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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2011
Stock-Based Compensation  
Schedule of stock-based compensation

 

 

 
  Fiscal Years  
 
  2011   2010   2009  
 
  Options,
SARs &
ESPP
  RSUs   Total   Options,
SARs &
ESPP
  RSUs   Total   Options,
SARs &
ESPP
  RSUs   Total  

Statement of operations classification

                                                       

Cost of recurring revenues

  $ 1,105   $ 1,049   $ 2,154   $ 1,066   $ 708   $ 1,774   $ 985   $ 712   $ 1,697  

Cost of non-recurring revenues

    753     561     1,314     804     337     1,141     799     470     1,269  
                                       

Total cost of revenues

    1,858     1,610     3,468     1,870     1,045     2,915     1,784     1,182     2,966  

Sales and marketing

    4,324     1,981     6,305     4,141     1,725     5,866     3,274     2,116     5,390  

Product development

    2,348     2,790     5,138     2,856     2,344     5,200     2,148     2,709     4,857  

General and administrative

    2,443     1,784     4,227     3,213     1,236     4,449     3,180     1,769     4,949  
                                       

Total operating expenses

    9,115     6,555     15,670     10,210     5,305     15,515     8,602     6,594     15,196  
                                       

Total stock-based employee compensation expense

  $ 10,973   $ 8,165   $ 19,138   $ 12,080   $ 6,350   $ 18,430   $ 10,386   $ 7,776   $ 18,162  
                                       

Tax effect on stock-based employee compensation

    (4,303 )   (3,169 )   (7,472 )   (5,592 )   (2,568 )   (8,160 )   (4,091 )   (3,131 )   (7,222 )
                                       

Effect on net income from continuing operations, net of tax

  $ 6,670   $ 4,996   $ 11,666   $ 6,488   $ 3,782   $ 10,270   $ 6,295   $ 4,645   $ 10,940  
                                       

Effect on net income from discontinued operation, net of tax

  $   $   $   $   $   $   $ 76   $ 128   $ 204  
                                       

Effect on net income, net of tax

  $ 6,670   $ 4,996   $ 11,666   $ 6,488   $ 3,782   $ 10,270   $ 6,371   $ 4,773   $ 11,144  
                                       
Schedule of assumptions used in determining the fair value of stock-based awards

 

 

 
  Fiscal Years
 
  2011   2010   2009

Stock Options / Stock Appreciation Rights

           

Risk-free interest rate

  0.9% - 2.4%   1.3% - 2.7%   1.8% - 3.0%

Volatility

  36.0% - 42.8%   35.2% - 38.8%   38.5% - 57.7%

Expected life

  5 years   4 - 5 years   4 - 5 years

Expected dividends

  None   None   None

Employee Stock Purchase Plan*

           

Risk-free interest rate

  0.1% - 0.2%   0.2%   0.2% - 0.4%

Volatility

  28.6% - 48.3%   28.8% - 29.9%   29.5% - 72.8%

Expected life

  6 months   6 months   6 months

Expected dividends

  None   None   None

*
The ESPP periods begin every six months in the second and fourth quarter of each year.
Schedule of Stock option and SAR activity

 

 

 
  Fiscal Years  
 
  2011   2010   2009  
 
  Number of
Shares
  Weighted
Average
Exercise
Price
  Number of
Shares
  Weighted
Average
Exercise
Price
  Number of
Shares
  Weighted
Average
Exercise
Price
 

Outstanding at beginning of year

    6,780   $ 15.73     7,886   $ 14.57     8,182   $ 14.13  

Options and SARs granted

    1,469   $ 26.72     1,041   $ 22.13     1,256   $ 16.05  

Options and SARs exercised

    (1,032 ) $ 14.47     (1,795 ) $ 13.91     (1,077 ) $ 10.58  

Options and SARs canceled

    (188 ) $ 22.96     (352 ) $ 18.05     (475 ) $ 19.95  
                           

Outstanding at end of year

    7,029   $ 18.01     6,780   $ 15.73     7,886   $ 14.57  
                           

Exercisable at end of year

    4,355   $ 14.65     4,278   $ 13.37     4,916   $ 12.92  
                           
Schedule of weighted average grant date fair value and intrinsic value of stock options and SARs and cash received from options exercised

