13. STOCK-BASED COMPENSATION PLANS

Pursuant to our Amended and Restated Incentive Compensation Plan (the "Incentive Plan"), the number of shares reserved for granting of restricted stock, restricted stock units, stock options, and performance awards to team members, officers, directors, and contractors at any time prior to April 6, 2019 is 1.5 million shares. The shares available for future grants under the Incentive Plan totaled 342,560 as of December 31, 2011.

A summary of the restricted stock activity under the Incentive Plan for the years ended December 31, 2011, 2010, and 2009 is presented below:

(In thousands, except per share data)
Restricted Stock	Number of Shares			Weighted Average Grant-Date Fair Value Per Share
Outstanding as of January 1, 2009		245		$	21.65
Granted		122			17.82
Vested		(106	)		20.17
Forfeited		(19	)		17.78
Outstanding as of December 31, 2009		242		$	20.23
Granted		19			40.36
Vested		(143	)		21.79
Forfeited		(6	)		27.59
Outstanding as of December 31, 2010		112		$	21.09
Granted		9			70.40
Vested		(63	)		19.52
Forfeited		(10	)		25.88
Outstanding as of December 31, 2011		48		$	31.26

The shares of restricted stock are part of the annual incentive compensation program and are granted annually based on attaining certain individual and company performance criteria. The grant-date fair value per share is estimated to equal the market price of our common stock on the date of grant. Based on the terms of individual restricted stock grants, time-based shares vest over a period of three to five years, based on continuous employment.

A summary of the restricted stock unit activity under the Incentive Plan for the years ended December 31, 2011, 2010, and 2009 is presented below:

(In thousands, except per share data)	Nonvested					Vested				Total
Restricted Stock Units	Number of Restricted Stock Units			Weighted Average Grant-Date Fair Value Per Share		Number of Restricted Stock Units		Weighted Average Grant-Date Fair Value Per Share		Number of Restricted Stock Units
Outstanding as of January 1, 2009		640		$	18.99		60	$	26.30		700
Granted		101			23.89		-		-		101		(1	)
Vested		(60	)		26.30		60		26.30		-		(2	)
Forfeited		(33	)		13.51		-		-		(33	)
Outstanding as of December 31, 2009		648		$	19.35		120	$	26.30		768
Granted		33			39.89		-		-		33		(3	)
Vested		(150	)		20.24		150		20.24		-		(4	)
Forfeited		(10	)		39.89		-		-		(10	)
Outstanding as of December 31, 2010		521		$	19.99		270	$	22.94		791
Granted		37			63.73		-		-		37		(5	)
Vested		(158	)		20.99		158		20.99		-		(6	)
Forfeited		(52	)		20.18		-		-		(52	)
Outstanding as of December 31, 2011		348		$	24.06		428	$	22.14		776

(1)	The distribution date of vested restricted stock units is February 22, 2016 for 81 restricted stock units and February 22, 2017 for 20 restricted stock units.

(2)	The distribution date of vested restricted stock units is February 22, 2014.

(3)	The distribution date of vested restricted stock units is February 22, 2017.

(4)	The distribution date of vested restricted stock units is February 22, 2014 for 60 restricted stock units and February 22, 2016 for 90 restricted stock units.

(5)	The distribution date of vested restricted stock units is February 22, 2018 for 5 restricted stock units and February 18, 2019 for 32 restricted stock units.

(6)	The distribution date of vested restricted stock units is February 22, 2014 for 60 restricted stock units and February 22, 2016 for 90 restricted stock units and February 22, 2017 for 8 restricted stock units.

The restricted stock units are part of a long-term incentive compensation program. Each restricted stock unit represents and has a value equal to one share of common stock. The grant-date fair value per share is estimated to equal the market price of our common stock on the date of grant. The restricted stock units will be earned over a five year period based upon the compounded annual growth rate in our adjusted economic profit, a non-GAAP financial measure.

Pursuant to our 1992 Stock Option Plan (the "1992 Plan"), we had reserved 8.0 million shares of our common stock for the future granting of options to officers and other team members. Pursuant to our Director Stock Option Plan (the "Director Plan"), we had reserved 200,000 shares of our common stock for future granting of options to members of our Board of Directors. The exercise price of the options is no less than the fair market value on the date of the grant. Options expire ten years from the date of grant. The 1992 Plan and the Director Plan were terminated as to future grants on May 13, 2004, with shareholder approval of the Incentive Plan. All options outstanding as of December 31, 2011 and 2010 are vested.

Additional stock option information relating to the 1992 Plan and the Director Plan is as follows:

(In thousands, except per share data)	1992 Plan							Director Plan
	Number of Options			Weighted Average Exercise Per Share		Aggregate Intrinsic Value		Number of Options		Weighted Average Exercise Per Share		Aggregate Intrinsic Value
Outstanding as of January 1, 2009		969		$	8.14				100	$	17.25
Options exercised		(359	)		5.41	$	9,200		-		-	$	-
Options forfeited		(2	)		9.01				-		-
Outstanding as of December 31, 2009		608		$	9.75				100	$	17.25
Options exercised		(300	)		9.66	$	10,038		-		-	$	-
Options forfeited		(1	)		7.45				-		-
Outstanding as of December 31, 2010		307		$	9.84				100	$	17.25
Options exercised		(300	)		9.74	$	15,846		-		-	$	-
Options forfeited		(1	)		8.48				-		-
Outstanding as of December 31, 2011		6		$	15.37				100	$	17.25

Exercisable as of December 31:
2009		608		$	9.75	$	19,688		100	$	17.25	$	2,486
2010		307		$	9.84	$	16,256		100	$	17.25	$	4,553
2011		6		$	15.37	$	395		100	$	17.25	$	6,504

The following tables summarize information about options outstanding under the 1992 Plan and the Director Plan as of December 31, 2011:

(In thousands, except per share data)		Options Outstanding and Exercisable
Exercisable Prices Per Share		Options as of 12/31/11		Weighted-Average Remaining Contractual Life			Weighted-Average Exercise Price Per Share
1992 Plan
$	8.05		1		0.9	Years	$	8.05
$	17.05		5		2.2		$	17.05
Totals			6		1.9		$	15.37

Director Plan
$	17.25		100		2.2	Years	$	17.25

Stock-based compensation expense consists of the following:

(In thousands)	For the Years Ended December 31,
	2011		2010		2009
Restricted stock	$	625	$	938	$	2,208
Restricted stock units		1,256		3,189		4,597
Total	$	1,881	$	4,127	$	6,805

While the restricted stock units are expected to vest in equal, annual installments over a five-year period, the related stock-based compensation expense is not recognized on a straight-line basis over this period. Each installment is accounted for as a separate award and as a result, the fair value of each installment is recognized as stock-based compensation expense on a straight-line basis over the related vesting period. The following table details how the expenses associated with restricted stock and restricted stock units, which are expected to be recognized over a weighted average period of 1.3 years, will be recorded assuming performance targets are achieved in the periods currently estimated:

(In thousands)
For the Years Ended December 31,	Restricted Stock Units		Restricted Stock		Total Projected Expense (pre-tax)
2012	$	1,723	$	291	$	2,014
2013		899		89		988
2014		374		9		383
2015		187		-		187
2016		83		-		83
Total	$	3,266	$	389	$	3,655