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Stockholders' Equity and Share-Based Awards (Tables)
12 Months Ended
Dec. 31, 2013
Summary of Stock Option Activity

A summary of the Company’s stock option activity in 2013 is as follows:

 

     Shares
(in thousands)
    Weighted
Average
Exercise
Price
     Weighted
Average
Remaining Life
(years)
     Total Intrinsic
Value
(in millions)
 

Options outstanding, beginning of year

     585.3     $ 14.62        

Granted

     —          —           

Exercised

     (229.6 )     14.85        

Cancelled

     —          —           
  

 

 

   

 

 

       

Options outstanding, end of year (a)

     355.7     $ 14.47        2.1       $ 16.7   
  

 

 

      

 

 

    

 

 

 

 

(a) All options outstanding are exercisable
Summary of Restricted Stock Activity

A summary of the Company’s restricted stock activity for 2013 is as follows:

 

     Shares
(in thousands)
 

Outstanding as of December 31, 2012

     4,985.1  

Granted

     1,687.1   

Released/Vested

     (2,407.0

Cancelled

     (258.6
  

 

 

 

Outstanding as of December 31, 2013

     4,006.6   
  

 

 

 
Total Fair Value of Restricted Shares Granted and Vested

The total fair value of restricted shares granted and total fair value of restricted shares vested for 2013, 2012 and 2011 is as follows:

 

(in millions)

   2013      2012      2011  

Total fair value of restricted shares granted

   $ 75.0       $ 43.2       $ 36.0   

Total fair value of restricted shares vested

     85.7         49.6         14.5   
Restricted Shares With Common Stock Price Thresholds
 
Assumptions Used to Determine Weighted Average Grant Date Fair Value

For those restricted stock awards with common stock price thresholds, the weighted average grant date fair values of these awards were $33.80, $18.98 and $19.67 for 2013, 2012 and 2011, respectively, based on the following assumptions:

 

     2013     2012     2011  

Expected volatility

     40.7     45.8     44.0

Risk-free interest rates

     0.8     0.9     2.2

Derived service periods (in years)

     0.1       0.2       0.2