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Stock-Based Compensation
6 Months Ended
Jun. 30, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
Stock-Based Compensation

The following table summarizes the Company's pre-tax compensation expense and related income tax benefit during the three and six months ended June 30, 2012 and 2011 related to the Company's performance units and restricted stock.
 
Three Months Ended
Six Months Ended
 
June 30,
June 30,
(In millions)
2012
2011
2012
2011
Performance units
 
 
 
 
Total shareholder return
$
2.0

$
1.9

$
3.8

$
3.7

Earnings per share
0.6

0.8

1.3

3.0

Total performance units
2.6

2.7

5.1

6.7

Restricted stock
0.2

0.2

0.4

0.5

Total compensation expense
$
2.8

$
2.9

$
5.5

$
7.2

Income tax benefit
$
1.1

$
1.1

$
2.2

$
2.8



During the three and six months ended June 30, 2012, there were 4,113 shares and 392,700 shares, respectively, of new common stock issued pursuant to the Company's stock incentive plans related to exercised stock options, restricted stock grants (net of forfeitures) and payouts of earned performance units. In November 2011, the Company purchased 120,000 shares of its common stock on the open market. During the three months ended March 31, 2012, 114,949 of these shares were used to payout Enogex's portion of earned performance units and during the three months ended June 30, 2012, 2,419 of these shares (net of forfeitures) were used to satisfy restricted stock grants. During the three and six months ended June 30, 2012, there were 2,587 and 2,932 shares of restricted stock, respectively, returned to the Company to satisfy tax liabilities. The Company received $0.1 million during each of the three and six months ended June 30, 2012 related to exercised stock options. The Company did not realize an income tax benefit for the tax deductions from the exercised stock options during the three and six months ended June 30, 2012 due to the Company being in a tax net operating loss position in 2012.

The following table summarizes the activity of the Company's stock-based compensation during the three months ended June 30, 2012.
 
Shares
Fair Value
Grants
 
 
Restricted stock
358

$51.73