EMC 2010 Annual Report Download - page 87
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Table of Contents
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
Stock-Based Compensation Expense
The following tables summarize the components of total stock-based compensation expense included in our consolidated income statement in 2010,
2009 and 2008 (in thousands):
Year Ended December 31, 2010
Stock Options
Restricted
Stock
Total Stock-Based
Compensation
Cost of product sales $ 29,586 $ 20,646 $ 50,232
Cost of services 29,493 28,928 58,421
Research and development 112,484 146,262 258,746
Selling, general and administrative 156,059 161,595 317,654
Stock-based compensation expense before income taxes 327,622 357,431 685,053
Income tax benefit 75,771 89,902 165,673
Total stock-based compensation, net of tax $ 251,851 $ 267,529 $ 519,380
Year Ended December 31, 2009
Stock Options
Restricted
Stock
Total Stock-Based
Compensation
Cost of product sales $ 33,423 $ 15,836 $ 49,259
Cost of services 35,004 15,130 50,134
Research and development 118,875 95,679 214,554
Selling, general and administrative 189,154 102,605 291,759
Restructuring charges (1,015) (306) (1,321)
Stock-based compensation expense before income taxes 375,441 228,944 604,385
Income tax benefit 78,517 56,326 134,843
Total stock-based compensation, net of tax $ 296,924 $ 172,618 $ 469,542
Year Ended December 31, 2008
Stock Options
Restricted
Stock
Total Stock-Based
Compensation
Cost of product sales $ 23,092 $ 9,638 $ 32,730
Cost of services 35,350 12,046 47,396
Research and development 102,865 59,512 162,377
Selling, general and administrative 161,715 97,223 258,938
Restructuring charges 5,164 (1,740) 3,424
Stock-based compensation expense before income taxes 328,186 176,679 504,865
Income tax benefit 61,321 47,738 109,059
Total stock-based compensation, net of tax $ 266,865 $ 128,941 $ 395,806
Stock-based compensation expense includes $34.9 million, $46.9 million and $50.7 million of expense associated with our employee stock purchase
plans for 2010, 2009 and 2008, respectively.
The table below presents the net change in amounts capitalized or accrued in 2010 and 2009 for the following items (in thousands):
Increased (decreased)
during the year ended
December 31, 2010
Increased (decreased)
during the year ended
December 31, 2009
Inventory $ (850) $ 1,254
Accrued expenses (accrued warranty expenses) 553 (1,835)
Other assets 11 1,435
85