XML 99 R20.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Share-based Payments | 9 Months Ended
--- | ---
Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Share-based Payments | Share-based Payments Share-based Compensation Expense The following table summarizes share-based compensation expense included within our condensed consolidated statements of income:
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
(In millions) | 2014 |  | 2013 |  | 2014 |  | 2013
Research and development | $ | 24.2 |  |  | $ | 20.7 |  |  | $ | 78.1 |  |  | $ | 69.6 |
Selling, general and administrative | 34.7 |  |  | 39.9 |  |  | 115.5 |  |  | 119.5 |
Subtotal | 58.9 |  |  | 60.6 |  |  | 193.6 |  |  | 189.1 |
Capitalized share-based compensation costs | (2.3 | ) |  | (2.4 | ) |  | (7.5 | ) |  | (7.4 | )
Share-based compensation expense included in total cost and expenses | 56.6 |  |  | 58.2 |  |  | 186.1 |  |  | 181.7 |
Income tax effect | (16.6 | ) |  | (17.4 | ) |  | (55.4 | ) |  | (54.3 | )
Share-based compensation expense included in net income attributable to Biogen Idec Inc. | $ | 40.0 |  |  | $ | 40.8 |  |  | $ | 130.7 |  |  | $ | 127.4 |
The following table summarizes share-based compensation expense associated with each of our share-based compensation programs:
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
(In millions) | 2014 |  | 2013 |  | 2014 |  | 2013
Stock options | $ | — |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 0.5 |
Market stock units | 7.1 |  |  | 12.2 |  |  | 30.2 |  |  | 27.2 |
Time-vested restricted stock units | 28.2 |  |  | 25.3 |  |  | 86.6 |  |  | 77.2 |
Cash settled performance units | 15.2 |  |  | 20.6 |  |  | 50.6 |  |  | 76.8 |
Performance units | 5.7 |  |  | — |  |  | 16.0 |  |  | — |
Employee stock purchase plan | 2.7 |  |  | 2.4 |  |  | 10.2 |  |  | 7.4 |
Subtotal | 58.9 |  |  | 60.6 |  |  | 193.6 |  |  | 189.1 |
Capitalized share-based compensation costs | (2.3 | ) |  | (2.4 | ) |  | (7.5 | ) |  | (7.4 | )
Share-based compensation expense included in total cost and expenses | $ | 56.6 |  |  | $ | 58.2 |  |  | $ | 186.1 |  |  | $ | 181.7 |
Grants Under Share-based Compensation Plans The following table summarizes our equity grants to employees, officers and directors under our current stock plans:
| For the Nine Months Ended September 30,
| 2014 |  | 2013
Market stock units | 236,000 |  |  | 268,000 |
Cash settled performance shares | 182,000 |  |  | 273,000 |
Performance units | 57,000 |  |  | — |
Time-vested restricted stock units | 437,000 |  |  | 708,000 |
The market stock units (MSUs) granted during the nine months ended September 30, 2014 primarily vest in three equal annual increments beginning on the anniversary of the grant date. For these grants, the performance multiplier is derived based on the stock price growth rate between the 30 calendar day average closing stock price on the grant date and the 30 calendar day average closing stock price leading up to and including each of the three vesting dates. These awards may ultimately earn between 0% and 200% of the target number of units granted based on actual stock performance. Any performance multiplier less than 50% results in no shares being earned for that respective tranche. During the first quarter of 2014, we began granting performance-vested restricted stock units (PUs), which can be settled in cash or shares of our common stock at the sole discretion of the Compensation and Management Development Committee of the Board of Directors. PUs awarded to employees vest in three equal annual increments beginning on the anniversary of the grant date. The number of PUs granted represents the target number of units that are eligible to be earned based on the attainment of certain performance measures established at the beginning of the performance period, which ends on December 31 st of each year. Participants may ultimately earn between 0% and 200% of the target number of units granted based on the degree of actual performance metric achievement, with no units being earned if the performance multiplier is below 50%. Accordingly, additional PUs may be issued or currently outstanding PUs may be cancelled upon final determination of the number of units earned. Settlement of PUs is based on the 30 calendar day average closing stock price through each vesting date once the actual vested and earned number of units is known. In addition, for the nine months ended September 30, 2014, approximately 150,000 shares were issued under our employee stock purchase plan compared to approximately 208,000 shares issued in the prior year comparative period.

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

X
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + 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 Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration