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Share-Based Awards Plan (Tables)
12 Months Ended
Dec. 31, 2013
Total Share-Based Compensation Cost Recognized

The following table summarizes the total compensation cost recognized by the Group:

 

     For the years ended December 31,  
     2011      2012      2013      2013  
     RMB      RMB      RMB      US$  
     (In thousands)  

Expensed as cost of revenues

     7,527         10,105         23,976         3,961   

Expensed as selling, general and administrative

     50,012         54,512         164,704         27,207   

Expensed as research and development

     94,489         147,692         326,047         53,859   

Capitalized as part of internal-used software

     1,700         1,944         229         38   
Baidu, Inc.
 
Option Activity

The following table summarizes the option activity for the year ended December 31, 2013:

 

     Number of
shares
    Weighted
average

exercise
price (US$)
     Weighted
average
remaining
contractual
life (Years)
     Aggregate
intrinsic
value (US$
in thousands)
 

Share options

          

Outstanding, December 31, 2012

     209,338        1,013.10         4.29         16,264   

Granted

     93,079        950.60         

Exercised

     (29,658     913.40         

Forfeited/Cancelled

     (40,187     769.62         

Outstanding, December 31, 2013

     232,572        1042.90         8.62         171,156   

Vested and expected to vest at December 31, 2013

     199,093        1036.60         8.58         147,764   

Exercisable at December 31, 2013

     44,699        859.40         7.48         41,095   
Assumptions Used to Estimate Fair Values of Share Options Granted

The following table presents the assumptions used to estimate the fair values of the share options granted in the years presented:

 

     2011      2012      2013  

Risk-free interest rate

     0.31%~1.03%         0.35%~0.43%         0.40%~1.35%   

Dividend yield

     —           —           —     

Expected volatility range

     48.20%~61.58%         43.60%~44.72%         42.33%~44.17%   

Weighted average expected volatility

     58.27%         43.75%         43.33%   

Expected life (in years)

     2.66~3.00         2.67~3.08         3.08~4.57   
Restricted Shares Activity

Restricted shares activity for the year ended December 31, 2013 was as follows:

 

     Number of
shares
    Weighted
average grant
date fair
value (US$)
 

Restricted shares

    

Unvested, December 31, 2012

     114,816        1,164.10   

Granted

     87,123        1,137.00   

Vested

     (35,005     1,166.70   

Forfeited

     (20,424     1,134.80   

Unvested, December 31, 2013

     146,510        1,151.40