LeapFrog 2011 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, 2011, 2010 and 2009:
Years Ended December 31,
2011 2010 2009
SG&A:
Stock options ........................................ $1,912* $2,723 $ 7,952
RSUs.............................................. 2,876 2,164 1,316
ESPP.............................................. 89 — —
Total SG&A ....................................... 4,877 4,887 9,268
R&D:
Stock options ........................................ 434 741 769
RSUs.............................................. 251 544 659
Total R&D ........................................ 685 1,285 1,428
Total expense ...................................... $5,562 $6,172 $10,696
*Amount includes the reversal of $950 in stock option compensation expense in connection with the
departure of certain senior level employees including the former Chief Executive Offıcer.
Stock-based compensation expense related to RSUs is calculated based on the market price of the Company’s
common stock on the grant date. The total market value of RSUs and stock awards granted in 2011, 2010 and
2009 as measured on the grant date was $2,750 $7,989 and $147, respectively.
67