XML 38 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8

Stock-Based Compensation (Tables)

6 Months Ended

Jan. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Stock-based Awards Outstanding by Award Type

As of January 31, 2014, the following stock-based awards, by award type, were outstanding:

	January 31, 2014
Stock options	2,737,445
Performance shares	117,210
RSUs and restricted stock	37,326
Share units	6,874
SARs	7,000
Total	2,905,855

Stock-based compensation for awards detailing where recorded in Condensed Consolidated Statement of Operations

Stock-based compensation for awards issued is reflected in the following line items in our Condensed Consolidated Statements of Operations:

		Three months ended January 31,							Six months ended January 31,
		2014				2013			2014			2013
Cost of sales		$	84,000			74,000			137,000			119,000
Selling, general and administrative expenses		832,000				614,000			1,603,000			1,215,000
Research and development expenses		153,000				118,000			276,000			217,000
Stock-based compensation expense before income tax benefit		1,069,000				806,000			2,016,000			1,551,000
Estimated income tax benefit		(403,000		)		(346,000	)		(749,000	)		(610,000	)
Net stock-based compensation expense		$	666,000			460,000			1,267,000			941,000

Summary of net stock-based compensation expense by award type

Stock-based compensation expense, by award type, is summarized as follows:

		Three months ended January 31,							Six months ended January 31,
		2014				2013			2014			2013
Stock options		$	719,000			638,000			1,367,000			1,211,000
Performance shares		230,000				86,000			407,000			172,000
ESPP		43,000				48,000			88,000			101,000
RSUs and restricted stock		68,000				28,000			136,000			60,000
Share units		6,000				6,000			12,000			12,000
Equity-classified stock-based compensation expense		1,066,000				806,000			2,010,000			1,556,000
Liability-classified stock-based compensation expense (benefit) (SARs)		3,000				—			6,000			(5,000	)
Stock-based compensation expense before income tax benefit		1,069,000				806,000			2,016,000			1,551,000
Estimated income tax benefit		(403,000		)		(346,000	)		(749,000	)		(610,000	)
Net stock-based compensation expense		$	666,000			460,000			1,267,000			941,000

Components of actual Income tax benefit recognized for tax deductions relating to settlement of stock-based awards

The following table provides the components of the actual income tax benefit recognized for tax deductions relating to the settlement of stock-based awards:

		Six months ended January 31,
		2014				2013
Actual income tax benefit recorded for the tax deductions relating to the settlement of stock-based awards		$	174,000			79,000
Less: Tax benefit initially recognized on settled stock-based awards vesting subsequent to the adoption of accounting standards that require us to expense stock-based awards, excluding income tax shortfalls		145,000				60,000
Excess income tax benefit recorded as an increase to additional paid-in capital		29,000				19,000
Less: Tax benefit initially disclosed but not previously recognized on settled equity-classified stock-based awards vesting prior to the adoption of accounting standards that require us to expense stock-based awards, excluding income tax shortfalls		13,000				—
Excess income tax benefit from settled equity-classified stock-based awards reported as a cash flow from financing activities in our Condensed Consolidated Statements of Cash Flows		$	16,000			19,000

Summary of the Plan's activity relating to stock options (including SARs)

The following table summarizes the Plan's activity (including SARs) during the six months ended January 31, 2014:

		Awards (in Shares)			Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 31, 2013		3,047,910			$	29.94
Granted		247,000			27.23
Expired/canceled		(413,240	)		45.66
Exercised		(4,050	)		19.54
Outstanding at October 31, 2013		2,877,620			27.46
Granted		11,000			31.29
Expired/canceled		(52,800	)		27.80
Exercised		(91,375	)		27.14
Outstanding at January 31, 2014		2,744,445			$	27.48			5.47		$	8,134,000
Exercisable at January 31, 2014		1,408,803			$	27.18			3.00		$	4,612,000
Vested and expected to vest at January 31, 2014		2,678,766			$	27.47			5.42		$	7,971,000

Certain weighted average assumptions used to estimate the fair value of stock-based awards

		Three months ended January 31,						Six months ended January 31,
		2014			2013			2014			2013
Expected dividend yield		3.84	%		4.29	%		4.03	%		4.29	%
Expected volatility		32.00	%		37.00	%		32.85	%		37.00	%
Risk-free interest rate		1.50	%		0.61	%		1.39	%		0.61	%
Expected life (years)		5.31			5.31			5.44			5.31

Summary of the Plan's activity relating to performance shares, RSUs, restricted stock and share units

The following table summarizes the Plan's activity relating to performance shares, RSUs, restricted stock and share units:

		Awards (in Shares)			Weighted Average Grant Date Fair Value				Aggregate Intrinsic Value
Outstanding at July 31, 2013		102,334			$	25.80
Granted		68,167			24.58
Converted to common stock		(4,509	)		26.25
Outstanding at October 31, 2013		165,992			25.28
Granted		4,988			31.32
Converted to common stock		—			—
Forfeited		(9,570	)		24.82
Outstanding at January 31, 2014		161,410			$	25.50			$	4,910,000
Vested at January 31, 2014		12,529			$	26.93			$	381,000
Vested and expected to vest at January 31, 2014		156,337			$	25.51			$	4,756,000

X

- Definition

Components of actual income tax benefit recognized for tax deductions relating to the settlement of stock-based awards.

+ References

No definition available.

+ Details

Name:	cmtl_ComponentsofactualIncometaxbenefitrecognizedfortaxdeductionsrelatingtosettlementofstockbasedawardsTableTextBlock
Namespace Prefix:	cmtl_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of stock-based awards outstanding by award type at period end.

+ References

No definition available.

+ Details

Name:	cmtl_ScheduleofStockBasedAwardsOutstandingbyAwardTypeTableTextBlock
Namespace Prefix:	cmtl_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 123R

-Paragraph 64, 65, A240

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name:	us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 123R

-Paragraph 64

-Subparagraph b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SAB TOPIC 14.F)

-URI http://asc.fasb.org/extlink&oid=6793087&loc=d3e301413-122809



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 123R

-Paragraph A240

-Subparagraph g(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 14

-Section F



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (h)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock options and stock appreciation rights that were outstanding at the beginning and end of the year, exercisable at the end of the year, and the number of stock options and stock appreciation rights that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (f)(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration