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Stock Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of information relating to options
The following table sets forth information relating to such options during 2012, 2011, and 2010:
Stock Option Activity
Number Of
Shares
 
Average
Exercise
Price
 
Weighted-
Average
Grant Date
Fair Value
Balance at January 1, 2010
4,172,206

 
$
14.19

 
 
Options exercised
(837,039
)
 
12.42

 
 
Options forfeited
(170,212
)
 
18.60

 
 
Options terminated
(52,100
)
 
13.09

 


Options granted
1,355,486

 
27.75

 
10.13

Balance at December 31, 2010
4,468,341

 
18.48

 
 
Options exercised
(765,693
)
 
15.76

 
 
Options forfeited
(45,369
)
 
22.30

 
 
Options terminated
(7,011
)
 
8.03

 
 
Options granted
1,287,152

 
42.18

 
15.44

Balance at December 31, 2011
4,937,420

 
25.08

 
 
Options exercised
(1,679,359
)
 
19.14

 
 
Options forfeited
(51,573
)
 
37.67

 
 
Options terminated
(10,995
)
 
15.74

 
 
Options granted
828,991

 
49.01

 
16.67

Balance at December 31, 2012
4,024,484

 
32.33

 


Schedule of summary of non-vested option activity for the period
The following is a summary of non-vested option activity for the year ended December 31, 2012:
Stock Option Activity
Number Of
Shares
 
Weighted-
Average
Grant Date
Fair Value
Non-vested options outstanding at beginning of year
2,615,148

 
$
11.57

Granted
828,991

 
16.67

Vested / exercised
(1,313,898
)
 
9.67

Forfeited
(62,568
)
 
11.61

Non vested options outstanding at end of year
2,067,673

 
14.90

Schedule of stock options outstanding and exercisable by exercise price range
A summary of our stock options outstanding and exercisable at December 31, 2012, follows:
Exercise Price Range
Number
Outstanding
 
Number
Exercisable
 
Outstanding Weighted-
Average
Remaining
Contractual
Life (Years)
 
Exercisable
Weighted-
Average
Exercise
Price
$0 - $10
740,401

 
740,401

 
1.35
 
$
9.79

$10 - $20
286,915

 
286,915

 
0.71
 
19.63

$20 - $30
1,027,008

 
608,464

 
2.33
 
27.75

$30 - $40
16,192

 
5,397

 
3.60
 
37.06

$40 - $50
1,924,181

 
315,634

 
3.83
 
42.24

$50 - $60
5,000

 

 
4.54
 

$60 - $70
24,787

 

 
4.93
 

 
4,024,484

 
1,956,811

 
2.78
 
22.12

Schedule of the assumptions used for estimating the fair value of stock options granted during the period
The following summarizes the assumptions used for estimating the fair value of stock options granted during 2012, 2011 and 2010, respectively.
 
2012
 
2011
 
2010
Expected volatility
35.8% - 46.4%
 
46.5% - 50.7%
 
44.7% - 51.2%
Weighted average expected volatility
40.6%
 
48.7%
 
47.8%
Expected term
3.00 - 4.00 years
 
3.00 - 4.00 years
 
3.00 - 4.00 years
Risk-free rate
0.55%
 
1.43%
 
1.87%
Dividend yield
—%
 
—%
 
—%