LeapFrog 2011 Annual Report Download - page 79

Download and view the complete annual report

Please find page 79 of the 2011 LeapFrog annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 196

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196

LEAPFROG ENTERPRISES, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(In thousands, except per share data)
The table below shows information by range of exercise prices for the Company’s outstanding stock options
as of December 31, 2011:
Options Outstanding Options Exercisable
Number of
Shares
Weighted
Average
Exercise
Price
Average
Remaining
Contractual
Life in Years
Number of
Shares
Weighted
Average
Exercise
Price
$1.41 − $2.99 ................ 1,191 $2.54 6.66 915 $2.49
$3.00 − $3.92 ................ 1,594 $3.77 6.59 965 $3.80
$3.93 − $4.99 ................ 1,768 $4.32 8.85 290 $4.16
$5.00 − $5.96 ................ 202 $5.50 7.17 91 $5.57
$5.97 − $19.74 ............... 449 $6.89 4.51 414 $6.91
Total .................... 5,204 $4.01 7.22 2,675 $3.93
These options will expire if not exercised by specific dates through December 2021. During the year ended
December 31, 2011, 1,184 stock options expired and were cancelled.
RSUs and RSAs
The activity in the Company’s RSUs and RSAs for the years ended December 31, 2011, 2010 and 2009 was
as follows:
Number of
Shares
Weighted
Average Grant
Date Fair
Value
Nonvested at December 31, 2008 ............................... 918 $ 8.72
Grants ................................................. 59 $ 2.47
Vested ................................................. (314) $ 9.51
Retired or forfeited ........................................ (142) $ 8.39
Nonvested at December 31, 2009 ............................... 521 $ 8.16
Grants ................................................. 1,313 $ 6.08
Vested ................................................. (167) $ 8.06
Retired or forfeited ........................................ (136) $ 6.21
Nonvested at December 31, 2010 ............................... 1,531 $ 6.54
Grants ................................................. 672* $ 4.09
Vested ................................................. (505) $ 6.45
Retired or forfeited ........................................ (514)** $ 6.01
Nonvested at December 31, 2011................................ 1,184 $ 5.41
Vested and deferred at December 31, 2011 .......................... 85 $10.78
Vested and deferred at December 31, 2010 .......................... 85 $10.78
*Amount includes 150 RSUs granted to the Company’s current Chief Executive Offıcer in connection with
his hiring as an offıcer and employee of the Company.
** Amount includes 78 RSUs forfeited by the former Chief Executive Offıcer in connection with his
resignation as an offıcer and employee of the Company.
As of December 31, 2011, unrecognized compensation cost related to RSUs and RSAs granted under the
Plans totaled $3,514. The unrecognized compensation cost is expected to be recognized over a weighted
average period of 2.04 years.
69