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Stock-Based Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2012
Stock-Based Compensation Plans [Abstract]  
Restricted Shares Granted

 

 

 

 

 

 

 

 

 

 

 

 

Date of Grant

 

 

Shares

 

 

 

Grant Date Fair Value Per Share

 

 

 

Vesting Period

 

 

 

 

 

 

 

 

 

 

 

 

January 3, 2012................

 

 

272,153

 

 

$

15.80

 

 

 

33% per year over three years

January 3, 2012 (1)............

 

 

132,910

 

 

 

23.68

 

 

 

100% on January 1, 2015

January 3, 2012................

 

 

1,958

 

 

 

15.80

 

 

 

100% on January 1, 2014

April 1, 2012....................

 

 

1,879

 

 

 

17.80

 

 

 

100% on January 1, 2014

 

Reflects the grant of PSUs to certain of our executive officers.  The estimated fair value of the PSUs on grant date was determined using a Monte Carlo simulation model.  The PSUs provide for an award based on the performance of our common stock over a three-year period with the maximum award being 200% of the original awarded PSUs and the minimum amount being zero.  The vested PSUs will be settled in an equivalent number of shares of our common stock unless the Compensation Committee of our Board of Directors elects to pay in cash.  See Note 12 of 2011 Form 10-K.