Annual report pursuant to Section 13 and 15(d)

Stock Incentive Plans (Tables)

v2.4.0.6
Stock Incentive Plans (Tables)
 12 Months Ended
Dec. 31, 2012
Stock Incentive Plans [Abstract]  
Summary Of Stock Option Activity
Option activity for the year ended December 31, 2012 is summarized below:

 
Shares
 
Weighted Average Exercise Price
 
Aggregate Intrinsic Value
 
Weighted Average Remaining Contractual Term
Outstanding as of December 31, 2011
2,196,562

 
20.75

 
 
 
 
Exercised
(864,466
)
 
18.09

 
 
 
 
Forfeited
(32,700
)
 
25.56

 
 
 
 
Outstanding as of December 31, 2012
1,299,396

 
22.39

 
24,184

 
3.4
 
 
 
 
 
 
 
 
Exercisable as of December 31, 2012
1,229,929

 
22.51

 
22,745

 
3.3
Option Pricing Assumptions
The fair value of each option grant is estimated on the date of the grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
 
Year Ended December 31,
 
2012 (1)
 
2011
 
2010
Expected life (in years)
—
 
5.2
 
5.8
Risk-free interest rate
—
 
0.9%
 
2.7%
Expected volatility
—
 
49.9%
 
48.2%
Expected dividend yield
—
 
—
 
—
 
 
 
 
 
 
(1) No options were awarded in the year ended December 31, 2012.
Stock Option Awards
Other information pertaining to option activity is as follows:
 
Year Ended December 31,
 
2012 (1)
 
2011
 
2010
Weighted-average fair value of options granted
—
 
$
13.94

 
$
11.60

Total intrinsic value of stock options exercised
$
24,120

 
$
11,744

 
$
1,999

 
 
 
 
 
 
(1) No options were awarded in the year ended December 31, 2012.
Non-Vested Restricted Stock And Restricted Stock
A summary of the Company's non-vested restricted stock and restricted stock unit shares as of December 31, 2012, and changes during the year ended December 31, 2012, is presented below:
 
Shares
 
Weighted Average Grant Date Fair Value
Non-vested balance as of December 31, 2011
2,118,603

 
$
28.55

Granted
1,035,721

 
44.69

Vested
(953,033
)
 
26.20

Forfeited
(142,383
)
 
35.84

Non-vested balance as of December 31, 2012
2,058,908

 
$
37.25