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EQUITY-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2011
EQUITY-BASED COMPENSATION  
Summary of the Company's restricted stock program

 

 

 

 

 

 

Weighted-Average

 

 

 

 

 

Grant Date

 

 

 

Shares/Units

 

Fair Value

 

Outstanding — January 1, 2011

 

991,685

 

$

29.46

 

Granted

 

316,600

 

$

22.60

 

Vested

 

(155,700

)

$

37.49

 

Forfeited

 

(5,647

)

$

27.48

 

Outstanding — June 30, 2011

 

1,146,938

 

$

26.51

Summary of the Company's stock option program

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Weighted-

 

Remaining

 

 

 

 

 

Shares

 

Average

 

Contractual

 

Intrinsic

 

 

 

Under Option

 

Exercise Price

 

Term

 

Value(1)

 

 

 

 

 

 

 

(Years)

 

 

 

Outstanding — January 1, 2011

 

442,357

 

$

27.08

 

 

 

 

 

Granted

 

 

$

 

 

 

 

 

Exercised

 

(34,900

)

$

24.38

 

 

 

 

 

Forfeited

 

(31,740

)

$

25.84

 

 

 

 

 

Outstanding — June 30, 2011(2)

 

375,717

 

$

27.43

 

1.6

 

$

600

 

 

 

(1)             The intrinsic value for each option represents the excess, if any, of the market value of the Company’s Common Stock on June 30, 2011 over the exercise price of the option.

(2)             Options outstanding at June 30, 2011 are vested and available to be exercised.