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Share-based Compensation (Tables)
3 Months Ended
Mar. 31, 2013
Share-based Compensation  
Schedule of Share-Based Compensation Expense by Award Type

 

 

 

Three Months Ended

 

 

 

March 31,

 

(in thousands)

 

2013

 

2012

 

Stock options

 

$

4,520

 

$

3,882

 

Performance shares

 

1,195

 

790

 

Restricted shares

 

231

 

181

 

Employee Stock Purchase Plan

 

46

 

51

 

Total

 

$

5,992

 

$

4,904

 

Schedule of Share-Based Compensation Expense by Financial Statement Location

 

 

 

Three Months Ended

 

 

 

March 31,

 

(in thousands)

 

2013

 

2012

 

Research and development

 

$

1,278

 

$

1,083

 

Selling, general and administrative

 

4,714

 

3,821

 

Total

 

$

5,992

 

$

4,904

 

Schedule Of Information About Equity Plans

 

 

 

1995 Plan

 

2001 Plan

 

2005 Plan

 

Combined

 

Shares authorized for issuance

 

4,500,000

 

500,000

 

15,350,000

 

20,350,000

 

Shares outstanding

 

4,500,000

 

500,000

 

11,952,125

 

16,952,125

 

Shares available for grant

 

 

 

3,397,875

 

3,397,875

 

Schedule Of Weighted Average Fair Value Assumptions Using Black-Scholes Option-Pricing Model

 

Expected dividend yield

 

 

 

 

 

 

Range of risk free interest rate

 

1.15

%

 

1.36

%

Weighted-average volatility

 

 

 

57.99

%

 

 

Range of volatility

 

57.95

%

 

58.06

%

Range of expected option life (in years)

 

5.50

 

 

6.25

 

Schedule of Stock Options Outstanding and Exercisable

 

 

 

Number of
options

 

Weighted
average exercise
price

 

Weighted average
remaining

contractual term

(years)

 

Aggregate intrinsic
value

(in thousands)

 

Outstanding

 

9,687,716

 

$

16.20

 

6.89

 

$

90,276

 

Exercisable

 

5,298,336

 

$

12.92

 

5.41

 

$

66,118

 

Schedule of Stock Option Activity - Current

 

 

 

Shares Under
Option

 

Weighted Average

Exercise Price

 

Balance at December 31, 2012

 

8,814,831

 

$

15.26

 

Granted

 

1,066,548

 

$

23.68

 

Exercised

 

(119,390

)

$

10.94

 

Forfeited and cancelled

 

(74,273

)

$

19.97

 

Balance at March 31, 2013

 

9,687,716

 

$

16.20

 

Schedule Of Fair Value Of PSUs Assumptions Using Monte Carlo Simulation

 

 

 

Three Months Ended

 

 

 

March 31,

 

(in thousands)

 

2013

 

2012

 

Closing stock price on grant date

 

$

23.37

 

$

28.16

 

Performance period starting price

 

$

23.83

 

$

24.94

 

Term of award (in years)

 

2.99

 

2.99

 

Volatility

 

43.13

%

65.06

%

Risk-free interest rate

 

0.43

%

0.45

%

Expected dividend yield

 

0.00

%

0.00

%

Fair value per TSR PSU

 

$

32.63

 

$

45.37

 

Schedule of Performance Share Units Activity

 

 

 

Share Units
(in thousands)

 

Weighted-
average grant
date fair value

 

Balance at December 31, 2012

 

350,739

 

$

24.86

 

Granted

 

281,030

 

$

24.30

 

Exercised

 

 

$

 

Forfeited

 

(8,930

)

$

24.66

 

Vested

 

 

$

 

Balance at March 31, 2013

 

622,839

 

$

24.61

 

Schedule of Restricted Stock Awards Activity

 

 

 

Share Units
(in
thousands)

 

Weighted-
average grant
date fair value

 

Balance at December 31, 2012

 

37,750

 

$

31.12

 

Granted

 

31,500

 

$

25.25

 

Vested

 

(33,583

)

$

31.51

 

Balance at March 31, 2013

 

35,667

 

$

25.57