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SHARE CAPITAL (Tables)
12 Months Ended
Dec. 31, 2011
Ordinary Shares Disclosure [Table Text Block]

 

 

 

 

 

 

 

 

Year Ended December 31

 

 

 

 

 

 

 

(in thousands)

 

2011

 

2010

 

 

 


 


 

Balance – beginning of year

 

 

316,396

 

 

342,119

 

Exercise of options

 

 

72

 

 

91

 

Net issuance of restricted shares

 

 

413

 

 

139

 

Share buybacks (1)

 

 

(31,692

)

 

(25,953

)

Issue of shares

 

 

30,457

 

 

 

 

 



 



 

Balance – end of year

 

 

315,646

 

 

316,396

 

 

 



 



 

Fair Value Of Each Option Grant Disclosure [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

2011

 

2010

 

2009

 

 

 


 


 


 

Dividend yield

 

 

1.90

%

 

3.25

%

 

3.25

%

Risk free interest rate

 

 

2.60

%

 

2.67

%

 

2.38

%

Volatility

 

 

50.03

%

 

71.09

%

 

94.27

%

Expected lives

 

 

6.0 years

 

 

6.0 years

 

 

6.0 years

 

Schedule Of Stock Option Plan [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31

 

 

 

 

 

 

 

 

 

 

(in thousands except for weighted average fair value)

 

2011

 

2010

 

2009

 

 

 


 


 


 

Options granted to purchase ordinary shares under directors and employees incentive compensation plans

 

 

974

 

 

1,023

 

 

1,269

 

Weighted average grant date fair value

 

$

9.81

 

$

9.17

 

$

2.85

 

Total intrinsic value of stock options exercised

 

$

301

 

$

667

 

$

 

Options exercised during the year

 

 

72

 

 

91

 

 

 

Compensation expense related to stock option plans

 

$

11,848

 

$

12,766

 

$

13,659

 

Estimated tax benefit related to stock option plans

 

$

722

 

$

2,347

 

$

3,377

 

Stock Options And Related Activity Disclosure [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2011
(in thousands except for option price and term)

 

Number of
Shares

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Term

 

Aggregate
Intrinsic
Value
(000s)

 

 

 


 


 


 


 

Outstanding – beginning of year

 

 

13,794

 

$

50.71

 

 

5.1 years

 

$

30,362

 

Granted

 

 

974

 

 

23.34

 

 

 

 

 

 

 

Exercised

 

 

(72

)

 

18.52

 

 

 

 

 

 

 

Canceled/Expired

 

 

(1,699

)

 

70.11

 

 

 

 

 

 

 

 

 



 



 



 



 

Outstanding – end of year

 

 

12,997

 

$

46.30

 

 

4.9 years

 

$

20,585

 

 

 



 



 



 



 

Options exercisable

 

 

10,933

 

$

51.54

 

 

4.2 years

 

$

14,801

 

 

 



 



 



 



 

Options available for grant (1)

 

 

22,142

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

Schedule of Restricted Stock Awards [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31

 

 

 

 

 

 

 

 

 

 

(in thousands except for weighted average fair value)

 

2011

 

2010

 

2009

 

 

 


 


 


 

Restricted ordinary shares granted

 

 

49

 

 

63

 

 

147

 

Weighted average grant date fair value

 

$

23.33

 

$

17.26

 

$

11.24

 

Aggregate grant date fair value

 

$

1,140

 

$

1,080

 

$

1,651

 

Compensation expense related to restricted stock awards

 

$

7,101

 

$

18,420

 

$

32,231

 

Estimated tax benefit related to restricted stock awards

 

$

1,546

 

$

4,645

 

$

7,724

 

Non Vested Restricted Stock Awards Disclosure [Table Text Block]

 

 

 

 

 

 

 

 

(in thousands except for weighted average fair value)

 

Number of
Shares

 

Weighted-
Average Grant
Date Fair Value

 

 

 


 


 

Unvested at December 31, 2010

 

 

549

 

$

42.86

 

Granted

 

 

49

 

$

23.33

 

Vested

 

 

(208

)

$

38.27

 

Forfeited

 

 

 

$

 

 

 



 

 

 

 

Unvested at December 31, 2011

 

 

390

 

$

42.86

 

 

 



 

 

 

 

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

2011

 

2010

 

2009 (1)

 

 

 


 


 


 

Restricted stock units granted

 

 

1,318

 

 

1,392

 

 

 

Aggregate grant date fair value

 

$

30,027

 

$

25,887

 

$

 

Compensation expense related to restricted stock units

 

$

15,033

 

$

5,862

 

$

 

Estimated tax benefit related to restricted stock units

 

$

3,998

 

$

1,557

 

$

 

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

 

 

 

 

 

 

 

 

(in thousands except for weighted average fair value)

 

Number of
Shares

 

Weighted-
Average Grant
Date Fair Value

 

 

 


 


 

Unvested at December 31, 2010

 

 

1,317

 

$

18.61

 

Granted

 

 

1,318

 

$

22.78

 

Vested

 

 

(447

)

$

18.80

 

Forfeited

 

 

(125

)

$

20.28

 

 

 



 

 

 

 

Unvested at December 31, 2011

 

 

2,063

 

$

21.13

 

 

 



 

 

 

 

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31

 

 

 

 

 

 

 

 

 

 

(in thousands except for number of shares and weighted average fair value)

 

2011

 

2010 (1)

 

2009

 

 

 


 


 


 

Performance units granted

 

 

1,289

 

 

1,579

 

 

 

Potential maximum share payout

 

 

2,578

 

 

3,158

 

 

 

Aggregate grant date fair value

 

$

28,544

 

$

27,160

 

$

 

Compensation expense related to performance units

 

$

7,242

 

$

7,009

 

$

 

Estimated tax benefit related to performance units

 

$

1,419

 

$

1,470

 

$

 

Schedule of Nonvested Performance-based Units Activity [Table Text Block]

 

 

 

 

 

 

 

 

(in thousands except for weighted average fair value)

 

Number of
Shares

 

Weighted-
Average Grant
Date Fair Value

 

 

 


 


 

Unvested at December 31, 2010

 

 

1,517

 

$

17.20

 

Granted

 

 

1,289

 

$

22.14

 

Forfeited

 

 

(213

)

$

19.43

 

Performance driven reduction

 

 

(858

)

$

18.37

 

 

 



 

 

 

 

Unvested at December 31, 2011

 

 

1,735

 

$

19.47