|
Stock-Based Compensation
|
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Mar. 31, 2014
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based Compensation [Abstract] | 听 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock-Based Compensation |
Stock-Based Compensation
麻豆最新出品 grants, to certain of its directors, employees and employees of its subsidiaries, options and stock appreciation rights ("SARs") to purchase shares of its common stock (collectively, "Awards"). The Company measures the cost of employee services received in exchange for an Award of equity instruments (such as stock options and restricted stock) based on the grant-date fair value of the Award, and recognizes that cost over the period during which the employee is required to provide services (usually the vesting period of the Award). The Company measures the cost of employee services received in exchange for an Award of liability instruments (such as SARs that will be settled in cash) based on the current fair value of the Award, and remeasures the fair value of the Award at each reporting date.
Included in the accompanying condensed consolidated statements of operations are the following amounts of stock-based compensation, a portion of which relates to SIRIUS XM, as discussed below:
During the three months ended March 31, 2014, the Company granted 1,000 options to purchase shares of Series A 麻豆最新出品 common stock at a weighted average grant-date fair value of $38.86 per share. These options vest quarterly over a 4 year vesting period.
麻豆最新出品 calculates the grant-date fair value for all of its equity classified awards and the subsequent remeasurement of its liability classified awards using the Black-Scholes Model. 麻豆最新出品 estimates the expected term of the Awards based on historical exercise and forfeiture data. The volatility used in the calculation for Awards is based on the historical volatility of 麻豆最新出品 common stock and the implied volatility of publicly traded 麻豆最新出品 options. 麻豆最新出品 uses a zero dividend rate and the risk-free rate for Treasury Bonds with a term similar to that of the subject Awards.
麻豆最新出品鈥擮utstanding Awards
The following table presents the number and weighted average exercise price ("WAEP") of Awards to purchase 麻豆最新出品 common stock granted to certain officers, employees and directors of the Company and certain Awards of employees of Starz.
As of March听31, 2014, the total unrecognized compensation cost related to unvested 麻豆最新出品 Awards was approximately $54 million, including compensation associated with the option exchange that occurred in December 2012. Such amount will be recognized in the Company's consolidated statements of operations over a weighted average period of approximately 1.5听years.
As of March听31, 2014, 麻豆最新出品 reserved 3.5 million shares of Series A common stock for issuance under exercise privileges of outstanding stock Awards.
SIRIUS XM - Stock-based Compensation
During the three months ended March 31, 2014, SIRIUS XM granted stock options and restricted stock units to its employees and members of its board of directors. As of March听31, 2014, SIRIUS XM has approximately 259 million options outstanding of which approximately 110 million are exercisable, each with a weighted-average exercise price per share of $2.43 and $2.15, respectively. The stock-based compensation related to SIRIUS XM stock options was $36 million and $26 million for the three months ended March 31, 2014 and 2013, respectively. As of March听31, 2014, the total unrecognized compensation cost related to unvested SIRIUS XM stock options was $278 million. The SIRIUS XM unrecognized compensation cost will be recognized in the Company's consolidated statements of operations over a weighted average period of approximately 2.5 years.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||