STOCK-BASED COMPENSATION

9 Months Ended

Sep. 30, 2012

STOCK-BASED COMPENSATION

NOTE 6 – STOCK-BASED COMPENSATION

Equity instruments are measured at fair value on the grant date. Stock-based compensation expense is generally recognized on a straight-line basis over the requisite service periods of the awards. We use a Black-Scholes model to determine the fair value of certain share-based awards, such as stock options. Additionally, we use a Monte Carlo model to determine the fair value of certain share-based awards that contain market and performance-based conditions. The use of these models requires highly subjective assumptions, such as assumptions about the expected life of the award, vesting probability, expected dividend yield and the volatility of our stock price.

Total stock-based compensation expense recognized for the three months and nine months ended September 30, 2012 and 2011 is as follows:

	Three Months  Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
	(Unaudited) (In thousands)
Stock Options	$	982	$	1,015	$	2,999	$	2,885
Restricted Stock and Restricted Stock Units		1,446		2,154		5,164		10,305
Performance Shares and Deferred Stock Units		1,211		962		3,286		1,465
Total	$	3,639	$	4,131	$	11,449	$	14,655