Intel 2007 Annual Report Download - page 73

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Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Restricted Stock Unit Awards
Information with respect to outstanding restricted stock unit activity is as follows:
As of December 29, 2007, there was $707 million in unrecognized compensation costs related to restricted stock units granted
under our equity incentive plans. We expect to recognize those costs over a weighted average period of 1.6 years.
Stock Purchase Plan
Approximately 75% of our employees were participating in our stock purchase plan as of December 29, 2007. Employees
purchased 26.1 million shares in 2007 for $428 million under the 2006 Stock Purchase Plan. Employees purchased
26.0 million shares in 2006 (19.6 million in 2005) for $436 million ($387 million in 2005) under the now expired 1976 Stock
Participation Plan. As of December 29, 2007, there was $16 million in unrecognized compensation costs related to rights to
acquire stock under our stock purchase plan. We expect to recognize those costs over a weighted average period of one month.
Note 4: Earnings Per Share
We computed our basic and diluted earnings per common share as follows:
64
Weighted
Average
Grant-Date
Aggregate
Number of
Fair
Fair
(In Millions, Except Per Share Amounts)
Shares
Value
Value
1
Outstanding at December 31, 2005
—
$
—
Granted
30.0
$
18.70
Vested
—
$
—
$
—
Forfeited
(2.6
)
$
18.58
Outstanding at December 30, 2006
27.4
$
18.71
Granted
32.8
$
21.13
Vested
2
(5.9
)
$
18.60
$
131
3
Forfeited
(3.2
)
$
19.38
Outstanding at December 29, 2007
51.1
$
20.24
1
Represents the value of Intel stock on the date that the restricted stock units vest.
2
The number of restricted stock units vested includes shares that we withheld on behalf of employees to satisfy the
statutory tax withholding requirements.
3
On the grant date, the fair value for these vested awards was $111 million.
(In Millions, Except Per Share Amounts)
2007
2006
2005
Net income
$
6,976
$
5,044
$
8,664
Weighted average common shares outstanding
—
basic
5,816
5,797
6,106
Dilutive effect of employee equity incentive plans
69
32
70
Dilutive effect of convertible debt
51
51
2
Weighted average common shares outstanding
—
diluted
5,936
5,880
6,178
Basic earnings per common share
$
1.20
$
0.87
$
1.42
Diluted earnings per common share
$
1.18
$
0.86
$
1.40