XML 33 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The following table sets out the weighted average assumptions used to estimate the fair value of the options and SSARs granted using the Black-Scholes option-pricing model in the first six months of the respective years noted: 
 
2014
 
2013
Expected stock price volatility
57.5%
 
69.2%
Expected dividend yield
—%
 
—%
Risk-free interest rate
1.5%
 
0.9%
Expected life of options (in years)
5 years
 
5 years
Weighted average fair value of options and SSARs granted
$9.03
 
$11.68
Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity
The following table summarizes stock options and SSARs outstanding as of June 30, 2014, as well as activity during the six month period then ended.
Share amounts in thousands
Options and
SSARs
 
Weighted Average
Exercise Price
 
Weighted
Average
Contractual Term
(in years)
 
Aggregate
Intrinsic Value
(in millions)
Options outstanding at January 1, 2014
6,937

 
$
14.26

 
 
 
 
Options granted
494

 
18.09

 
 
 
 
Options exercised
(3
)
 
15.27

 
 
 
 
Options canceled
(375
)
 
21.05

 
 
 
 
Options outstanding at June 30, 2014
7,053

 
$
14.17

 
5.0

 
$
26.2

Vested and expected to vest at June 30, 2014(1)
6,701

 

 

 
$
24.8

Options exercisable at June 30, 2014
6,051

 
$
13.91

 

 
$
24.2

Schedule of Share-based Compensation, Restricted Stock Units Award Activity
The following table summarizes incentive share awards outstanding as of June 30, 2014 as well as activity during the six months then ended.
 
Shares
 
Weighted
Average
Contractual Term
(in years)
 
Aggregate
Intrinsic Value
(in millions)
Incentive share awards outstanding at January 1, 2014
752,595

 
 
 
 
Incentive share awards granted
146,095

 
 
 
 
Incentive share awards vested
(287,912
)
 
 
 
 
Incentive share awards canceled
(13,456
)
 
 
 
 
Incentive shares outstanding at June 30, 2014
597,322

 
1.3

 
$
9.0

Vested and expected to vest at June 30, 2014(1)
567,456

 

 
$
8.5

Restricted Stock Activity [Table Text Block]
The following table summarizes the restricted stock outstanding as of June 30, 2014 as well as activity during the six months then ended.
 
Number of Shares
 
Weighted Average
Grant Date
Fair Value
Restricted stock awards outstanding at January 1, 2014
512,085

 
$
11.48

Restricted stock awards granted
122,649

 
17.93

Restrictions lapsed
(160,567
)
 
9.64

Restricted stock canceled
(11,021
)
 
12.35

Restricted stock awards at June 30, 2014
463,146

 
$
13.80