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Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2011
Compensation Plans  
Summary of the option activity

 

 

 
  Shares
Under
Options
  Weighted
Average
Exercise
Price
  Weighted
Average
Remaining
Contractual
Term (Years)
  Aggregate
Intrinsic
Value
 

Outstanding as of December 31, 2010

    7,126   $ 27.69     6.7   $ 66,073  

Granted

    710     36.96              

Exercised

    (1,157 )   26.61              

Forfeited

    (155 )   33.32              
                         

Outstanding as of December 31, 2011

    6,524     28.76     6.1     84,169  
                         

Exercisable as of December 31, 2011

    3,239     28.60     4.7     42,309  
                         
Summary additional information concerning outstanding and exercisable stock options

 

 

 
   
   
   
  Currently Exercisable  
 
   
   
  Weighted
Average
Remaining
Contractual
Term (Years)
 
Range of Exercise Price
  Shares Under
Options
  Weighted
Average
Exercise
Price
  Shares Under
Options
  Weighted
Average
Exercise
Price
 

$23.34 - $25.52

    2,327   $ 23.81     6.1     1,032   $ 24.41  

27.11 - 28.35

    1,960     27.74     5.3     1,245     27.39  

31.95 - 39.72

    2,237     34.80     6.7     962     34.66  
                             

 

    6,524     28.76     6.1     3,239     28.60  
                             
Summary of additional information concerning unvested stock options

 

 

 
  Shares
Under
Options
  Weighted
Average
Grant Date
Fair Value
 

Unvested at December 31, 2010

    3,889   $ 3.24  

Granted

    710     5.97  

Vested

    (1,159 )   3.10  

Forfeited

    (155 )   5.54  
             

Unvested at December 31, 2011

    3,285     3.77  
             
Assumptions used for estimating fair value of stock options using Black-Scholes option valuation model

 

 

 
  2011   2010   2009  

Risk-free rate

    2.58 %   2.77 %   2.27 %

Expected life (in years)

    6.5     6.3     6.5  

Expected volatility

    31.8 %   35.0 %   26.0 %

Expected dividend yield

    6.1 %   6.2 %   7.3 %
Summary of additional information concerning restricted stock and restricted stock units

 

 

 
  Restricted
Stock
Units
  Weighted
Average
Grant Date
Fair Value
  Restricted
Shares
  Weighted
Average
Grant Date
Fair Value
 

Unvested at December 31, 2010

    1,026   $ 29.71     536   $ 28.08  

Granted

    764     37.22         N/A  

Vested

    (228 )   29.46     (162 )   28.91  

Forfeited

    (84 )   34.51     (35 )   27.61  
                       

Unvested at December 31, 2011

    1,478     32.59     339     27.75