WBMD » Topics » Summary of Stock-Based Compensation Expense

This excerpt taken from the WBMD 10-Q filed May 11, 2009.
Summary of Stock-Based Compensation Expense
 
The following table summarizes the components and classification of stock-based compensation expense:
 
                 
    Three Months Ended
 
    March 31,  
    2009     2008  
 
HLTH Plans:
               
Stock options
  $ 32     $ 204  
Restricted stock
          9  
WebMD Plans:
               
Stock options
    4,669       2,840  
Restricted stock
    865       278  
ESPP
          31  
Other
    88       350  
                 
Total stock-based compensation expense
  $ 5,654     $ 3,712  
                 
Included in:
               
Cost of operations
  $ 1,623     $ 1,116  
Sales and marketing
    1,550       1,126  
General and administrative
    2,350       1,438  
                 
(Loss) income from continuing operations
    5,523       3,680  
Loss from discontinued operations, net of tax
    131       32  
                 
Total stock-based compensation expense
  $ 5,654     $ 3,712  
                 
 
As of March 31, 2009, approximately $470 and $72,895 of unrecognized stock-based compensation expense related to unvested awards (net of estimated forfeitures) is expected to be recognized over a weighted-average period of approximately 3.0 years and 3.4 years related to the HLTH Plans and the WebMD Plans, respectively.


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Table of Contents

ITEM 2.   Management’s Discussion and Analysis of Financial Condition and Results of Operations
 
This Item 2 contains forward-looking statements with respect to possible events, outcomes or results that are, and are expected to continue to be, subject to risks, uncertainties and contingencies, including those identified in this Item. See “Forward-Looking Statements” on page 3.
 
This excerpt taken from the WBMD 10-Q filed May 12, 2008.
Summary of Stock-Based Compensation Expense
 
The following table summarizes the components and classification of stock-based compensation expense:
 
                 
    Three Months Ended March 31,  
    2008     2007  
 
HLTH Plans:
               
Stock options
  $ 204     $ 745  
Restricted stock
    9       140  
WebMD Plans:
               
Stock options
    2,840       3,423  
Restricted stock
    278       687  
ESPP
    31       26  
Other
    350       342  
                 
Total stock-based compensation expense
  $ 3,712     $ 5,363  
                 
Included in:
               
Cost of operations
  $ 1,119     $ 1,578  
Sales and marketing
    1,138       1,258  
General and administrative
    1,455       2,527  
                 
Total stock-based compensation expense
  $ 3,712     $ 5,363  
                 
 
As of March 31, 2008, approximately $404 and $35,842 of unrecognized stock-based compensation expense related to unvested awards (net of estimated forfeitures) is expected to be recognized over a weighted-average period of approximately 0.69 years and 1.50 years related to the HLTH Plans and the WebMD Plans, respectively.
 
4.  Transactions with HLTH
 
This excerpt taken from the WBMD 10-Q filed May 10, 2007.
Summary of Stock-Based Compensation Expense
 
The following table summarizes the components and classification of stock-based compensation expense:
 
                 
    Three Months
 
    Ended
 
    March 31,  
    2007     2006  
 
Emdeon Plans:
               
Stock options
  $ 745     $ 1,581  
Restricted stock
    140       359  
Company’s Plan:
               
Stock options
    3,423       4,077  
Restricted stock
    687       881  
ESPP
    26       25  
Other
    342       85  
                 
Total stock-based compensation expense
  $ 5,363     $ 7,008  
                 
Included in:
               
Cost of operations
  $ 1,578     $ 2,317  
Sales and marketing
    1,258       1,488  
General and administrative
    2,527       3,203  
                 
Total stock-based compensation expense
  $ 5,363     $ 7,008  
                 
 
No tax benefits were attributed to the stock-based compensation expense because a valuation allowance was maintained for substantially all net deferred tax assets. As of March 31, 2007, approximately $2,091 and $41,615 of unrecognized stock-based compensation expense related to unvested awards (net of estimated forfeitures) is expected to be recognized over a weighted-average period of approximately 0.82 years and 1.87 years related to the Emdeon Plans and the WebMD Plans, respectively.
 
3.  Transactions with Emdeon
 
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