Share-Based Employee Compensation (Tables)

20 Months Ended

Dec. 31, 2011

Share-Based Compensation Expenses

Total share-based compensation expenses were as follows:

	For the Year Ended December 31,
(In thousands)	2011		2010		2009
Option plan	$	9,948	$	6,132	$	4,653
Other share-based awards		63,872		52,807		12,354
Total share-based compensation before tax		73,820		58,939		17,007
Tax benefit		27,929		23,039		6,620
Total share-based compensation expense included in Net income	$	45,891	$	35,900	$	10,387

Stock Option Activity and Weighted Average Exercise Price

The following summarizes stock option activity and the weighted average exercise price for the following plans for the each of the three years ended December 31, 2011, 2010 and 2009:

	Option Plan					Omnibus Plan					Broad Based Plan					Director Stock Option Plan
	Outstanding Shares			Weighted Average Exercise Price		Outstanding Shares			Weighted Average Exercise Price		Outstanding Shares			Weighted Average Exercise Price		Outstanding Shares			Weighted Average Exercise Price
Balance as of December 31, 2008		6,811,698		$	18.71		1,551,800		$	20.70		73,600		$	7.89		176,000		$	23.03
Granted		—			—		1,334,000			12.58		—			—		—			—
Exercised		(331,652	)		9.67		—			—		(67,998	)		7.89		—			—
Forfeited		(40,800	)		22.39		(48,000	)		20.09		(5,602	)		7.89		—			—
Balance as of December 31, 2009		6,439,246		$	19.15		2,837,800		$	16.89		—			—		176,000		$	23.03
Granted		—			—		1,615,812			26.81		—			—		—			—
Exercised		(3,951,986	)		16.50		(6,000	)		24.25		—			—		(72,000	)	$	24.65
Forfeited		(13,500	)		21.49		(138,800	)		18.79		—			—		—			—
Balance as of December 31, 2010		2,473,760		$	23.36		4,308,812		$	20.54		—			—		104,000		$	21.91
Granted		—			—		1,276,500			50.52		—			—		—			—
Exercised		(1,373,414	)		21.98		(865,875	)		16.30		—			—		(16,000	)	$	18.14
Forfeited		(1,800	)		24.27		(36,700	)		26.38		—			—		(8,000	)	$	13.35
Balance as of December 31, 2011		1,098,546		$	25.08		4,682,737		$	29.45		—			—		80,000		$	23.52
Vested or expected to vest as of December 31, 2011		1,098,546		$	25.08		4,480,067		$	29.10		—			—		80,000		$	23.52
Options exercisable as of December 31, 2011		1,098,546		$	25.08		819,725		$	18.26		—			—		80,000		$	23.52

Stock Options Outstanding

The following table summarizes information about stock options outstanding at December 31, 2011:

	Options Outstanding						Options Exercisable
Range of Exercise Prices	Number Outstanding  at 12/31/11		Weighted  Average Remaining Contractual Life		Weighted Average Exercise Price		Number Exercisable  at 12/31/11		Weighted Average Exercise Price
$9.90 to $14.25		613,158		6.25	$	10.77		246,158	$	12.00
$14.26 to $21.51		592,625		6.83	$	16.79		326,925	$	17.87
$21.52 to $22.33		976,390		7.06	$	22.15		329,838	$	21.82
$22.34 to $23.21		614,000		6.14	$	22.57		224,000	$	22.53
$23.22 to $29.73		845,350		4.21	$	26.11		801,350	$	26.11
$29.74 to $29.98		839,860		8.71	$	29.98		—		—
$29.99 to $38.46		623,400		8.42	$	37.77		70,000	$	34.80
$38.47 to $64.41		756,500		9.80	$	58.82		—		—

Assumptions Used to Estimate Weighted Average Fair Value of Options

The following assumptions were used to estimate the weighted average fair value of options of $18.44, $9.30, and $2.95 granted during the years ended December 31, 2011, 2010, and 2009, respectively:

	For the Year Ended December 31,
	2011			2010			2009
Weighted-average volatility		49	%		48	%		42	%
Expected dividend yield		1.9	%		3.0	%		6.6	%
Expected term (in years)		4.7			5.1			5.7
Weighted average risk free interest rate		1.4	%		2.5	%		2.2	%

Restricted Stock Activity

The following table summarizes restricted stock activity for the year ended December 31, 2011:

	Shares Outstanding			Weighted Average Grant Price
Balance as of December 31, 2010		256,908		$	21.44
Granted		175,340		$	42.54
Vested		(8,000	)	$	25.42
Canceled/Forfeited		—			—
Balance as of December 31, 2011		424,248		$	30.09
Expected to vest as of December 31, 2011		424,248		$	30.09