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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
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, 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  
   

Options outstanding at January 1, 2012

    3,948,874   $ 28.91     2.4        

Granted

    756,000     18.55              

Exercised

    (568,293 )   18.89              

Forfeited

    (717,158 )   35.38              
                       

Options outstanding at December 31, 2012

    3,419,423   $ 26.92     2.9   $ 42,992  

Available for future grant

    3,016,108                    
                         

Total shares reserved at December 31, 2012

    6,435,531                    
                         

Options exercisable at December 31, 2012

    1,967,786   $ 33.10     1.6   $ 16,939  
   

Options outstanding at January 1, 2013

    3,419,423   $ 26.92     2.9        

Granted

                     

Exercised

    (863,933 )   24.55              

Forfeited

    (229,289 )   34.88              
                       

Options outstanding at December 31, 2013

    2,326,201   $ 27.02     2.3   $ 44,123  

Available for future grant

    3,303,855                    
                         

Total shares reserved at December 31, 2013

    5,630,056                    
                         

Options exercisable at December 31, 2013

    1,650,893   $ 30.74     1.6   $ 26,908  
   
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 $18.05

    678,133     1.8   $ 16.02     454,803   $ 15.75  

$18.22 to $23.27

    1,053,994     3.5     20.36     615,349     21.89  

$30.60 to $72.13

    594,074     1.0     51.39     580,741     51.87  
   
Summary of weighted-average inputs used and grant date fair values determined for stock options granted

 

 

    2013     2012     2011  
   

Expected volatility

    %   49.3 %   51.0 %

Expected dividend yield

    %   0.7 %   0.7 %

Expected term (in years)

        4.5     3.5  

Risk-free rate

    %   0.8 %   1.4 %

Weighted-average grant-date fair value

  $   $ 7.21   $ 6.02  
   
Summary of the Company's nonvested options

 

 

  2013    2012    2011   

 

   


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

    1,451,637   $ 7.08     1,374,628   $ 7.00     1,142,130   $ 8.31  

Granted

            756,000     7.21     781,000     6.02  

Vested

    (697,667 )   7.35     (611,659 )   7.03     (498,507 )   8.37  

Forfeited

    (78,662 )   6.78     (67,332 )   7.47     (49,995 )   7.89  
               

Nonvested options outstanding at December 31

    675,308   $ 6.84     1,451,637   $ 7.08     1,374,628   $ 7.00  
   
Summary of activity that relates to the Company's restricted stock unit awards

 

 

    2013     2012     2011  
   

Restricted stock units at January 1

    774,217     657,825     727,317  

Shares awarded

    143,594     473,408     305,000  

Shares vested

    (354,369 )   (350,349 )   (314,492 )

Shares forfeited

    (24,336 )   (6,667 )   (60,000 )
       

Restricted stock units at December 31

    539,106     774,217     657,825