Dish Network 2013 Annual Report Download - page 152

DISH NETWORK CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
F-42
Cash Dividend
On December 28, 2012, we paid a cash dividend of $1.00 per share, or approximately $453 million, on our outstanding
Class A and Class B common stock to stockholders of record at the close of business on December 14, 2012.
On December 1, 2011, we paid a cash dividend of $2.00 per share, or approximately $893 million, on our outstanding
Class A and Class B common stock to shareholders of record at the close of business on November 17, 2011.
14. Employee Benefit Plans
Employee Stock Purchase Plan
Our employees participate in the DISH Network employee stock purchase plan (the “ESPP”), in which we are
authorized to issue up to 2.8 million shares of Class A common stock. At December 31, 2013, we had 1.1 million
shares of Class A common stock which remain available for issuance under the ESPP. Substantially all full-time
employees who have been employed by us for at least one calendar quarter are eligible to participate in the ESPP.
Employee stock purchases are made through payroll deductions. Under the terms of the ESPP, employees may not
deduct an amount which would permit such employee to purchase our capital stock under all of our stock purchase
plans at a rate which would exceed $25,000 in fair value of capital stock in any one year. The purchase price of the
stock is 85% of the closing price of the Class A common stock on the last business day of each calendar quarter in
which such shares of Class A common stock are deemed sold to an employee under the ESPP. During the years
ended December 31, 2013, 2012 and 2011, employee purchases of Class A common stock through the ESPP totaled
approximately 0.1 million, 0.1 million and 0.1 million shares, respectively.
401(k) Employee Savings Plan
We sponsor a 401(k) Employee Savings Plan (the “401(k) Plan”) for eligible employees. Voluntary employee
contributions to the 401(k) Plan may be matched 50% by us, subject to a maximum annual contribution of $2,500
per employee. Forfeitures of unvested participant balances which are retained by the 401(k) Plan may be used to
fund matching and discretionary contributions. Our Board of Directors may also authorize an annual discretionary
contribution to the 401(k) plan, subject to the maximum deductible limit provided by the Internal Revenue Code of
1986, as amended. These contributions may be made in cash or in our stock.
The following table summarizes the expense associated with our matching contributions and discretionary
contributions:
Expense Recognized Related to the 401(k) Plan 2013 2012 2011
Matching contributions, net of forfeitures
from continuing operations........................................... $ 5,994 $ 2,750 $ 1,521
Matching contributions, net of forfeitures
from discontinued operations........................................ 176 573 1,096
Total matching contributions.......................................... $ 6,170 $ 3,323 $ 2,617
Discretionary stock contributions, net of forfeitures....... $ 26,096 $ 23,772 $ 22,331
(In thousands)
For the Years Ended December 31,