XML 44 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
Equity Incentive Compensation Plans and Other Benefit Plans (Tables)
 12 Months Ended
Dec. 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)
 
Weighted
Average
Remaining
Contractual
Term (Years)
Outstanding at January 1, 2010
2,276,020

 
$
25.36

 
 
 
 
Granted
—

 
—

 
 

 
 
Exercised
(227,100
)
 
19.40

 
$
3,570

 
 
Canceled/expired
(31,695
)
 
35.51

 
 

 
 
Outstanding at December 31, 2010
2,017,225

 
25.87

 
 
 
 
Granted
89,865

 
48.50

 
 

 
 
Exercised
(579,636
)
 
17.47

 
$
17,746

 
 
Canceled/expired
(6,765
)
 
45.92

 
 

 
 
Outstanding at December 31, 2011
1,520,689

 
30.32

 
 
 
 
Granted
82,262

 
53.02

 
 

 
 
Exercised
(215,359
)
 
17.12

 
$
7,194

 
 
Canceled/expired
—

 
—

 
 

 
 
Outstanding at December 31, 2012
1,387,592

 
$
33.71

 
$
4,681

 
4.08
Vested and expected to vest at December 31, 2012
1,383,702

 
$
33.66

 
$
4,681

 
4.07
Exercisable at December 31, 2012
1,239,733

 
$
31.65

 
$
4,681

 
3.53
_______________________________________
(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
2011
Expected volatility
50.00
%
45.00
%
Risk-free rate
0.95
%
2.54
%
Dividend yield
0.57
%
0.62
%
Expected term (in years)
5.2

6.0
Schedule of Range of Exercise Prices
 
 
Stock Options Outstanding
 
Stock Options Exercisable
Range of Exercise Prices
 
Number of
Options
 
Weighted
Average
Remaining
Contractual
Term (Years)
 
Weighted
Average
Exercise
Price
 
Number
of Options
 
Weighted
Average
Remaining
Contractual
Term (Years)
 
Weighted
Average
Exercise
Price
$9.61-$9.97
 
43,850

 
0.93
 
$
9.89

 
43,850

 
0.93
 
$
9.89

$21.58-$21.77
 
253,000

 
1.90
 
21.60

 
253,000

 
1.90
 
21.60

$30.65-$32.57
 
639,500

 
3.51
 
31.70

 
639,500

 
3.51
 
31.70

$38.00-$53.02
 
451,242

 
6.43
 
45.66

 
303,383

 
5.31
 
43.05

 
 
1,387,592

 
4.08
 
$
33.71

 
1,239,733

 
3.53
 
$
31.65
Summary of restricted stock units activity
 
RSUs
 
Weighted Average
Intrinsic Value at
Grant Date
 
Vest Date Fair
Value
(in thousands)
Outstanding at January 1, 2010
1,107,293

 
$
22.14

 
 

Granted
34,529

 
30.94

 
 

Issued
(246,633
)
 
28.98

 
$
7,813

Canceled/expired
(37,829
)
 
22.20

 
 

Outstanding at December 31, 2010(1)(2)
857,360

 
$
19.67

 
 

Granted
159,333

 
47.98

 
 

Issued
(62,127
)
 
26.18

 
$
2,588

Canceled/expired
(39,544
)
 
25.12

 
 

Outstanding at December 31, 2011(1)(2)
915,022

 
$
23.88

 
 

Granted
164,112

 
50.60

 
 

Issued
(79,068
)
 
33.10

 
$
3,401

Canceled/expired
(18,189
)
 
41.50

 
 

Outstanding at December 31, 2012(1)(2)
981,877

 
$
26.72

 
 

__________________________________
(1)
The balance outstanding includes RSUs granted to non-employee directors that are 100% vested at the date of grant but are subject to deferral elections delaying the date on which the corresponding shares of Common Stock are issued. For the years ended December 31, 2012, 2011 and 2010, 43,554, 30,544 and 10,522 RSUs have vested, but the corresponding shares of Common Stock have not been issued.
(2)
The balance outstanding includes RSUs granted to executive officers and other officers that have vested in accordance with the RSU agreement, but are subject to a deferral election before the corresponding shares of Common Stock are issued. For the years ended December 31, 2012, 2011 and 2010, 614,996, 483,908 and 289,335 RSUs have vested, but the corresponding shares of Common Stock have not been issued.
Summary of performance share awards activity
 
Performance Share Awards
 
Weighted Average
Grant Date
Fair Value
 
Vest Date Fair
Value
(in thousands)
Outstanding on January 1, 2010
—

 
$
—

 
 

Granted
103,794

 
31.20

 
 

Issued
—

 
—

 
$
—

Canceled/expired
—

 
—

 
 

Outstanding at December 31, 2010
103,794

 
$
31.20

 
 

Granted
65,620

 
51.86

 
 

Issued
—

 
—

 
$
—

Canceled/expired
(6,565
)
 
44.20

 
 

Outstanding at December 31, 2011
162,849

 
$
39.00

 
 

Granted
59,738

 
63.69

 
 

Issued
—

 
—

 
$
—

Canceled/expired
—

 
—

 
 

Outstanding at December 31, 2012
222,587

 
$
45.79

 
 
Summary of assumptions used in valuing market-based restricted shares
 
2012
 
2011
Number of simulations
100,000

 
100,000

Expected volatility
50
%
 
44
%
Risk-free rate
0.42
%
 
1.15
%