Symantec 2011 Annual Report Download - page 166
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Stock-based compensation expense
The following table sets forth the total stock-based compensation expense recognized in our Consolidated
Statements of Operations.
April 1,
2011
April 2,
2010
April 3,
2009
Year Ended
(In millions, except per share data)
Cost of revenue — Content, subscription, and maintenance ........ $ 19 $ 14 $ 11
Cost of revenue — License ................................ 3 2 3
Sales and marketing ..................................... 58 59 66
Research and development ................................ 40 53 49
General and administrative ................................ 25 27 28
Total stock-based compensation expense . . .................. 145 155 157
Tax benefit associated with stock-based compensation expense ..... (41) (43) (44)
Net stock-based compensation expense . . . .................. $104 $112 $113
Net stock-based compensation expense per share attributable to
Symantec Corporation stockholders — basic ............... $0.13 $0.14 $0.14
Net stock-based compensation expense per share attributable to
Symantec Corporation stockholders — diluted .............. $0.13 $0.14 $0.14
As of April 1, 2011, total unrecognized compensation cost adjusted for estimated forfeitures related to
unvested stock options and restricted stock was $25 million and $153 million, respectively, which is expected to be
recognized over the remaining weighted-average vesting periods of 2.44 years for stock options and 2.48 years for
restricted stock.
Stock award activity
The following table summarizes stock option activity:
Number
of Shares
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Years
Aggregate
Intrinsic
Value
(1)
(In millions) (In millions)
Outstanding at April 2, 2010................ 64 $19.32 $91
Granted ............................... 4 14.59
Exercised .............................. (6) 9.79
Forfeited
(2)
............................. (1) 16.68
Expired
(3)
.............................. (7) 22.97
Outstanding at April 1, 2011................ 54 $19.61 2.75 $91
Exercisable at April 1, 2011 ................ 46 $20.22 2.31 $69
Vested and expected to vest at April 1, 2011 .... 52 $19.70 2.69 $87
(1)
Intrinsic value is calculated as the difference between the market value of Symantec’s common stock as of
April 1, 2011 and the exercise price of the option. The aggregate intrinsic value of options outstanding and
exercisable includes options with an exercise price below $18.46, the closing price of our common stock on
April 1, 2011, as reported by the NASDAQ Global Select Market.
96
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)