The 1.2m refers to the height above the ground, and the time it takes to shatter is just the time taken to fall to the ground. Since the puck starts with zero vertical velocity this can be obtained from the following (if we ignore air resistance):
h = (1/2)gt2, where h = 1.2m, g = 9.81m/s2, and t is the time.
Rearranging, we have t = √(2h/g)
$${\mathtt{t}} = {\sqrt{{\frac{{\mathtt{2}}{\mathtt{\,\times\,}}{\mathtt{1.2}}}{{\mathtt{9.81}}}}}} \Rightarrow {\mathtt{t}} = {\mathtt{0.494\: \!619\: \!366\: \!829\: \!497\: \!9}}$$
t ≈ 0.495 seconds.
The horizontal velocity is irrelevant in determining the time. It becomes relevant if we want to know how far away from the table it got before it shattered!