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Stock Award Plans (Tables)
12 Months Ended
Dec. 31, 2012
Stock-Based Compensation Expense

We recorded stock-based compensation expense as follows:

 

     Year Ended December 31,      Seven
Months Ended
December 31,

2010
     Year Ended
May  31,

2010
 

(In thousands)

   2012      2011        

Total stock-based compensation expense

     $39,985         $40,752         $18,916         $14,849   
 
Stock Options Outstanding

The following table summarizes the status of stock options outstanding and the changes during the periods presented:

 

(In thousands, except per share amounts)

   Options
Outstanding
    Weighted-Average
Exercise Price
     Options
Exercisable
     Weighted-Average
Exercise Price
 

Balance at May 31, 2009

     4,222        $5.17         4,222         $5.17   
  

 

 

         

Options exercised

     (732     $7.79         

Options forfeited

     (220     $18.56         
  

 

 

         

Balance at May 31, 2010

     3,270        $3.42         3,270         $3.42   
  

 

 

         

Options exercised

     (1,382     $7.43         

Options assumed

     5,865        $13.64         

Options forfeited

     (78     $8.38         
  

 

 

         

Balance at December 31, 2010

     7,675        $10.46         6,434         $9.80   
  

 

 

         

Options exercised

     (3,469     $10.21         

Options forfeited

     (230     $14.49         
  

 

 

         

Balance at December 31, 2011

     3,976        $10.31         3,499         $9.87   
  

 

 

         

Options exercised

     (1,138     $5.32         

Options forfeited

     (171     $16.62         
  

 

 

         

Balance at December 31, 2012

     2,667        $12.04         2,548         $11.88   
  

 

 

         
 
Weighted Average Input Assumptions
The fair value of stock options assumed in the Eclipsys Merger was estimated at the date of acquisition. The weighted average input assumptions used were as follows:

 

Expected option life (in years)

   0.11 – 4.54

Risk-free interest rate

   0.17% – 1.36%

Volatility

   30.5% – 54.04%

Dividend yield

   0%
 
Stock Option Activity

The following activity occurred under our plans:

 

                  

Seven
Months Ended

December 31,

    

Year Ended

May 31,

 
     Year Ended December 31,        

(In thousands)

       2012              2011          2010      2010  

Total intrinsic value of stock options exercised

     $7,756         $33,016         $15,001         $13,131   

Total fair value of share awards vested

     $28,600         $36,137         $27,633         $19,976   
 
Stock Option Awards

Information regarding stock options outstanding at December 31, 2012 is as follows:

 

(In thousands, except per share amounts)
Range of Exercise Prices

   Number of
Options
Outstanding
     Weighted-
Average
Exercise
Price
     Number of
Options
Exercisable
     Weighted-
Average
Exercise
Price
 

$1.33 to $5.09

     322,923         $3.21         322,923         $3.21   

$5.13 to $12.32

     1,237,993         $9.11         1,222,048         $9.14   

$12.50 to $15.99

     105,373         $13.72         98,456         $13.70   

$16.73 to $18.40

     548,697         $16.54         452,333         $16.65   

$18.45 to $20.94

     452,027         $18.41         452,027         $18.41   
  

 

 

       

 

 

    
     2,667,013            2,547,787      
  

 

 

       

 

 

    
 
Assumptions in Option Pricing Models

The following assumptions have been used in the option pricing models:

 

     Seven
Months Ended
December 31,
    Year Ended
May 31,
 
     2010     2010  

Risk-free interest rate

     1.22     2.04

Dividend yield

     0     0

Volatility

    

Market value awards

     N/A        N/A   

Nil cost awards

     47     46

Expected life (years)

    

Market value awards

     N/A        N/A   

Nil cost awards

     3        3   
 
Additional Information of Plan Activity

Additional information with respect to the plan activity related to Allscripts for years ended December 31, 2012 and 2011, the seven months ended December 31, 2010 and for the year ended May 31, 2010 is summarized as follows:

 

     Nil Costs      Market Value  

(In thousands, except per share amounts)

   Shares     Weighted-Average
Grant Date
Fair Value
     Shares     Weighted-Average
Exercise Price
     Weighted-Average
Grant Date
Fair Value
 

At May 31, 2009

     3,915           3,632        $2.25      
  

 

 

      

 

 

      

Granted

     24        $2.76         0        $0.00         $0.00   

Exercised

     (487        (113     $2.76      

Canceled or expired

     (193        (950     $4.28      

Transfers

     312           548        $2.94      
  

 

 

      

 

 

      

At May 31, 2010

     3,571           3,117        $4.02      
  

 

 

      

 

 

      

Granted

     9        $4.14         0        $0.00         $0.00   

Exercised

     (1,817        (991     $3.31      

Canceled or expired

     (1,741        (1,087     $5.16      
  

 

 

      

 

 

      

At December 31, 2010

     22           1,039        $4.19      
  

 

 

      

 

 

      

Exercised

     0           (585     $4.12      

Canceled or expired

     0           (450     $4.69      

Transfers

     (22        (4     $5.57      
  

 

 

      

 

 

      

At December 31, 2011

     0           0        $0.00      
  

 

 

      

 

 

      

At December 31, 2012

     0           0        $0.00      
  

 

 

      

 

 

      

Options exercisable

     0           0        $0.00      
 
Performance-Based Share Awards
 
Activity for Restricted Stock Awards

The following table summarizes the activity for restricted stock awards during the periods presented.

 

(In thousands, except per share amounts)

   Shares     Weighted-Average
Grant Date Fair Value
 

Unvested restricted stock awards at May 31, 2010

     0        $0.00   
  

 

 

   

Awarded

     928        $17.09   

Assumed

     495        $14.43   

Vested

     (224     $15.06   

Forfeited

     (31     $16.41   
  

 

 

   

Unvested restricted stock awards at December 31, 2010

     1,168        $17.20   
  

 

 

   

Vested

     (622     $16.39   

Forfeited

     (135     $16.77   
  

 

 

   

Unvested restricted stock awards at December 31, 2011

     411        $16.95   
  

 

 

   

Vested

     (254     $16.27   

Forfeited

     (137     $16.72   
  

 

 

   

Unvested restricted stock awards at December 31, 2012

     20        $15.94   
  

 

 

   
 
Service-Based Share Awards
 
Activity for Restricted Stock Awards

The following table summarizes the activity for restricted stock units during the periods presented.

 

(In thousands, except per share amounts)

   Shares     Weighted-Average
Grant Date Fair Value
 

Unvested restricted stock units at May 31, 2009

     3,168        $8.65   
  

 

 

   

Awarded

     1,502        $17.35   

Vested

     (925     $8.88   

Forfeited

     (244     $12.04   
  

 

 

   

Unvested restricted stock units at May 31, 2010

     3,501        $12.13   
  

 

 

   

Awarded

     1,227        $17.54   

Assumed

     502        $16.07   

Vested

     (1,192     $12.33   

Forfeited

     (375     $13.42   
  

 

 

   

Unvested restricted stock units at December 31, 2010

     3,663        $14.35   
  

 

 

   

Awarded

     2,247        $20.53   

Vested

     (1,237     $13.08   

Forfeited

     (491     $16.03   
  

 

 

   

Unvested restricted stock units at December 31, 2011

     4,182        $17.83   
  

 

 

   

Awarded

     5,574        $11.78   

Vested

     (1,898     $16.11   

Forfeited

     (1,130     $17.16   
  

 

 

   

Unvested restricted stock units at December 31, 2012

     6,728        $13.43