v2.3.0.15
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2011
Stock-Based Compensation 
Schedule of stock awards outstanding

 

 

 

 

As of September 30, 2011

 

 

 

EchoStar Awards

 

DISH Network Awards

 

Stock Awards Outstanding

 

Stock
Options

 

Restricted
Stock
Units

 

Stock
Options

 

Restricted
Stock
Units

 

Held by EchoStar employees

 

8,311,415

 

93,165

 

3,011,803

 

211,124

 

Held by DISH Network employees

 

823,454

 

57,786

 

N/A

 

N/A

 

Total

 

9,134,869

 

150,951

 

3,011,803

 

211,124

 

Schedule of stock option activity

 

 

 

 

For the Nine Months

 

 

 

Ended September 30, 2011

 

 

 

Options

 

Weighted-
Average
Exercise Price

 

Total options outstanding, beginning of period

 

7,795,373

 

$

23.24

 

Granted

 

2,600,000

 

$

36.82

 

Exercised

 

(1,035,504

)

$

23.95

 

Forfeited and cancelled

 

(225,000

)

$

21.25

 

Total options outstanding, end of period

 

9,134,869

 

$

27.07

 

Performance based options outstanding, end of period (1)

 

673,000

 

$

25.31

 

Exercisable at end of period

 

2,660,787

 

$

25.46

 

 

 

(1)          These stock options are included in the caption “Total options outstanding, end of period.”  See discussion of the 2005 LTIP below.

Schedule of realized tax benefits from stock awards exercised

 

 

 

 

For the Three Months

 

For the Nine Months

 

 

 

Ended September 30,

 

Ended September 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

 

 

(In thousands)

 

Tax benefit from stock awards exercised

 

$

329

 

$

53

 

$

5,205

 

$

1,005

 

Schedule of aggregate intrinsic value of stock options outstanding and exercisable

 

 

 

 

As of September 30, 2011

 

 

 

Options
Outstanding

 

Options
Exercisable

 

 

 

(In thousands)

 

Aggregate intrinsic value

 

$

14,097

 

$

3,236

 

Schedule of restricted stock unit activity

 

 

 

 

For the Nine Months

 

 

 

Ended September 30, 2011

 

 

 

Restricted
Stock
Units

 

Weighted-
Average
Grant Date
Fair Value

 

Total restricted stock units outstanding, beginning of period

 

107,249

 

$

27.33

 

Granted

 

49,950

 

$

36.43

 

Vested

 

 

$

 

Forfeited and cancelled

 

(6,248

)

$

28.17

 

Total restricted stock units outstanding, end of period

 

150,951

 

$

30.29

 

Restricted Performance Units outstanding, end of period (1)

 

89,776

 

$

26.68

 

 

 

(1)          These Restricted Performance Units are included in the caption “Total restricted stock units outstanding, end of period.”  See discussion of the 2005 LTIP below.

Schedule of unrecognized non-cash, stock-based compensation expense under the 2005 LTIP

 

 

 

 

2005 LTIP

 

 

 

 

 

Vested

 

 

 

Total

 

Portion (1)

 

 

 

(In thousands)

 

DISH Network awards held by EchoStar employees

 

$

17,029

 

$

13,133

 

EchoStar awards held by EchoStar employees

 

3,393

 

2,616

 

Total

 

$

20,422

 

$

15,749

 

 

 

(1)          Represents the amount of this award that has met the foregoing vesting schedule and would therefore vest upon achievement of the performance condition.

Schedule of awards outstanding under 2005 LTIP

 

 

 

 

As of September 30, 2011

 

 

 

Number of
Awards

 

Weighted-
Average
Exercise
Price

 

Stock options

 

673,000

 

$

25.31

 

Restricted Performance Units

 

89,776

 

 

 

Total

 

762,776

 

 

 

Schedule of share based compensation allocated non-cash stock-based compensation expense

 

 

 

 

 

For the Three Months

 

For the Nine Months

 

 

 

Ended September 30,

 

Ended September 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

 

 

(In thousands)

 

Research and development expenses

 

$

564

 

$

755

 

$

1,776

 

$

2,883

 

Selling, general and administrative expenses

 

4,452

 

2,486

 

9,782

 

7,659

 

Total non-cash, stock-based compensation

 

$

5,016

 

$

3,241

 

$

11,558

 

$

10,542

 

Schedule of assumptions of Black-Scholes option valuation model

 

 

 

 

For the Three Months

 

For the Nine Months

 

 

 

Ended September 30,

 

Ended September 30,

 

Stock Options

 

2011

 

2010

 

2011

 

2010

 

Risk-free interest rate

 

1.19%

 

1.64%

 

1.19% - 2.57%

 

1.64% - 2.97%

 

Volatility factor

 

37.85%

 

31.32%

 

34.68% - 38.68%

 

31.00% - 31.51%

 

Expected term of options in years

 

6.0

 

6.2

 

5.1 - 6.0

 

6.1 - 6.2

 

Weighted-average fair value of options granted

 

$8.59

 

$6.44

 

$8.59 - $14.42

 

$6.44 - $7.38