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Equity Incentive Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of stock options or units activity
 
Number of
Shares
 
Weighted
Average
Exercise
Price
 
Aggregate
Intrinsic Value
(in thousands)(1)
 
Number of
Shares
Exercisable
Outstanding at January 1, 2012
1,520,689

 
$
30.32

 
$
17,798

 
1,434,020

Granted
82,262

 
53.02

 

 

Exercised
(197,209
)
 
17.73

 
6,779

 

Cancelled/expired

 

 

 

Outstanding at March 31, 2012
1,405,742

 
$
33.41

 
$
20,317

 
1,257,883

__________________________________
(1)
The intrinsic value of a stock option is the amount by which the market value of the underlying stock at the end of the related period exceeds the exercise price of the option.
Summary of assumptions to estimate fair value of stock options
 
2012
Expected volatility
50.00
%
Risk-free interest rate
0.95
%
Dividend yield
0.57
%
Expected term (in years)
5.2

Summary of restricted stock units activity

 
RSUs
 
Weighted
Average
Grant Date
Fair Value
 
Vest Date Fair
Value
(in thousands)
Outstanding at January 1, 2012
915,022

 
$
23.88

 
 

Granted
143,601

 
52.08

 
 

Issued
(49,706
)
 
43.23

 
$
2,406

Canceled/expired
(4,490
)
 
25.13

 
 

Outstanding at March 31, 2012(1)(2)
1,004,427

 
$
26.74

 
 

__________________________________
(1)
The balance outstanding includes 43,554 RSUs granted to the non-employee Directors that are 100% vested at date of grant, but are subject to deferral elections delaying the date on which the corresponding shares are issued.
(2)
The balance outstanding includes 469,165 RSUs granted to executive officers and other officers that have vested in accordance with the RSU agreement, but are subject to deferral elections delaying the date on which the corresponding shares are issued.
Summary of performance share awards activity
 
Performance
Share Awards (1)
 
Weighted
Average
Grant Date
Fair Value
 
Vest Date Fair
Value
(in thousands)
Outstanding at January 1, 2012
162,849

 
$
39.00

 
 

Granted
59,738

 
63.69

 
 

Issued

 

 
$

Canceled/expired

 

 
 

Outstanding at March 31, 2012
222,587

 
$
45.79

 
 

Summary of assumptions used in valuing market-based restricted shares

 
2012
Number of simulations
100,000

Expected volatility
50
%
Risk-free interest rate
0.42
%