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Stock Incentive Plan
 12 Months Ended
Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Incentive Plan
Stock Incentive Plan

The Company has not issued any stock options under its stock incentive plans since 2004. The following table summarizes stock option information:

 
2013
 
2012
 
2011
 
Shares
 
Price(1)
 
Shares
 
Price(1)
 
Shares
 
Price(1)
Outstanding at beginning of year
3,375

 
$
15.17

 
1,314,057

 
$
11.04

 
3,503,384

 
$
10.42

Exercised
3,375

 
15.17

 
1,310,682

 
11.03

 
2,185,952

 
10.05

Canceled
—

 
—

 
—

 
—

 
3,375

 
10.07

Outstanding at year end
—

 
$
—

 
3,375

 
$
15.17

 
1,314,057

 
$
11.04

_______________________________________
(1)
Weighted average exercise price.
Pursuant to the stock incentive plan, the Company may also issue restricted stock units (RSUs) to officers of the Company and its subsidiaries. The RSUs generally vest five years from the award date and are subject to other vesting and forfeiture provisions contained in the award agreement. The following table summarizes RSU information for the three years ended December 31, 2013:
 
2013
 
2012
 
2011
RSUs granted and unvested at beginning of period:
4,701,120

 
4,370,975

 
4,945,375

Granted
108,400

 
2,161,220

 
107,500

Vested
(146,250
)
 
(1,704,625
)
 
(576,050
)
Cancelled
(171,750
)
 
(126,450
)
 
(105,850
)
RSUs granted and unvested at end of period:
4,491,520

 
4,701,120

 
4,370,975


Upon vesting, shares of the Company’s common stock equal to the number of vested RSUs are issued or deferred to a later date, depending on the terms of the specific award agreement. As of December 31, 2013, 3,643,804 shares related to vested RSUs had been deferred.
The fair value of RSUs at the date of grant are recorded as unearned compensation, a component of stockholders’ equity, and expensed over the vesting period. Following is a summary of changes in unearned compensation for the three years ended December 31, 2013:
(In thousands)
2013
 
2012
 
2011
Unearned compensation at beginning of year
$
93,653

 
$
57,315

 
$
76,139

RSUs granted, net of cancellations
4,406

 
73,255

 
2,832

  RSUs expensed
(22,881
)
 
(25,728
)
 
(26,303
)
  RSUs forfeiture adjustment
(1,973
)
 
(11,189
)
 
4,647

Unearned compensation at end of year
$
73,205

 
$
93,653

 
$
57,315