124
Total stock-based compensation, net of tax $ 218,377 $ 98,906 $ 317,283
Stock option expense includes $52.2 million, $36.7 million and $30.4 million of expense associated with our employee stock purchase plans for 2008,
2007 and 2006, respectively.
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