Symantec 2013 Annual Report Download - page 192
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SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)
Valuation of stock-based awards
The following assumptions were used to estimate the fair value of stock awards:
Fiscal 2013 Fiscal 2012
Fiscal
2011
Stock Options:
Expected life ................................. 3.5years 3.8 years 3.5 years
Weighted-average expected volatility .............. 31% 35% 34%
Weighted-average risk-free interest rate ............ 0.52% 1.62% 1.85%
Expected dividends ............................ — — —
PRUs and PCSUs:
Expected life ................................. 2.6-2.9years 2.8 - 2.9 years
Expected volatility ............................ 31%-32% 48%-49%
Weighted-average expected volatility .............. 32% 49%
Risk-free interest rate .......................... 0.36% - 0.38% 0.65% - 0.90%
Expected dividends ............................ — —
Stock-based compensation expense
The following table sets forth the total stock-based compensation expense recognized in our Consolidated
Statements of Income.
Year Ended
March 29,
2013
March 30,
2012
April 1,
2011
(In millions, except per share data)
Cost of revenue .......................................... $ 15 $ 16 $ 22
Sales and marketing ...................................... 67 70 58
Research and development ................................. 50 49 40
General and administrative ................................. 32 29 25
Total stock-based compensation expense .................... 164 164 145
Tax benefit associated with stock-based compensation expense .... (48) (46) (41)
Net stock-based compensation expense ..................... $116 $118 $104
Net stock-based compensation expense per share attributable to
Symantec Corporation stockholders — basic ............... $0.17 $0.16 $0.13
Net stock-based compensation expense per share attributable to
Symantec Corporation stockholders — diluted ............. $0.16 $0.16 $0.13
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