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Stock-Based Compensation (Tables)
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12 Months Ended |
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Dec. 31, 2013
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| Stock-Based Compensation |
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| Schedule of stock awards outstanding |
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As of December 31, 2013 |
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EchoStar Awards |
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DISH Network Awards |
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Stock
Options |
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Restricted
Stock
Units |
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Stock
Options |
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Restricted
Stock
Units |
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Held by EchoStar employees |
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5,949,010 |
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77,589 |
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1,237,944 |
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66,999 |
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Held by DISH Network employees |
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322,048 |
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44,288 |
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— |
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— |
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Total outstanding stock awards |
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6,271,058 |
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121,877 |
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1,237,944 |
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66,999 |
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| Schedule of exercise prices for stock options outstanding and exercisable |
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Options Outstanding |
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Options Exercisable |
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Price Range |
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Number
Outstanding as
of December 31,
2013 |
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Weighted-
Average
Remaining
Contractual Term
(In Years) |
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Weighted-
Average
Exercise
Price |
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Number
Exercisable as
of December 31,
2013 |
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Weighted-
Average
Remaining
Contractual Term
(In Years) |
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Weighted-
Average
Exercise
Price |
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$0.00 - $10.00 |
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2,653 |
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2 |
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$ |
1.98 |
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2,653 |
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2 |
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$ |
1.98 |
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$10.01 - $15.00 |
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232,579 |
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5 |
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$ |
14.83 |
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80,179 |
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5 |
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$ |
14.83 |
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$15.01 - $20.00 |
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464,216 |
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6 |
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$ |
18.95 |
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163,616 |
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6 |
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$ |
18.95 |
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$20.01 - $25.00 |
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1,310,457 |
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4 |
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$ |
22.53 |
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632,257 |
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5 |
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$ |
21.65 |
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$25.01 - $30.00 |
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1,154,906 |
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5 |
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$ |
28.60 |
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917,406 |
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4 |
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$ |
28.72 |
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$30.01 - $35.00 |
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431,101 |
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8 |
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$ |
33.99 |
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307,001 |
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8 |
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$ |
33.97 |
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$35.01 - $40.00 |
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2,660,146 |
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8 |
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$ |
37.85 |
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609,779 |
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8 |
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$ |
37.84 |
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$40.00 and above |
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15,000 |
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10 |
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$ |
47.19 |
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— |
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0 |
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$ |
— |
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6,271,058 |
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6 |
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$ |
30.43 |
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2,712,891 |
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6 |
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$ |
28.69 |
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| Schedule of stock option activity |
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For the Years Ended December 31, |
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2013 |
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2012 |
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2011 |
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Options |
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Weighted-
Average
Exercise
Price |
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Options |
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Weighted-
Average
Exercise
Price |
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Options |
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Weighted-
Average
Exercise
Price |
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Total options outstanding, beginning of period |
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7,908,300 |
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$ |
27.21 |
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8,078,413 |
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$ |
26.30 |
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7,795,373 |
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$ |
23.24 |
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Granted |
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1,190,000 |
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$ |
38.75 |
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771,000 |
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$ |
30.81 |
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1,955,000 |
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$ |
36.01 |
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Exercised |
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(2,494,893 |
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$ |
24.65 |
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(569,073 |
) |
$ |
20.02 |
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(1,082,280 |
) |
$ |
23.59 |
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Forfeited and cancelled |
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(332,349 |
) |
$ |
27.01 |
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(372,040 |
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$ |
25.71 |
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(589,680 |
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$ |
23.07 |
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Total options outstanding, end of period |
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6,271,058 |
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$ |
30.43 |
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7,908,300 |
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$ |
27.21 |
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8,078,413 |
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$ |
26.30 |
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Performance-based options outstanding, end of period(1) |
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629,300 |
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$ |
25.27 |
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632,100 |
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$ |
25.28 |
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658,700 |
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$ |
25.30 |
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Exercisable at end of period |
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2,712,891 |
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$ |
28.69 |
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3,746,166 |
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$ |
25.98 |
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2,854,272 |
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$ |
25.02 |
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- (1)
- These stock options are included in the caption "Total options outstanding, end of period." See discussion of the 2005 LTIP below.
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| Schedule of restricted stock unit activity |
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For the Years Ended December 31, |
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2013 |
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2012 |
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2011 |
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Restricted
Stock
Units |
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Weighted-
Average
Grant Date
Fair Value |
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Restricted
Stock
Units |
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Weighted-
Average
Grant Date
Fair Value |
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Restricted
Stock
Units |
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Weighted-
Average
Grant Date
Fair Value |
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Total restricted stock units outstanding, beginning of period |
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151,683 |
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$ |
30.18 |
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144,226 |
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$ |
29.22 |
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107,249 |
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$ |
27.33 |
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Granted |
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— |
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$ |
— |
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33,333 |
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$ |
34.22 |
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69,950 |
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$ |
32.00 |
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Vested |
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(22,876 |
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$ |
33.08 |
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(16,210 |
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$ |
32.61 |
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(11,225 |
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$ |
31.84 |
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Forfeited and cancelled |
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(6,930 |
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$ |
24.88 |
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(9,666 |
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$ |
25.84 |
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(21,748 |
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$ |
27.36 |
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Total restricted stock units outstanding, end of period |
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121,877 |
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$ |
29.93 |
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151,683 |
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$ |
30.18 |
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144,226 |
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$ |
29.22 |
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Restricted Performance Units outstanding, end of period(1) |
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57,680 |
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$ |
26.94 |
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64,610 |
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$ |
26.72 |
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74,276 |
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$ |
26.61 |
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- (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.
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| Schedule of unrecognized non-cash, stock-based compensation expense under the 2005 LTIP |
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2005 LTIP |
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Total |
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Vested
Portion(1) |
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(In thousands)
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DISH Network awards held by EchoStar employees |
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$ |
16,127 |
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$ |
16,098 |
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EchoStar awards held by EchoStar employees |
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2,774 |
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2,768 |
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Total |
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$ |
18,901 |
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$ |
18,866 |
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- (1)
- Represents the amount of this award that has met the foregoing vesting schedule and would therefore vest upon achievement of the performance condition.
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| Schedule of allocated non-cash, stock-based compensation expense for all employees |
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For the Years Ended December 31, |
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2013 |
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2012 |
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2011 |
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(In thousands)
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Research and development expenses |
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$ |
3,478 |
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$ |
2,755 |
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$ |
2,411 |
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Selling, general and administrative expenses |
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14,875 |
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11,830 |
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13,653 |
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Total stock-based compensation |
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$ |
18,353 |
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$ |
14,585 |
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$ |
16,064 |
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| Schedule of assumptions of Black-Scholes option valuation model |
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For the Years Ended December 31, |
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Stock Options |
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2013 |
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2012 |
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2011 |
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Risk-free interest rate |
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0.99% - 1.54% |
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0.82% - 1.33% |
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1.08% - 2.57% |
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Volatility factor |
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37.54% - 42.23% |
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40.36% - 41.12% |
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34.68% - 38.92% |
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Expected term of options in years |
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5.4 - 5.5 |
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5.9 - 6.0 |
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5.1 - 6.0 |
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Weighted-average grant-date fair value |
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$15.59 - $17.20 |
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$10.60 - $13.70 |
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$ 8.07 - $14.42 |
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