Equity-based Incentive Plans (Tables)

12 Months Ended

Dec. 31, 2012

Equity-based Incentive Plans

Summary of the company's RSU activity and outstanding RSU's

 A summary of the company's RSU activity during 2012 and outstanding RSU's as of December 31, 2012 are presented below (dollars in thousands except grant date fair value):

	Number of RSU's			Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value		Unrecognized Compensation
Outstanding RSU's as of January 1, 2012		—		$	—
RSU's granted		1,422,448			11.95
RSU's vested		(143,666	)		12.65
RSU's forfeited		(9,475	)		11.92
Outstanding RSU's as of December 31, 2012 (nonvested)		1,269,307		$	11.87	$	17,428	$	12,318

Schedule of stock option activity for all plans

	Number of Options			Weighted Average Exercise Price		Weighted Average Fair Value
Outstanding options as of January 1, 2010		6,489,371		$	13.69	$	5.09
Granted		2,545,932			14.73		5.81
Exercised		(1,414,153	)		8.11		2.89
Forfeited		(214,757	)		20.35		6.33
As of December 31, 2010		7,406,393			14.91		5.14
Granted		2,742,904			14.34		5.36
Exercised		(1,047,297	)		11.37		4.28
Forfeited		(499,718	)		16.61		6.15
As of December 31, 2011		8,602,282			15.06		5.25
Granted		—			—		—
Exercised		(451,135	)		6.70		2.67
Forfeited		(1,077,438	)		21.85		6.04
As of December 31, 2012		7,073,709			14.56		5.30

Schedule of information concerning outstanding options, by range of exercise price

Range of Exercise Price	Exercisable Outstanding Options		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price of Exercisable Outstanding Options
$5 to $10		1,153,760		0.9	$	5.23
$10 to $15		2,869,366		2.9		13.14
$15 to $20		2,617,981		2.8		16.39
$35 to $40		432,602		0.4		37.84

Schedule of valuation assumptions used in determining the fair value of stock options

	2011			2010
Volatility(1)		65.1 - 66.3	%		66.4 - 67.0	%
Risk-free interest rate(2)		0.4 - 1.4	%		0.8 - 2.0	%
Dividend yield(3)		2.3 - 2.5	%		2.0 - 2.2	%
Expected life (years)(4)		2.8 - 4.1			2.8 - 4.1

(1)

The volatility is based on the historical volatility of the company's stock.

(2)

The risk-free interest rate is based on the U.S. Treasury strip rate for the expected life of the option.

(3)

The expected dividend yield is based on the company's latest annualized dividend rate and recent historical market prices of the underlying common stock at the date of grant.

(4)

The expected life in years is determined primarily from historical stock option exercise data.