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Stock compensation (Tables)
6 Months Ended
Jun. 30, 2013
Stock compensation  
Schedule of valuation assumptions used for valuation of fair value of stock compensation granted

 

 

 

 

Employee Stock Options

 

Employee Stock Purchase Plan

 

 

 

For the
Three
Months
Ended

 

For the
Six
Months
Ended

 

For the
Three
Months
Ended

 

For the
Six
Months
Ended

 

 

 

June 30,

 

June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

2013

 

2012

 

2013

 

2012

 

Average risk-free interest rates

 

0.72

%

0.60

%

0.57

%

0.49

%

0.36

%

0.33

%

0.26

%

0.29

%

Average expected life (in years)

 

4.71

 

4.36

 

4.25

 

3.86

 

0.50

 

0.50

 

0.50

 

0.50

 

Volatility

 

47

%

52

%

47

%

58

%

45

%

45

%

43

%

49

%

Weighted-average fair value (in dollars)

 

8.91

 

8.82

 

7.10

 

7.82

 

3.11

 

3.11

 

3.33

 

3.47

 

 

Schedule of activity summarized under all stock option plans

 

 

 

 

Shares
Available for
Grant

 

Number
Outstanding

 

Weighted
Average
Exercise
Price per
Share

 

Balance at December 31, 2012

 

5,406,277

 

21,816,611

 

$

12.05

 

Additional authorized

 

5,200,000

 

 

 

Options granted

 

(4,973,500

)

4,973,500

 

18.65

 

Options exercised

 

 

(2,833,583

)

8.70

 

Options cancelled

 

257,756

 

(258,040

)

17.25

 

Balance at June 30, 2013

 

5,890,533

 

23,698,488

 

$

13.78

 

Exercisable, June 30, 2013

 

 

14,837,911

 

$

11.25