Crucial 2011 Annual Report Download - page 75
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Restricted Stock Awards granted for 2011 , 2010 and 2009 were as follows:
Restricted Stock Awards granted during 2010 included 4.1 million of service-based and 0.7 million of performance-based Restricted Stock
Awards as part of our acquisition of Numonyx. The aggregate fair value at the lapse date of awards for which restrictions lapsed during 2011 ,
2010 and 2009 was $43 million , $65 million and $8 million , respectively. As of September 1, 2011 , there was $48 million of total unrecognized
compensation cost, net of estimated forfeitures, related to nonvested restricted stock awards, which is expected to be recognized through the
fourth
quarter of 2015 , resulting in a weighted-average period of 1.3 years.
Stock-based Compensation Expense
Total compensation costs for our equity plans were as follows:
Stock-based compensation expense of $5 million and $4 million was capitalized and remained in inventory as of September 1, 2011 and
September 2, 2010 , respectively. As of September 1, 2011 , $144 million of total unrecognized compensation costs, net of estimated forfeitures,
related to non-vested awards were expected to be recognized through the fourth quarter of 2015 , resulting in a weighted-average period of 1.3
years. During 2010 , we determined that certain performance-based restricted stock that previously had not been expensed met the probability
threshold for expense recognition due to improved operating results. Stock-based compensation expense in the above presentation does not reflect
any significant income tax benefits, which is consistent with our treatment of income or loss from our U.S. operations. (See "Income Taxes" note.)
72
Number of Shares
Weighted-Average
Grant Date Fair
Value Per Share
Outstanding at September 2, 2010
8.6
$
7.89
Granted
5.6
8.72
Restrictions lapsed
(5.0
)
8.26
Cancelled
(0.4
)
8.85
Outstanding at September 1, 2011
8.8
8.17
Expected to vest after September 1, 2011
8.5
8.13
2011
2010
2009
Service-based awards
4.4
5.9
1.9
Performance-based awards
1.2
1.8
1.7
Weighted-average grant-date fair values per share
$
8.72
$
8.29
$
4.40
2011
2010
2009
Stock-based compensation expense by caption:
Cost of goods sold
$
20
$
23
$
16
Selling, general and administrative
38
50
16
Research and development
17
18
13
Other operating (income) expense
1
2
(1
)
$
76
$
93
$
44
Stock-based compensation expense by type of award:
Stock options
$
44
$
37
$
29
Restricted stock awards
32
56
15
$
76
$
93
$
44