SanDisk 2014 Annual Report Download - page 180
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SANDISK CORPORATION
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 28, December 29, December 30,
2014 2013 2012
Share-based compensation expense by caption:
Cost of revenue .................................. $ 14,720 $ 9,820 $ 7,459
Research and development ........................... 74,842 51,521 41,009
Sales and marketing ............................... 35,972 19,193 14,585
General and administrative .......................... 29,779 19,222 15,390
Total share-based compensation expense .............. 155,313 99,756 78,443
Total tax benefit recognized .......................... (42,685) (28,183) (20,122)
Decrease in net income .......................... $ 112,628 $ 71,573 $ 58,321
Share-based compensation expense by type of award:
Stock options .................................... $ 35,607 $ 32,803 $ 35,428
RSUs ......................................... 108,259 59,962 35,260
ESPP ......................................... 11,447 6,991 7,755
Total share-based compensation expense .............. 155,313 99,756 78,443
Total tax benefit recognized .......................... (42,685) (28,183) (20,122)
Decrease in net income .......................... $ 112,628 $ 71,573 $ 58,321
Share-based compensation expense of $4.3 million and $2.7 million related to manufacturing
personnel was capitalized into inventory as of December 28, 2014 and December 29, 2013, respectively.
In the fiscal year ended December 28, 2014, the Company recognized $10.8 million in share-based
compensation expense related to acceleration of equity awards held by former Fusion-io employees.
The total grant date fair value of options and RSUs vested during the three fiscal years ended
December 28, 2014 was as follows (in thousands):
Fiscal years ended
December 28, December 29, December 30,
2014 2013 2012
Options ........................................... $ 37,986 $ 36,703 $ 37,674
RSUs ............................................ 81,619 39,885 24,327
Total grant date fair value of vested options and RSUs ........ $ 119,605 $ 76,588 $ 62,001
F-40