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EQUITY-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2012
EQUITY-BASED COMPENSATION  
Summary of the Company's restricted stock unit program

 

 

 

 

Units

 

 

 

 

 

Outstanding — January 1, 2012

 

1,157,238

 

Granted(1)

 

385,650

 

Vested

 

(211,958

)

Forfeited

 

 

Outstanding — June 30, 2012

 

1,330,930

 

 

(1)             The shares granted during the period had a weighted-average grant date fair value of $14.68 per share.

Summary of the Company's stock option program

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Weighted-

 

Remaining

 

Intrinsic

 

 

 

Shares

 

Average

 

Contractual

 

Value(2)

 

 

 

Under Option(1)

 

Exercise Price

 

Term (Years)

 

($ thousands)

 

 

 

 

 

 

 

 

 

 

 

Outstanding — January 1, 2012

 

280,425

 

$

27.29

 

 

 

 

 

Granted

 

 

$

 

 

 

 

 

Exercised

 

 

$

 

 

 

 

 

Forfeited

 

(31,000

)

$

26.54

 

 

 

 

 

Outstanding — June 30, 2012

 

249,425

 

$

27.38

 

1.13

 

 

 

(1)             Options outstanding at June 30, 2012 are vested and available to be exercised.

(2)             The intrinsic value for each option represents the excess, if any, of the market value of the Company’s Common Stock on June 30, 2012 over the exercise price of the option.