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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2012
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block] The Company recognized the following amounts of stock-based compensation expense by award type in the periods indicated (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 


 


 

Award type:

 

2012

 

2011

 

2012

 

2011

 


 


 


 


 


 

Stock appreciation rights (SARs)

 

$

2.4

 

$

1.0

 

$

5.0

 

$

3.4

 

Common stock equivalents (CSEs)

 

 

0.1

 

 

0.1

 

 

0.4

 

 

0.4

 

Restricted stock units (RSUs)

 

 

6.7

 

 

6.7

 

 

22.6

 

 

21.0

 

 

 



 



 



 



 

Total expense (1)

 

$

9.2

 

$

7.8

 

$

28.0

 

$

24.8

 

 

 



 



 



 



 

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] Stock-based compensation expense was recognized in the Condensed Consolidated Statements of Operations as follows (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 


 


 

Amount recorded in:

 

2012

 

2011

 

2012

 

2011

 


 


 


 


 


 

Cost of services and product development

 

$

3.5

 

$

3.3

 

$

12.0

 

$

11.3

 

Selling, general and administrative

 

 

5.7

 

 

4.5

 

 

16.0

 

 

13.5

 

 

 



 



 



 



 

Total expense (1)

 

$

9.2

 

$

7.8

 

$

28.0

 

$

24.8

 

 

 



 



 



 



 

Schedule of Share-based Compensation, Stock Appreciation Rights Award Activity [Table Text Block] The fair value of the SARs was estimated on the date of grant using the Black-Scholes-Merton valuation model with the following weighted-average assumptions:

 

 

 

 

 

 

 

 

 

 

Nine Months Ended
September 30,
(1)

 

 

 


 

 

 

2012

 

2011

 

 

 


 


 

Expected dividend yield (2)

 

 

0

%

 

0

%

Expected stock price volatility (3)

 

 

40

%

 

38

%

Risk-free interest rate (4)

 

 

0.8

%

 

2.2

%

Expected life in years (5)

 

 

4.6

 

 

4.8

 

 

 



 



 

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] The following table summarizes the changes in stock options outstanding during the nine months ended September 30, 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options in
millions

 

Per Share
Weighted-
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Term

 

Aggregate
Intrinsic
Value
(in millions)

 

 

 


 


 


 


 

Vested and outstanding at December 31, 2011

 

 

1.2

 

$

10.93

 

 

1.47 years

 

$

27.7

 

Exercised (1)

 

 

(0.8

)

 

10.80

 

 

n/a

 

 

n/a

 

 

 



 

 

 

 

 

 

 

 

 

 

Vested and outstanding at September 30, 2012

 

 

0.4

 

$

11.13

 

 

1.30 years

 

$

15.6

 

 

 



 



 



 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

n/a=not applicable

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock Appreciation Rights (SARs) [Member]
 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] The following table summarizes changes in SARs outstanding during the nine months ended September 30, 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SARs
(in millions)

 

Per Share
Weighted-
Average
Exercise Price

 

Per Share
Weighted-
Average
Grant Date
Fair Value

 

Weighted
Average
Remaining
Contractual
Term

 

 

 


 


 


 


 

Outstanding at December 31, 2011

 

 

2.5

 

$

20.39

 

$

7.66

 

 

4.00 years

 

Granted

 

 

0.4

 

 

37.81

 

 

12.99

 

 

6.36 years

 

Forfeited

 

 

 

 

 

 

 

 

n/a

 

Exercised

 

 

(0.8

)

 

18.60

 

 

6.86

 

 

n/a

 

 

 



 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2012 (1), (2)

 

 

2.1

 

$

24.27

 

$

8.94

 

 

4.23 years

 

 

 



 



 



 



 

Vested and exercisable at September 30, 2012 (2)

 

 

0.9

 

$

18.50

 

$

7.08

 

 

3.17 years

 

 

 



 



 



 



 

Restricted Stock Units (RSUs) [Member]
 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] The following table summarizes the changes in RSUs outstanding during the nine months ended September 30, 2012:

 

 

 

 

 

 

 

 

 

 

Restricted
Stock Units
(RSUs)
(in millions)

 

Per Share
Weighted
Average
Grant Date
Fair Value

 

 

 


 


 

Outstanding at December 31, 2011

 

 

3.1

 

$

21.53

 

Granted (1)

 

 

0.7

 

 

37.97

 

Vested and released

 

 

(1.3

)

 

19.51

 

Forfeited

 

 

 

 

 

 

 



 

 

 

 

Outstanding at September 30, 2012 (2), (3)

 

 

2.5

 

$

27.93

 

 

 



 



 

Common Stock Equivalents [Member]
 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] The following table summarizes the changes in CSEs outstanding during the nine months ended September 30, 2012:

 

 

 

 

 

 

 

 

 

 

Common
Stock
Equivalents
(CSEs)

 

Per Share
Weighted
Average
Grant Date
Fair Value

 

 

 


 


 

Outstanding at December 31, 2011

 

 

97,268

 

$

15.93

 

Granted

 

 

8,631

 

 

44.63

 

Converted to common shares

 

 

(6,173

)

 

44.60

 

 

 



 

 

 

 

Outstanding at September 30, 2012

 

 

99,726

 

$

16.64