Support.com 2011 Annual Report Download - page 61

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
The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value that would have been received by the option holders
had they all exercised their options on December 31, 2011, 2010, and 2009. This amount will change based on the fair market value of our stock. The
total aggregate intrinsic value of options exercised under our stock option plans was $608,000, $5.0 million and $561,000 for the years ended
December 31, 2011, 2010 and 2009, respectively. The total fair value of options vested during 2011, 2010 and 2009 was $1.1 million, $3.0 million
and $3.8 million, respectively.
At December 31, 2011, there was $6.1 million of unrecognized compensation cost related to existing options outstanding which is expected to
be recognized over a weighted average period of 1.8 years.

In the second quarter of 2009 we sold our Enterprise business to Consona. A sale of this nature qualified as the sale of “substantially all the
assets of the business,” and according to the terms of the ESPP plan document such a sale terminated the ESPP. As a result of the termination of the
ESPP, we reversed all ESPP expenses related to the purchase period as of the time of the termination and refunded all amounts to the employees. In
the second quarter of 2011, to advance the interest of the Company and its stockholders by providing an incentive to attract, retain and reward eligible
employees and by motivating such persons to contribute to the growth and profitability of the Company, the Company’s Board of Directors and
stockholders approved a new ESPP and reserved 1,000,000 shares of our common stock for issuance under the ESPP.
In the first quarter of 2009, prior to the sale of the Enterprise business, a total of 74,041 shares were issued under ESPP. For the year ended
December 31, 2011, a total of 35,851shares were issued under the ESPP.

On April 27, 2005, our Board of Directors authorized the repurchase of up to 2,000,000 outstanding shares of our common stock. As of
December 31, 2011 the maximum number of shares remaining that can be repurchased under this program was 1,807,402.

The components of our loss before income taxes are as follows (in thousands):
 
    
United States $ (18,455) $ (17,794) $ (5,292)
Foreign 457 (158) (9,415)
Total $ (17,998) $ (17,952) $ (14,707)
Loss from discontinued operations, before income taxes $ (90) $ (58) $ (11,815)
Loss from continuing operations, before income taxes $ (18,088) $ (18,010) $ (26,522)
59
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