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A summary of the status of the Company’s RSU and DSU grants as of December 31, 2009, 2008 and 2007,
and changes during the years then ended is presented below:
Units
(In Millions)
Weighted
Average
Grant Date
Fair Value
(Per Share)
Weighted
Average
Remaining
Contractual
Life (Years)
Aggregate
Intrinsic Value
(In Millions)
RSUs and DSUs at December 31, 2006 . . . . . . 0.8 $52.84 3.5 $61.9
Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.5 56.08
Vested . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.1) 58.62
Forfeited or canceled . . . . . . . . . . . . . . . . . . . — 54.43
RSUs and DSUs at December 31, 2007 . . . . . . 1.2 $53.79 2.6 $42.6
Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.6 33.21
Vested . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.2) 51.97
Forfeited or canceled . . . . . . . . . . . . . . . . . . . (0.1) 52.48
RSUs and DSUs at December 31, 2008 . . . . . . 1.5 $45.84 2.3 $39.7
Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.8 18.94
Vested . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.4) 54.12
Forfeited or canceled . . . . . . . . . . . . . . . . . . . (0.2) 41.53
RSUs and DSUs at December 31, 2009 . . . . . . 1.7 $32.41 2.2 $44.5
For the years ended December 31, 2009, 2008 and 2007, the total fair value of RSUs and DSUs that
vested was $8.1 million, $8.4 million, and $3.2 million, respectively. As of December 31, 2009, the
Company had $22.6 million of total unrecognized compensation expense, net of estimated forfeitures,
related to RSUs and DSUs that will be recognized over the weighted average period of 3.0 years.
6. MARKETABLE SECURITIES
The Company evaluates its marketable securities in accordance with authoritative guidance on accounting
for investments in debt and equity securities, and has determined that all of its investments in marketable
securities should be classified as available-for-sale and reported at fair value, with unrealized gains and
losses recorded in Accumulated other comprehensive loss. At December 31, 2009, the Company’s
marketable securities portfolio consisted of asset-backed and mortgage-backed securities, corporate debt
securities, preferred and municipal debt securities, government and agency debt securities, and auction
rate securities. The fair values of the Company’s available-for-sale marketable securities are based on
quoted market prices or other observable market data, discount cash flow analyses, or in some cases, the
Company’s amortized cost which approximates fair value.
As of December 31, 2009, the Company’s available-for-sale Marketable securities had gross unrealized
gains and losses of $3.5 million and $4.4 million, respectively, and consisted of the following:
(In Millions)
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Auction rate securities — municipal debt . . . . . . . . . $ 20.3 $ — $(1.7) $ 18.6
Corporate debt securities . . . . . . . . . . . . . . . . . . . . . 301.6 1.3 (0.6) 302.3
Gov’t and agency debt securities . . . . . . . . . . . . . . . 305.8 0.9 (0.1) 306.6
Asset-backed and mortgage-backed securities. . . . . 100.2 1.3 (1.4) 100.1
Total debt securities . . . . . . . . . . . . . . . . . . . . . . . . . 727.9 3.5 (3.8) 727.6
Auction rate securities — preferred . . . . . . . . . . . . . 4.0 — (0.6) 3.4
Total security investments . . . . . . . . . . . . . . . . . . . . 731.9 3.5 (4.4) 731.0
Cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . (35.8) — — (35.8)
Total marketable securities. . . . . . . . . . . . . . . . . . . . $696.1 $3.5 $(4.4) $695.2
100