LeapFrog 2010 Annual Report Download - page 77
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LEAPFROG ENTERPRISES, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(In thousands, except per share data)
Impact of Stock-based compensation
The following table summarizes stock-based compensation expense charged to SG&A and research and
development (“R&D”) expense for the three years ended December 31, 2010, 2009 and 2008.
Years Ended December 31,
2010 2009 2008
SG&A:
Stock options .............................................. $2,723 $ 7,952 $ 7,069
RSUs/RSAs ............................................... 2,164 1,316 2,498
Total SG&A .......................................... 4,887 9,268 9,567
R&D:
Stock options .............................................. 741 769 721
RSUs/RSAs ............................................... 544 659 821
Total R&D ........................................... 1,285 1,428 1,542
Total expense ......................................... $6,172 $10,696 $11,109
Stock-based compensation expense related to RSUs and RSAs is calculated based on the market price of The
Company’s common stock on the grant date. The total market value of restricted stock unit and stock awards
granted in 2010, 2009 and 2008 as measured on the grant date was $7,989, $147, and $2,666, respectively.
Stock plan activity
Stock Options:
The activity in the Company’s stock option plan for the years ended December 31, 2010 and 2009 was as
follows:
Number of
Shares
Weighted
Average
Exercise Price
Average
Remaining
Contractual
Life in Years
Aggregate
Intrinsic Value
Stock options:
Outstanding at December 31, 2007 ............... 9,093 $12.92
Grants ................................... 4,973 $10.12
Exercises ................................. (77) $ 5.34
Retired or forfeited ......................... (5,870) $13.36
Outstanding at December 31, 2008 ............... 8,119 $10.96 7.55 $ —
Grants ................................... 7,805 $ 3.82
Retired or forfeited ......................... (7,921) $10.99
Outstanding at December 31, 2009 ............... 8,003 $ 3.97 8.23 $ 258
Grants ................................... 763 $ 5.36
Exercises ................................. (583) $ 3.13
Retired or forfeited ......................... (1,929) $ 3.95
Outstanding at December 31, 2010 ............... 6,254 $ 4.22 6.11 $9,870
Vested and exercisable at December 31, 2010 ........ 3,870 $ 4.42 4.57 $5,681
Vested and exercisable at December 31, 2009 ........ 2,556 $ 5.04 6.62 $ —
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