 

 
  Fiscal Years  
 
  2011   2010   2009  

Options and SARs

                   

Weighted average grant date fair value

  $ 9.35   $ 7.64   $ 7.36  

Total intrinsic value of awards exercised

  $ 13,612   $ 18,875   $ 7,992  

Options

                   

Cash received from exercises

  $ 7,189   $ 14,020   $ 8,637  
Schedule of options and SARs outstanding and exercisable by exercise price

 

 

 
  Options and SARs Outstanding   Options and SARs
Exercisable
 
Exercise Price
  Number
of Shares
(in thousands)
  Weighted
Average
Remaining
Contractual
Life (in years)
  Weighted
Average
Exercise
Price
  Number
Exercisable
(in thousands)
  Weighted
Average
Exercise
Price
 

$6.96 - $9.08

    844     2.40   $ 8.94     844   $ 8.94  

$9.13 - $10.38

    804     2.42   $ 9.54     804   $ 9.54  

$10.47 - $14.18

    755     4.60   $ 13.49     700   $ 13.67  

$14.53 - $16.21

    753     6.93   $ 16.05     478   $ 16.02  

$16.30 - $19.79

    710     5.62   $ 18.17     594   $ 18.12  

$19.94 - $21.34

    611     6.52   $ 20.85     403   $ 20.85  

$21.75 - $21.75

    733     8.14   $ 21.75     264   $ 21.75  

$21.90 - $26.85

    681     7.74   $ 24.74     253   $ 23.86  

$26.91 - $26.91

    1,016     9.26   $ 26.91     13   $ 26.91  

$27.02 - $30.15

    122     9.24   $ 27.64     2   $ 27.02  
                       

As of December 31, 2011

    7,029     6.03   $ 18.01     4,355   $ 14.65  
                       

Expected to vest at December 31, 2011

    6,764     5.91   $ 17.73              
                           
Schedule of equity awards available for grant

 

 

 
  Fiscal Years  
 
  2011   2010   2009  

Beginning balance

    6,622     5,087     2,720  

Awards authorized

        3,002     3,600  

Options and SARs granted

    (1,469 )   (1,041 )   (1,256 )

Options and SARs canceled

    188     352     475  

Options expired

    (10 )       (3 )

RSUs granted

    (489 )   (452 )   (423 )

RSUs canceled

    94     62     128  

RSU adjustment(1)(2)

    (391 )   (388 )   (154 )
               

Ending balance

    4,545     6,622     5,087  
               

(1)
Effective with our 2002 Stock Plan amended on April 1, 2010, awards of restricted stock, restricted stock units, performance shares or performance units reduce the number of shares available under the Plan by 1.99 shares for each share covered by such awards.
(2)
Effective with our 2002 Stock Plan amended on April 1, 2009, awards of restricted stock, restricted stock units, performance shares or performance units reduce the number of shares available under the Plan by 1.52 shares for each share covered by such awards.
Summary of RSU Activity

 

 

 
  Fiscal Years  
 
   
   
  2010   2009  
 
  2011  
 
   
  Weighted
Average
Grant Date
Fair Value
   
  Weighted
Average
Grant Date
Fair Value
 
 
  Number of
Shares
(in thousands)
  Weighted
Average
Grant Date
  Number of
Shares
(in thousands)
  Number of
Shares
(in thousands)
 

Outstanding and unvested at beginning of period

    1,308   $ 19.58     1,369   $ 18.17     1,402   $ 18.95  

RSUs granted

    489   $ 26.75     452   $ 22.05     423   $ 16.50  

RSUs vested

    (450 ) $ 35.35     (451 ) $ 17.85     (328 ) $ 18.89  

RSUs canceled

    (94 ) $ 22.21     (62 ) $ 18.99     (128 ) $ 19.34  
                           

Outstanding and unvested at end of period

    1,253   $ 16.51     1,308   $ 19.58     1,369   $ 18.17  
                           
Schedule of the Company's issuance of common stock under the 2005 Employee Stock Purchase Plan

 

 

 
  Fiscal Years  
 
  2011   2010   2009  

Common shares issued

    272,767     338,656     552,820  

Average price

  $ 22.58   $ 17.11   $ 10.17