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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Options outstanding and exercisable under the Company's 1991 Equity and Performance Incentive Plan
Options outstanding and exercisable as of June 30, 2012 under the Company’s 1991 Equity and Performance Incentive Plan (as Amended and Restated as of April 13, 2009) and changes during the six months ended June 30, 2012, were as follows:
 
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value (1)
 
 
(in thousands)
 
(per share)
 
(in years)
 
 
Outstanding at January 1, 2012
 
3,201

 
$
36.70

 
 
 
 
Expired or forfeited
 
(447
)
 
$
37.24

 
 
 
 
Exercised
 
(532
)
 
$
30.05

 
 
 
 
Granted
 
570

 
$
34.98

 
 
 
 
Outstanding at June 30, 2012
 
2,792

 
$
37.53

 
6
 
$
9,293

Options exercisable at June 30, 2012
 
1,669

 
$
40.83

 
4
 
$
4,470

Options vested and expected to vest (2) at June 30, 2012
 
2,761

 
$
37.59

 
6
 
$
9,152

(1)
The aggregate intrinsic value (the difference between the closing price of the Company’s common shares on the last trading day of the second quarter of 2012 and the exercise price, multiplied by the number of “in-the-money” options) that would have been received by the option holders had all option holders exercised their options on June 30, 2012. The amount of aggregate intrinsic value will change based on the fair market value of the Company’s common shares.
(2)
The options expected to vest are the result of applying the pre-vesting forfeiture rate assumption to total outstanding non-vested options.
Summarized information on unvested restricted stock units (RSUs), performance shares and deferred shares
The following table summarizes information on non-vested RSUs, performance shares and deferred shares for the six months ended June 30, 2012:
 
 
Number of
Shares
 
Weighted-Average
Grant-Date Fair
Value
 
 
(in thousands)
 
 
RSUs:
 
 
 
 
Non-Vested at January 1, 2012
 
717

 
$
30.69

Forfeited
 
(44
)
 
$
30.43

Vested
 
(127
)
 
$
24.84

Granted
 
235

 
$
35.31

Non-Vested at June 30, 2012
 
781

 
$
33.05

Performance Shares (1):
 
 
 
 
Non-Vested at January 1, 2012
 
727

 
$
34.70

Forfeited
 
(216
)
 
$
31.01

Vested
 
(86
)
 
$
29.25

Granted
 
301

 
$
44.25

Non-Vested at June 30, 2012
 
726

 
$
40.40

Director Deferred Shares:
 
 
 
 
Non-Vested at January 1, 2012
 
19

 
$
33.98

Vested
 
(19
)
 
$
33.98

Granted
 
28

 
$
40.54

Non-Vested at June 30, 2012
 
28

 
$
40.54

Vested at June 30, 2012
 
115

 
$
33.90

Outstanding at June 30, 2012
 
143

 
$
35.22

(1)
Non-vested performance shares are based on a maximum potential payout. Actual shares granted at the end of the performance period may be less than the maximum potential payout level depending on achievement of performance share objectives.