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Share-Based Awards Plan (Tables)
12 Months Ended
Dec. 31, 2015
Total Share-Based Compensation Cost Recognized

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

 

     For the years ended December 31,  
     2013      2014      2015      2015  
     RMB      RMB      RMB      US$  
     (In thousands)  

Expensed as cost of revenues

     23,976         34,611         49,770         7,683   

Expensed as selling, general and administrative

     164,704         426,052         486,760         75,143   

Expensed as research and development

     326,047         502,077         850,588         131,308   

Capitalized as part of internal-used software

     229         —           1,381         213   
Baidu, Inc.  
Option Activity

The following table summarizes the option activity for the year ended December 31, 2015:

 

     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, 2014

     198,392         1,141.00         7.83         225,915   

Granted

     65,013         2,094.20         

Exercised

     (32,603      1,062.30         

Forfeited/Cancelled

     (10,637      1,067.00         

Outstanding, December 31, 2015

     220,165         1,437.70         7.55         115,458   

Vested and expected to vest at December 31, 2015

     190,759         1,426.70         7.50         101,807   

Exercisable at December 31, 2015

     82,485         1,086.50         6.43         66,942   
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:

 

    2013     2014     2015  

Risk-free interest rate

    0.40%~1.35%        1.52%~1.77%        1.31%~1.36%   

Dividend yield

    —          —          —     

Expected volatility range

    42.33%~44.17%        40.96%~41.59%        40.04%~40.57%   

Weighted average expected volatility

    43.33%        41.36%        40.21%   

Expected life (in years)

    3.08~4.57        4.57        5.02~5.13   
Restricted Shares Activity

Restricted shares activity for the year ended December 31, 2015 was as follows:

 

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

Restricted shares

     

Unvested, December 31, 2014

     219,404         1,582.60   

Granted

     247,141         1,979.30   

Vested

     (71,348      1,516.00   

Forfeited

     (50,674      1,767.80   

Unvested, December 31, 2015

     344,523         1,853.40