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Share-Based Compensation Plans (Tables)
9 Months Ended
Sep. 30, 2011
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] 
Employee service share based compensation allocation of recognized period
The following table presents share-based compensation expense attributable to stock options and restricted shares. There is no deferred income tax benefit.
 
For the Three Months Ended
September 30,
 
For the Nine Months Ended
September 30,
 
2011
 
2010
 
2011
 
2010
 
(In thousands)
Stock options
$
497

 
$
591

 
$
1,550

 
$
1,850

Restricted shares
532

 
149

 
2,497

 
883

Total share-based compensation expense
$
1,029

 
$
740

 
$
4,047

 
$
2,733


The following table presents share-based compensation expense as included in the Consolidated Statements of Income:
 
For the Three Months Ended
September 30,
 
For the Nine Months Ended
September 30,
 
2011
 
2010
 
2011
 
2010
 
(In thousands)
Cost of sales
$
7

 
$
7

 
$
13

 
$
20

Selling, general and administrative
890

 
638

 
3,510

 
2,379

Research and development
132

 
95

 
524

 
334

Total share-based compensation expense
$
1,029

 
$
740

 
$
4,047

 
$
2,733

Summary of all common stock option activity
The following table summarizes our stock option activity for the nine months ended September 30, 2011:
 
Number of
Shares
(In thousands)
 
Weighted
Average
Exercise Price
Per Share
 
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
(In thousands)
Outstanding at December 31, 2010
7,843

 
$
10.26

 
 

 
 

Granted
120

 
6.46

 
 

 
 

Exercised
(187
)
 
4.99

 
 

 
 

Forfeited or expired
(1,545
)
 
11.63

 
 

 
 

Outstanding at September 30, 2011
6,231

 
$
10.00

 
3.10

 
$
109

Fully vested and expected to vest at September 30, 2011
6,195

 
$
10.01

 
3.07

 
$
109

Exercisable at September 30, 2011
5,678

 
$
10.17

 
2.69

 
$
109

Assumptions used in valuing the weighted average fair values of the options granted
The following assumptions were used in the Black-Scholes option pricing model to calculate weighted average fair values of the options granted for the nine months ended September 30, 2011 and 2010.
 
For the Nine Months Ended
September 30,
 
2011
 
2010
Expected life (in years)
6.2

 
6.0

Risk-free interest rate
2.4
%
 
3.0
%
Volatility
67
%
 
71
%
Dividend yield

 

Weighted average grant date fair value per option granted
$
4.06

 
$
5.00

Restricted share activity
The following table summarizes our restricted share activity for the nine months ended September 30, 2011:
 
Number of
Shares
(In thousands)
 
Weighted
Average
Grant-Date
Fair Value
(Per share)
Nonvested at December 31, 2010
372

 
$
5.96

Awards granted
809

 
7.70

Awards vested
(306
)
 
6.81

Awards forfeited
(116
)
 
7.18

Nonvested at September 30, 2011
759

 
$
7.29