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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Stock-Based Compensation  
Employee stock-based compensation

 

 

 
  Year Ended December 31,  
 
  2012   2011   2010  
 
  (In thousands except per share data)
 

Cost of goods sold

  $ 6   $ -   $ -  

Research and development

    9,296     6,269     4,252  

Selling, general and administrative

    26,024     20,121     17,865  
               

Total share-based compensation expense

  $ 35,326   $ 26,390   $ 22,117  
               

Impact on net income (loss) per share amounts:

                   

Decrease in basic net income (loss) per share

  $ 0.54   $ 0.42   $ 0.35  
               

Decrease in diluted net income (loss) per share

  $ 0.54   $ 0.41   $ 0.35  
               

Weighted Average Shares (Basic)

   
65,148
   
63,422
   
62,618
 

Weighted Average Shares (Diluted)

    65,148     64,010     62,618  
Summary of stock option activity under all option plans

 

 

 
  Year Ended December 31,
 
  2012   2011   2010

Stock Option Plans:

           

Risk-free interest rate

  0.78%   1.92%   2.06%

Expected life

  4.5 years   4.4 years   4.4 years

Expected volatility

  50%   53%   55%

Expected dividends

  None   None   None

Weighted average option fair value

  $20.32   $15.77   $13.12

Restricted stock awards and units:

           

Expected life

  3 years   3 years   3 years

Expected dividends

  None   None   None

Weighted average fair value per share

  $42.91   $32.75   $29.92

ESPP:

           

Risk-free interest rate

  0.10%   0.14%   0.18%

Expected life

  6 months   6 months   6 months

Expected volatility

  51%   42%   46%

Expected dividends

  None   None   None

Weighted average fair value per share

  $15.89   $9.76   $6.25
Stock option and award activity under employee stock options plans

 

 

Employee stock options:   Number of
Shares
Outstanding
  Weighted Average
Exercise Price
 

Balance at December 31, 2009

    5,068,110     $29.48  

Granted

   
2,013,989
   
$28.57
 

Exercised

    (323,436 )   $21.22  

Expired

    (98,172 )   $34.69  

Forfeited

    (386,020 )   $30.36  
             

Balance at December 31, 2010

    6,274,471        
             

Granted

   
1,966,456
   
$35.34
 

Exercised

    (819,370 )   $26.99  

Expired

    (51,011 )   $46.07  

Forfeited

    (436,749 )   $30.02  
             

Balance at December 31, 2011

    6,933,797        
             

Granted

   
2,436,630
   
$49.73
 

Exercised

    (2,490,484 )   $30.65  

Expired

    (70,945 )   $32.58  

Forfeited

    (400,483 )   $34.82  
             

Balance at December 31, 2012

    6,408,515        
             
Options outstanding and exercisable for stock-based payment awards

 

 

Options Outstanding   Options Exercisable  
Range of Exercise Prices   Number
Outstanding
  Weighted Average
Contractual Life
Remaining
(In years)
  Weighted
Average
Exercise Price
  Number
Exercisable
  Weighted
Average
Exercise Price
 

$11.85 - $29.03

    1,394,052     5.5     $26.05     1,108,933     $26.03  

$29.12 - $34.48

    1,335,042     6.9     $31.39     796,788     $31.37  

$34.51 - $37.68

    1,953,665     8.4     $36.47     551,483     $36.01  

$37.85 - $67.24

    1,294,457     8.6     $48.53     223,893     $45.64  

$67.38 - $91.38

    431,299     9.7     $76.94     2,223     $68.11  
                             

Total

    6,408,515     7.6     $38.30     2,683,320     $31.34  
                             
Summary of stock award activity under option plans

 

 

Restricted stock awards and units:   Shares   Weighted Average
Grant Date Fair
Value
 

Balance at December 31, 2009

    368,641     $29.12  

Granted

    250,464     $29.68  

Vested

    (172,870 )   $28.74  

Cancelled

    (54,713 )   $28.94  
             

Balance at December 31, 2010

    391,522     $28.91  
             

Granted

    232,383     $35.03  

Vested

    (191,012 )   $29.66  

Cancelled

    (42,125 )   $30.80  
             

Balance at December 31, 2011

    390,768     $32.75  
             

Granted

    282,167     $42.91  

Vested

    (191,856 )   $32.09  

Cancelled

    (51,711 )   $34.60  
             

Balance at December 31, 2012

    429,368     $39.50  
             
Summary of non-vested restricted stock awards

 

 

Performance restricted stock units:   Shares   Weighted Average
Grant Date Fair
Value
 

Balance at December 31, 2010

    -     -  

Granted

    205,500     $35.23  

Vested

    -     -  

Cancelled

    -     -  
             

Balance at December 31, 2011

    205,500     $35.23  

Granted

    238,475     $38.15  

Vested

    (91,500 )   $35.23  

Cancelled

    (133,650 )   $35.52  
             

Balance at December 31, 2012

    218,825     $38.24