Juno 2012 Annual Report Download - page 157
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Table of Contents
The following table summarizes the stock-based compensation that has been included in the following line items within the consolidated statements
of operations for each of the periods presented (in thousands):
The following table summarizes activity for restricted stock units for the year ended December 31, 2012:
The weighted-average grant date fair value of restricted stock units granted during the years ended December 31, 2012, 2011 and 2010 was $5.04,
$6.93 and $6.08, respectively. The fair value of restricted stock units that vested during the years ended December 31, 2012, 2011 and 2010 was
$7.6 million, $19.8 million and $24.7 million, respectively. At December 31, 2012, the intrinsic value of nonvested restricted stock units was
$20.5 million. At December 31, 2012, nonvested restricted stock units expected to vest totaled 3.3 million with an intrinsic value totaling $18.5 million.
At December 31, 2012, total unrecognized compensation cost related to nonvested restricted stock units, net of expected forfeitures, was $13.4 million
and was expected to be recognized over a weighted-average period of 1.2 years.
In February 2013, 1.5 million restricted stock units vested and, upon such vesting, 0.5 million shares of common stock were withheld to pay
applicable required employee withholding taxes. In connection with the vesting, shares of the Company's common stock outstanding increased by
1.0 million.
F-40
Operating expenses:
Cost of revenues-products $ 43 $ 46 $ 41
Cost of revenues-services 256 354 502
Sales and marketing 2,431 2,329 3,957
Technology and development 1,659 2,159 3,109
General and administrative 8,919 12,325 19,434
Total stock-based compensation $ 13,308 $ 17,213 $ 27,043
Tax benefit recognized $ 3,399 $ 4,172 $ 5,262
Nonvested at December 31, 2011 3,389 $ 6.60
Granted 1,977 $ 5.04
Vested (1,401) $ 6.65
Canceled (304) $ 5.99
Nonvested at December 31, 2012 3,661 $ 5.79