Symantec 2016 Annual Report Download - page 170
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The weighted-average grant date fair value per share of restricted stock granted during fiscal 2016, 2015,
and 2014, including assumed restricted stock was $23.20, $22.66, and $23.90, respectively. The total fair value
of restricted stock that vested and was released in fiscal 2016, 2015, and 2014 was $250 million, $133 million,
and $147 million, respectively.
As of April 1, 2016, total unrecognized compensation cost adjusted for estimated forfeitures related
restricted stock was $213 million, which is expected to be recognized over the remaining weighted-average
vesting period of 1.9 years.
Performance-based restricted stock units
During fiscal 2016 we granted performance-based restricted stock units (“PRUs”) to certain senior level
employees under our 2013 Plan. As of April 1, 2016 there were 2 million PRUs outstanding, with a weighted-
average grant date fair value of $27.10 per share. As of April 1, 2016, total unrecognized compensation cost
related to the PRUs was approximately $16 million, which is expected to be recognized over the remaining
weighted-average period of 1.5 years. During fiscal 2016, 2015 and 2014 the total number of PRUs and
performance-contingent stock units (“PCSUs”) released was 0.4 million, 1.0 million, and 0.5 million,
respectively. No PCSUs were granted during fiscal 2016 and none remained unvested as of April 1, 2016.
Shares reserved
We reserved the following shares of authorized but unissued common stock:
April 1, 2016
(In millions)
Stock purchase plans 42
Stock award plans 39
Total 81
Note 11. Income Taxes
The components of the provision for income taxes recorded in continuing operations are as follows:
Year Ended
April 1,
2016
April 3,
2015
March 28,
2014
(Dollars in millions)
Current:
Federal $ 69 $ 4 $ (18)
State 13 (18) (10)
International 46 40 31
128 26 3
Deferred:
Federal 1,060 (38) 5
State 15 (4) 12
International 10 8 (4)
1,085 (34) 13
Provision for income taxes $ 1,213 $ (8) $ 16
Pretax income from international operations was $125 million, $41 million, and $102 million for fiscal
2016, 2015, and 2014, respectively.
82