Stock-Based Compensation

6 Months Ended

Jun. 30, 2011

Restricted Stock Awards



	Number of Shares
	(In thousands of shares)
Shares outstanding at January 1, 2011	4,297
Shares granted(a)	886
Shares vested(b)	(1,559	)
Shares forfeited	(53	)
Shares outstanding at June 30, 2011	3,571

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(a)	Weighted-average grant-date fair value of $37.04 per share and a weighted-average requisite service period of 2.5 years. The awards with market conditions included an expected volatility of 48% in the Monte Carlo simulation used to measure grant date fair value.


(b)	Fair value on vesting date of $68.0 million.

During the six months ended June 30, 2011, the Company granted 0.5 million shares of restricted stock awards that time vest over a three-year or five-year period. During the six months ended June 30, 2011, the Company granted 0.4 million shares of restricted stock awards ("2011 Performance Awards") which may vest on the third anniversary of the grant date subject to a market condition based upon the Company's common stock price.

The Company recognized stock-based compensation expense related to restricted stock awards of $15.9 million and $16.8 million for the six months ended June 30, 2011 and 2010, respectively. The unrecognized compensation expense (net of estimated forfeitures) related to restricted stock awards as of June 30, 2011 is $40.2 million.