Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2012

Recognition of Pre-Tax Compensation Expense

The Company recognized pre-tax compensation expense recorded in salaries and related in the consolidated statements of operations and comprehensive income (loss) related to stock-based compensation as follows (the following table excludes stock-based compensation attributable to the business held for sale) :

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
Non-vested stock, included in salaries and related	$	5,711	$	8,693	$	21,223	$	33,462
Stock options, included in salaries and related		—		95		51		343
Total	$	5,711	$	8,788	$	21,274	$	33,805

Non-Vested Stock Activity

The Company’s non-vested stock activity for the nine months ended September 30, 2012 is as follows:

(thousands of shares)	Shares			Weighted Average Fair Value at Grant Date
Non-vested at January 1, 2012		7,432		$	13.85
Granted		4,369			6.89
Forfeited		(692	)		13.65
Vested		(3,000	)		14.00
Non-vested at September 30, 2012		8,109		$	10.06

Stock Option Activity

The Company’s stock option activity for the nine months ended September 30, 2012 is as follows:

(thousands of shares)	Shares			Weighted Average Exercise Price		Weighted Average Contractual Term (in years)		Aggregate Intrinsic Value
Outstanding at January 1, 2012		1,560		$	24.10
Granted		—			—
Forfeited		(522	)		14.63
Exercised		(3	)		9.11
Outstanding at September 30, 2012		1,035		$	29.01		2.22	$	—
Options exercisable at September 30, 2012		1,035		$	29.01		2.22	$	—