Nautilus 2012 Annual Report Download - page 52

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Table of Contents
restricted stock or performance stock unit awards be granted to any one participant in any one year under the 2005 Plan. As of December 31,
2012 , 3.8 million shares remained available for future grant under the 2005 Plan.
The Company receives income tax deductions as a result of the exercise of certain stock options and vesting of restricted stock units and
performance stock units. Stock-based compensation expense, primarily included in general and administrative expense, for the years ended
December 31, 2012 , 2011 and 2010 was as follows (in thousands):
Stock Options
Stock option activity for the years ended December 31, 2012 , 2011 and 2010
was as follows (in thousands, except exercise price and contractual
life):
Aggregate intrinsic value in the above table represents the aggregate amount, for all options, by which closing share prices exceed the exercise
price of the stock options. This value will fluctuate in the future based on the fair market value of our common stock.
The weighted average grant-date fair values of stock options granted during the years ended December 31, 2012 , 2011 and 2010 were $1.89 ,
$1.86 and $1.89 , respectively. As of December 31, 2012 , compensation expense for unvested stock options was approximately $0.5 million ,
which is expected to be recognized over a weighted average period of 1.8 years.
46
2012 2011 2010
Stock options
$
355
$
26
$
553
Restricted stock units
188
150
—
Performance stock units
87
130
84
Total
$
630
306
637
Total
Shares
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual Life
(in years)
Aggregate
Intrinsic
Value
($000s)
Options outstanding, January 1, 2010
1,414
$
10.50
Granted
258
2.73
Forfeited, canceled or expired
(472
)
10.34
Exercised —
—
Options outstanding, December 31, 2010
1,200
8.80
4.3
$
22
Options outstanding, January 1, 2011
1,200
8.80
Granted
124
2.69
Forfeited, canceled or expired
(287
)
6.52
Exercised
(3
)
1.68
Options outstanding, December 31, 2011
1,034
8.72
3.2
18
Options outstanding, January 1, 2012
1,034
8.72
Granted
386
2.74
Forfeited, canceled or expired
(185
)
9.43
Exercised
(51
)
2.24
Options outstanding, December 31, 2012
1,184
6.92
4.1
599
Vested and expected to vest, as of December 31, 2012
1,184
6.92
4.1
599