XML 40 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stockholders' equity
3 Months Ended
Mar. 31, 2013
Stockholders' equity [Abstract]  
Stockholders' equity
5. Equity awards
The following is a summary of stock option award activity under the Second Amended and Restated Emergent BioSolutions Inc., 2006 Stock Incentive Plan (the "2006 Plan") and the Emergent BioSolutions Employee Stock Option Plan (the "2004 Plan"):

 
 
2006 Plan
  
2004 Plan
  
 
 
 
Number of Shares
  
Weighted-Average Exercise Price
  
Number of Shares
  
Weighted-Average Exercise Price
  
Aggregate Intrinsic Value
 
Outstanding at December 31, 2012
  
3,550,842
  
$
17.07
   
53,156
  
$
8.86
  
$
4,801,378
 
Granted
  
812,910
   
14.67
   
-
   
-
     
Exercised
  
(56,499
)
  
8.91
   
-
   
-
     
Forfeited
  
(127,786
)
  
18.55
   
-
   
-
     
Outstanding at March 31, 2013
  
4,179,467
  
$
16.67
   
53,156
  
$
8.86
  
$
2,848,569
 
Exercisable at March 31, 2013
  
2,575,695
  
$
16.86
   
53,156
  
$
8.86
  
$
2,848,569
 

The following is a summary of restricted stock unit award activity under the 2006 Plan:
 
 
Number of Shares
  
Weighted-Average Grant Price
  
Aggregate Intrinsic Value
 
Outstanding at December 31, 2012
  
715,609
  
$
18.41
  
$
11,478,368
 
Granted
  
406,454
   
14.67
     
Vested
  
(291,619
)
  
14.77
     
Forfeited
  
(15,848
)
  
17.16
     
Outstanding at March 31, 2013
  
814,596
  
$
16.46
  
$
5,737,280
 

During the three months ended March 31, 2013, the Company corrected an immaterial prior period error for the three months ended March 31, 2012 of approximately $2.0 million. This immaterial error related to the cash flow presentation of the excess tax benefit attributed to the exercise of non-qualified stock options and restricted stock units. The immaterial error had no impact on the Company's consolidated cash flows, consolidated statements of operations and comprehensive loss or the consolidated balance sheets. The correction of the error is reflected as a reduction of originally reported operating cash flow from operating activities and an increase in originally reported cash flow from financing activities.