TeleNav 2011 Annual Report Download - page 104

Table of Contents
TELENAV, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Expected term . The expected term represents the period that our stock-based awards are expected to be outstanding. For options granted
prior to fiscal 2008 the expected term was calculated as the average of the option vesting and contractual terms. For options granted beginning in
fiscal 2008, the expected term was based on an analysis of our historical exercise and cancellation activity.
Risk-free interest rate . The risk-free rate is based on U.S. Treasury zero coupon issues with remaining terms similar to the expected term
on the options.
At June 30, 2011, the total unrecognized stock-based compensation cost related to employee options was $11.3 million, net of estimated
forfeitures and will be amortized over a weighted-
average period of 2.9 years. The total fair value of stock options that vested during fiscal 2011,
2010 and 2009, was $4.2 million, $700,000 and $457,000, respectively. At June 30, 2011, the total unrecognized stock-based compensation cost
related to restricted stock units was $287,000, net of estimated forfeitures and will be amortized over a weighted average period of 2.29 years.
No restricted stock units vested during fiscal 2011.
Shares reserved for future issuance
Common stock reserved for future issuance was as follows (in thousands):
10. Income taxes
The domestic and foreign components of income (loss) before provisions for income taxes were as follows (in thousands):
100
June 30, 2011
Stock options outstanding
7,187
Restricted stock units outstanding
57
Available for future grants of stock options or restricted stock units
402
Total common shares reserved for future issuance
7,646
Fiscal Year Ended June 30,
2011 2010 2009
United States.
$
69,233
$
68,802
$
44,211
Foreign
534
(799
)
(2,695
)
$
69,767
$
68,003
$
41,516