Netgear 2011 Annual Report Download - page 103
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Table of Contents
Comprehensive Income and Cumulative Other Comprehensive Income, Net
The following table sets forth the activity for each component of other comprehensive income, net of related taxes, for the years ended
December 31, 2011, December 31, 2010, and December 31, 2009, (in thousands):
The following table sets forth the components of cumulative other comprehensive income, net of related taxes, as of December 31, 2011
and December 31, 2010 (in thousands):
Note 11—Employee Benefit Plans
2000 Stock Option Plan
In April 2000, the Company adopted the 2000 Stock Option Plan (the “2000 Plan”). The 2000 Plan provides for the granting of stock
options to employees and consultants of the Company. Options granted under the 2000 Plan may be either incentive stock options (“ISOs”) or
nonqualified stock options (“NSOs”). ISOs may be granted only to Company employees (including officers and directors who are also
employees). NSOs may be granted to Company employees, directors and consultants. A total of 7,350,000 shares of Common Stock have been
reserved for issuance under the 2000 Plan.
Options under the 2000 Plan may be granted for periods of up to ten years, provided, however, that (i) the exercise price of an ISO and
NSO shall not be less than the estimated fair value of the underlying stock on the date of grant and (ii) the exercise price of an ISO and NSO
granted to a 10% shareholder shall not be less than 110% of the estimated fair value of the underlying stock on the date of grant. To date, options
granted generally vest over four years.
As discussed below, in April 2003, all remaining shares reserved but not issued under the 2000 Plan were transferred to the 2003 Stock
Plan.
2003 Stock Plan
In April 2003, the Company adopted the 2003 Stock Plan (the “2003 Plan”). The 2003 Plan provides for the granting of stock options to
employees and consultants of the Company. Options granted under the 2003 Plan may be either ISOs or NSOs. ISOs may be granted only to
Company employees (including officers and directors who are also employees). NSOs may be granted to Company employees, directors and
consultants. The Company has reserved 750,000 shares of Common Stock plus any shares which were reserved but not issued under the 2000
Plan as of the date of the approval of the 2003 Plan. The number of shares which were reserved but not issued under the 2000 Plan that were
transferred to the Company’s 2003 Plan were 615,290, which when
99
Year ended December 31,
2011
2010
2009
Net income
$
91,368
$
50,909
$
9,333
Unrealized gains (losses) on derivative instruments
(267
)
253
20
Unrealized gains (losses) on available
-
for
-
sale securities
9
4
(63
)
Total comprehensive income
$
91,110
$
51,166
$
9,290
As of
December 31,
2011
2010
Net unrealized gains on derivative instruments
$
6
$
273
Net unrealized gains on available
-
for
-
sale securities
17
8
Total cumulative other comprehensive income, net of taxes
$
23
$
281