XML 30 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
SHARE-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2012
SHARE-BASED COMPENSATION  
Schedule of the assumptions used to determine the fair value of options as of the grant date

 

 

 

 

Nine months ended September 30, 2012

 

Nine months ended September 30, 2011

 

 

 

Black-Scholes

 

Binominal

 

Black-Scholes

 

Binominal

 

 

 

 

 

 

 

 

 

 

 

Risk-free interest rate

 

0.87% — 1.17%

 

0.08% — 2.04%

 

1.69% — 1.93%

 

0.04% — 3.03%

 

Expected stock price volatility

 

34.22% — 34.65%

 

34.20% — 34.60%

 

48.00%

 

55.70 — 55.80%

 

Expected dividend yield

 

 

 

 

 

Expected option life (in years)

 

6.25

 

 

6.25

 

 

Contractual life (in years)

 

 

14

 

 

14

 

Fair value

 

$

19.25 — $29.80

 

$

9.98 — $22.76

 

$

16.33 — $17.85

 

$

16.91 — $20.39

 

 

Summary of the weighted-average fair value of stock options granted, and the total intrinsic value of stock options exercised

 

 

 

 

Nine months ended September 30,

 

(in thousands, except per share amounts)

 

2012

 

2011

 

Weighted-average fair value at grant date per share

 

$

20.77

 

$

17.66

 

Intrinsic value of options exercised

 

11,535

 

4,193

 

Fair value of options vested

 

1,491

 

2,240

 

 

Summary of the activity of the entity's stock options

 

 

 

 

Number of
options

 

Weighted
average
exercise
price

 

Weighted
average
contractual
term
(in years)

 

Aggregate
intrinsic value
(in thousands)

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2011

 

3,243,958

 

$

14.19

 

6.7

 

$

116,755

 

Granted

 

278,500

 

69.48

 

 

 

 

 

Exercised

 

(221,615

)

13.00

 

 

 

 

 

Forfeited

 

(179,095

)

28.35

 

 

 

 

 

Outstanding at September 30, 2012

 

3,121,748

 

18.28

 

6.3

 

$

212,188

 

 

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2012

 

1,936,789

 

$

11.28

 

5.6

 

$

145,205