XML 115 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation and Other Employee Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2013
Share-based Compensation [Abstract]  
Summary Of Restricted Share Award Activity
Following is a summary of restricted share award activity during the periods indicated:
 
Restricted
Shares
 
Weighted Average  
Grant Date
Fair Value
Non-vested restricted shares, as of December 31, 2011
716,780

 
$
14.45

Granted
139,353

 
18.55

Vested
(12,892
)
 
14.60

Canceled/forfeited
(9,000
)
 
15.08

Non-vested restricted shares, as of March 31, 2012
834,241

 
$
15.12

 
 
 
 
Non-vested restricted shares, as of December 31, 2012
792,396

 
$
19.07

Granted
21,267

 
27.10

Vested
(23,767
)
 
20.35

Canceled/forfeited

 

Non-vested restricted shares, as of March 31, 2013
789,896

 
$
19.24

Summary of Stock Option Activity
The following is a summary of stock option activity during the periods indicated:
 
Stock 
Options
 
Weighted Average 
Exercise Price
 
Weighted Average
Remaining
Contractual Life
 (years)
 
Aggregate Intrinsic
Value (1)  
(in millions)
Options outstanding as of December 31, 2011
1,445,774

 
$
10.25

 
3.16
 
$
10.3

Exercised
(20,000
)
 
5.37

 
 
 
 
Canceled/forfeited

 

 
 
 
 
Options outstanding as of March 31, 2012
1,425,774

 
$
10.32

 
2.97
 
$
11.1

Options exercisable as of March 31, 2012
1,425,774

 
$
10.32

 
2.97
 
$
11.1

 
 
 
 
 
 
 
 
Options outstanding as of December 31, 2012
1,053,825

 
$
10.55

 
2.31
 
$
15.2

Exercised
(194,200
)
 
10.02

 
 
 
 
Canceled/forfeited

 

 
 
 
 
Options outstanding as of March 31, 2013
859,625

 
$
10.66

 
2.06
 
$
15.9

Options exercisable as of March 31, 2013
859,625

 
$
10.66

 
2.06
 
$
15.9

(1)
Amount represents the difference between the exercise price and the market price of the Company’s stock on the last trading day of the corresponding period, multiplied by the number of in-the-money options.
Summary Of Stock-Based Compensation Expense And Related Tax Benefits
Details of stock based compensation expense and related tax benefit (expense) for the periods indicated are as follows (in millions):
 
For the Three Months Ended March 31,
 
2013
 
2012
Stock based compensation expense:
 
 
 
Restricted share awards and other
$
2.4

 
$
1.0

Stock options

 

Total stock based compensation expense
$
2.4

 
$
1.0

Income tax benefit (expense) from stock based compensation:
 
 
 
Restricted share awards and other
$
0.7

 
$
0.4

Stock options
0.8

 
0.1

Total income tax benefit (expense) from stock based compensation
$
1.5

 
$
0.5

Excess tax benefit from stock based compensation:
 
 
 
Vested restricted shares and other (1)
$
0.1

 
$

Stock options exercised (1)
0.8

 
0.1

Total excess tax benefit from stock based compensation (1)
$
0.9

 
$
0.1

(1)
Excess tax benefits, which represent cash flows from tax deductions in excess of the tax effect of compensation expense recognized for stock options exercised and vested restricted shares, are classified as financing cash flows in the Company’s condensed unaudited consolidated statements of cash flows.