Share-Based Compensation

6 Months Ended

Jun. 30, 2011

Share-Based Compensation [Abstract]

Share-Based Compensation

Note 5   Share-Based Compensation

We have several share-based employee compensation plans, which are more fully described in Note 6 Share-Based Compensation to the audited financial statements included in our 2010 Annual Report.

Total share-based compensation expense, which includes both stock options and restricted stock, totaled $4.1 million and $3.6 million for the three months ended June 30, 2011 and 2010, respectively, and $8.1 million and $7.0 million for the six months ended June 30, 2011 and 2010, respectively. Total share-based compensation is included in direct costs and general and administrative expenses in our consolidated statements of income (loss). Share-based compensation expense has been allocated to our various operating segments. See Note 12 — Segment Information.

During the six months ended June 30, 2011 and 2010, we awarded 1,029,157 and 460,418 shares of restricted stock, respectively, vesting over periods up to four years, to our employees and directors. These awards had an aggregate value at their grant date of $28.8 million and $10.3 million, respectively. The fair value of restricted stock that vested during the six months ended June 30, 2011 and 2010 was $15.9 million and $19.3 million, respectively.

The total intrinsic value of stock options exercised during the six months ended June 30, 2011 and 2010 was $15.1 million and $3.4 million, respectively. The total fair value of stock options that vested during the six months ended June 30, 2011 and 2010 was $5.1 million and $5.5 million, respectively.