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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2011
Stock-Based Compensation  
Summary of stock option activity

 

 

 

   



SHARES
   
WEIGHTED-
AVERAGE
EXERCISE
PRICE
    WEIGHTED-
AVERAGE
REMAINING
CONTRACTUAL
LIFE
(in years)
   
AGGREGATE
INTRINSIC
VALUE
(in thousands)
 
   

Options outstanding at January 1, 2009

    3,654,901   $ 37.97     3.8        

Granted

    482,000     14.22              

Exercised

    (192,630 )   6.09              

Forfeited

    (250,574 )   39.56              
                       

Options outstanding at December 31, 2009

    3,693,697   $ 36.43     3.1   $ 5,277  

Available for future grant

    1,942,037                    
                         

Total shares reserved at December 31, 2009

    5,635,734                    
                         

Options exercisable at December 31, 2009

    2,810,299   $ 39.92     3.0   $ 2,882  
   

Options outstanding at January 1, 2010

    3,693,697   $ 36.43     3.1        

Granted

    846,000     23.30              

Exercised

    (200,758 )   8.62              

Forfeited

    (616,283 )   46.46              
                       

Options outstanding at December 31, 2010

    3,722,656   $ 33.29     2.8   $ 1,315  

Available for future grant

    1,477,072                    
                         

Total shares reserved at December 31, 2010

    5,199,728                    
                         

Options exercisable at December 31, 2010

    2,580,526   $ 38.23     2.3   $ 588  
   

Options outstanding at January 1, 2011

    3,722,656   $ 33.29     2.8        

Granted

    781,000     16.52              

Exercised

    (44,398 )   11.97              

Forfeited

    (510,384 )   43.36              
                       

Options outstanding at December 31, 2011

    3,948,874   $ 28.91     2.4   $ 553  

Available for future grant

    3,346,508                    
                         

Total shares reserved at December 31, 2011

    7,295,382                    
                         

Options exercisable at December 31, 2011

    2,574,246   $ 34.35     1.7   $ 369  
   
Summary of stock options outstanding and exercisable

 

 

 

  OPTIONS OUTSTANDING    OPTIONS EXERCISABLE   


RANGE OF
EXERCISE
PRICES

   

NUMBER
OUTSTANDING
    WEIGHTED-
AVERAGE
REMAINING
LIFE
(in years)
    WEIGHTED-
AVERAGE
EXERCISE
PRICE
    NUMBER
EXERCISABLE
    WEIGHTED-
AVERAGE
EXERCISE
PRICE
 
   

$14.13 to $16.68

    1,203,000     3.4   $ 15.86     311,345   $ 14.83  

$20.99 to $37.37

    1,609,638     2.0     25.14     1,126,665     25.93  

$40.00 to $72.13

    1,136,236     1.9     48.06     1,136,236     48.06  
   
Summary of weighted-average inputs used and fair values determined for stock options granted

 

 

 

    2011     2010     2009  
   

Expected volatility

    51.0 %   53.6 %   49.0 %

Expected dividend yield

    0.7 %   0.5 %   0.9 %

Expected term (in years)

    3.5     3.5     3.5  

Risk-free rate

    1.4 %   1.6 %   1.7 %

Weighted-average grant-date fair value

  $ 6.02   $ 9.05   $ 5.01  
   
Summary of the Company's nonvested options

:

 

  2011    2010    2009   

 

   


SHARES
    WEIGHTED-
AVERAGE
GRANT-DATE
FAIR VALUE
   


SHARES
    WEIGHTED-
AVERAGE
GRANT-DATE
FAIR VALUE
   


SHARES
    WEIGHTED-
AVERAGE
GRANT-DATE
FAIR VALUE
 
   

Nonvested options outstanding at January 1

    1,142,130   $ 8.31     883,398   $ 8.23     935,327   $ 12.19  

Granted

    781,000     6.02     846,000     9.05     482,000     5.01  

Vested

    (498,507 )   8.37     (425,107 )   9.44     (410,180 )   13.10  

Forfeited

    (49,995 )   7.89     (162,161 )   8.79     (123,749 )   9.50  
       

Nonvested options outstanding at December 31

    1,374,628   $ 7.00     1,142,130   $ 8.31     883,398   $ 8.23  
   
Summary of activity relating to restricted stock unit awards

 

 

 

    2011     2010     2009  
   

Restricted stock units at January 1

    727,317     609,812     480,002  

Shares awarded

    305,000     404,000     416,482  

Shares vested

    (314,492 )   (235,496 )   (206,672 )

Shares forfeited

    (60,000 )   (50,999 )   (80,000 )
       

Restricted stock units at December 31

    657,825     727,317     609,812