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Stock-Based Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2012
Summary of Stock Options Issued Pursuant to Stock Incentive Plans

A summary of stock options issued pursuant to the Company’s stock incentive plans is as follows:

 

     Number of
Shares
    Weighted-
Average
Exercise
Price
     Weighted-
Average
Remaining
Contractual
Term (Years)
     Aggregate
Intrinsic Value of
In-the-Money
Options
 

Outstanding as of December 31, 2011

     3,490,056      $ 23.28         

Granted

     14,984        39.25         

Exercised

     (302,224     14.55         

Forfeited

     (24,966     21.64         

Expired

     (1,500     10.04         
  

 

 

   

 

 

       

Outstanding as of March 31, 2012

     3,176,350      $ 24.20         5.26       $ 51,042,035   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable as of March 31, 2012

     2,052,169      $ 23.92         4.55       $ 33,553,777   
  

 

 

   

 

 

    

 

 

    

 

 

 
Fair Value of Options Granted Estimated Using Black-Scholes Option-Pricing Model with Weighted-Average Assumptions

The fair value of options granted during the three months ended March 31, 2012 was estimated on the date of grant using the Black-Scholes option-pricing model, a pricing model acceptable under U.S. GAAP, with the following weighted-average assumptions:

 

     Three Months Ended
March 31, 2012
 

Expected life (years)

     5.55   

Interest rate

     1.1

Volatility

     51.3

Dividend yield

     —     
Summary of Nonvested Long-Term Incentive Program Performance Share Awards ("LTIP performance shares") Outstanding

A summary of nonvested long-term incentive program performance share awards (“LTIP performance shares”) outstanding as of March 31, 2012 and changes during the period are as follows:

 

Nonvested LTIP Performance Shares

   Number of
Shares at
Expected
Attainment
    Weighted-
Average
Grant Date
Fair Value
 

Nonvested as of December 31, 2011

     931,571      $ 23.33   

Granted

     11,987        39.25   

Forfeited

     (10,426     27.22   
  

 

 

   

 

 

 

Nonvested as of March 31, 2012

     933,132      $ 23.49   
  

 

 

   

 

 

 
Summary of Nonvested Restricted Share Awards ("RSAs") and Changes During Period

A summary of nonvested restricted share awards (“RSAs”) as of March 31, 2012 and changes during the period are as follows:

 

Nonvested Restricted Share Awards

   Number of
Restricted
Share Awards
    Weighted-Average Grant
Date Fair Value
 

Nonvested as of December 31, 2011

     100,023      $ 19.29   

Vested

     (37,583     16.58   

Forfeited

     (7,250     16.52   
  

 

 

   

 

 

 

Nonvested as of March 31, 2012

     55,190      $ 21.51   
  

 

 

   

 

 

 
Stock Incentive Plan 2003
 
Summary of Nonvested Restricted Share Awards ("RSAs") and Changes During Period

A summary of nonvested Transaction RSAs issued under the S1 2003 Stock Incentive Plan as of March 31, 2012 and changes during the period are as follows:

 

Nonvested Transaction Restricted Share Awards

   Number of
Restricted
Share Awards
    Weighted-Average Grant
Date Fair Value
 

Nonvested as of December 31, 2011

     —        $ —     

Transaction RSAs converted upon acquisition of S1

     170,205        35.41   

Vested

     (67,857     35.41   

Forfeited

     (747     35.41   
  

 

 

   

 

 

 

Nonvested as of March 31, 2012

     101,601      $ 35.41