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Stock-Based Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2013
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, 2012

     2,968,582      $ 27.15         

Granted

     84,705        43.93         

Exercised

     (242,379     22.68         

Forfeited

     (19,722     33.83         

Expired

     (429     28.94         
  

 

 

   

 

 

       

Outstanding as of June 30, 2013

     2,790,757      $ 28.00         5.11       $ 51,594,113   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable as of June 30, 2013

     1,670,866      $ 25.26         4.42       $ 35,448,044   
  

 

 

   

 

 

    

 

 

    

 

 

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

The fair value of options granted during the three and six months ended June 30, 2013 and 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     Six Months Ended     Three Months Ended     Six Months Ended  
     June 30, 2013     June 30, 2013     June 30, 2012     June 30, 2012  

Expected life (years)

     9.57        8.70        10.00        9.11   

Interest rate

     2.1     1.8     1.6     1.5

Volatility

     46.9     47.6     53.4     53.0

Dividend yield

     —          —          —          —     
Summary of Nonvested Long-Term Incentive Program Performance Share Awards Outstanding and Changes During Period

A summary of nonvested long-term incentive program performance share awards (“LTIP performance shares”) outstanding as of June 30, 2013 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, 2012

     1,101,484      $ 28.14   

Granted

     14,686        47.63   

Forfeited

     (16,830     33.63   

Vested

     (327,576     16.83   
  

 

 

   

 

 

 

Nonvested as of June 30, 2013

     771,764      $ 33.19   
  

 

 

   

 

 

 
Summary of Nonvested Restricted Share Awards and Changes During Period

A summary of nonvested restricted share awards (“RSAs”) as of June 30, 2013 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, 2012

     69,238      $ 41.02   

Granted

     5,195        43.82   

Vested

     (7,100     23.35   
  

 

 

   

 

 

 

Nonvested as of June 30, 2013

     67,333      $ 43.10   
  

 

 

   

 

 

 
ORCC
 
Summary of Stock Options Issued Pursuant to Stock Incentive Plans

A summary of transaction 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, 2012

     —        $ —           

Transaction stock options converted upon acquisition of ORCC

     37,468        91.92         

Exercised

     (2,069     41.76         

Cancelled

     (1,029     52.03         
  

 

 

   

 

 

       

Outstanding as of June 30, 2013

     34,370      $ 96.14         1.70       $ 29,486   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable as of June 30, 2013

     34,370      $ 96.14         1.70       $ 29,486   
  

 

 

   

 

 

    

 

 

    

 

 

 
S1 2003 Stock Incentive Plan
 
Summary of Nonvested Restricted Share Awards and Changes During Period

A summary of nonvested Transaction RSAs issued under the S1 2003 Stock Incentive Plan as of June 30, 2013 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, 2012

     50,244      $ 35.41   

Forfeited

     (3,585     35.41   
  

 

 

   

 

 

 

Nonvested as of June 30, 2013

     46,659      $ 35.41