SanDisk 2013 Annual Report Download - page 205
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Share-based Compensation Expense. The following tables set forth the detailed allocation of the share-
based compensation expense (in thousands):
Fiscal years ended
December 29, December 30, January 1,
2013 2012 2012
Share-based compensation expense by caption:
Cost of revenue .................................. $ 9,820 $ 7,459 $ 4,674
Research and development ........................... 51,521 41,009 34,202
Sales and marketing ............................... 19,193 14,585 10,593
General and administrative .......................... 19,222 15,390 13,641
Total share-based compensation expense .............. 99,756 78,443 63,110
Total tax benefit recognized .......................... (28,183) (20,122) (17,008)
Decrease in net income .......................... $ 71,573 $ 58,321 $ 46,102
Share-based compensation expense by type of award:
Stock options and SARs ............................ $ 32,803 $ 35,428 $ 33,684
RSUs ......................................... 59,962 35,260 22,355
ESPP ......................................... 6,991 7,755 7,071
Total share-based compensation expense .............. 99,756 78,443 63,110
Total tax benefit recognized .......................... (28,183) (20,122) (17,008)
Decrease in net income .......................... $ 71,573 $ 58,321 $ 46,102
Share-based compensation expense of $2.7 million and $1.8 million related to manufacturing
personnel was capitalized into inventory as of the end of fiscal years 2013 and 2012, respectively.
The total grant date fair value of options and RSUs vested during the three fiscal years ended
December 29, 2013 was as follows (in thousands):
Fiscal years ended
December 29, December 30, January 1,
2013 2012 2012
Fair value of options vested ............................. $ 36,703 $ 37,674 $ 33,868
Fair value of RSUs vested .............................. 39,885 24,327 11,747
Total fair value of options and RSUs vested ............... $ 76,588 $ 62,001 $ 45,615
F-39
Annual Report