Share-Based Compensation Plans

9 Months Ended

Sep. 30, 2012

Share-Based Compensation Plans

Note 13 – Share-Based Compensation Plans

The following table presents the share-based compensation expense associated with the Company’s share-based compensation plans for the three and nine months ended September 30, 2012 and 2011:

	For the Three Months Ended September 30,				For the Nine Months  Ended September 30,
(in thousands)	2012		2011		2012		2011
Restricted stock units	$	2,615	$	2,899	$	11,242	$	11,513
Stock options		—		—		—		9
Employee stock purchase plan		227		190		680		612
	$	2,842	$	3,089	$	11,922	$	12,134

The following table summarizes RSU activity for the nine months ended September 30, 2012:

(in thousands, except weighted-average grant-date fair value)	Shares			Weighted-average grant-date fair value
RSUs unvested at December 31, 2011		3,141		$	12.83
Granted during 2012		726		$	15.52
Vested during 2012		(885	)	$	14.76
Forfeited during 2012		(62	)	$	9.37
RSUs unvested at September 30, 2012		2,920		$	12.99

The following table summarizes stock option activity for the nine months ended September 30, 2012:

(in thousands, except weighted-average exercise price and contractual term)	Number outstanding			Weighted- average exercise price		Weighted- average remaining contractual term		Aggregate intrinsic value
Balance at December 31, 2011		2,636		$	14.89
Exercised during 2012		(354	)	$	10.90
Forfeited during 2012		(35	)	$	20.11
Balance at September 30, 2012		2,247		$	15.44		2.0	$	14,005
Vested at September 30, 2012		2,247		$	15.44		2.0	$	14,005
Exercisable at September 30, 2012		2,247		$	15.44		2.0	$	14,005

All stock options issued under the Company’s plans are vested and no share-based compensation expense related to such stock options remains to be recognized.