XML 27 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
STOCK OPTIONS AND STOCK AWARDS (Tables)
6 Months Ended
Jun. 30, 2013
STOCK OPTIONS AND STOCK AWARDS  
Summary of stock option activity

 

 

 

 

Six Months Ended June 30, 2013

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

average

 

 

 

 

 

 

 

average

 

remaining

 

Aggregate

 

 

 

 

 

exercise

 

contractual

 

intrinsic

 

Stock options

 

Shares

 

price

 

life (in years)

 

value

 

Options outstanding:

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2012

 

6,626,176

 

$

22.50

 

 

 

 

 

Granted

 

1,106,309

 

17.56

 

 

 

 

 

Exercised

 

(4,600

)

14.14

 

 

 

 

 

Forfeited

 

(208,090

)

26.01

 

 

 

 

 

Outstanding at June 30, 2013

 

7,519,795

 

21.68

 

7.19

 

$

5,243

 

Exercisable at June 30, 2013

 

3,995,439

 

23.35

 

5.85

 

4,948

 

Summary of restricted stock activity

 

 

 

 

 

 

Weighted

 

 

 

 

 

average

 

 

 

 

 

grant-date

 

 

 

Shares

 

fair value

 

Nonvested at December 31, 2012

 

48,700

 

$

23.76

 

Issued

 

10,000

 

14.37

 

Vested

 

(34,490

)

24.16

 

Cancelled

 

(250

)

24.62

 

Nonvested at June 30, 2013

 

23,960

 

19.27

 

 

Schedule of weighted-average assumptions used to estimate the fair value of options granted using the Black-Scholes model

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Weighted average assumptions:

 

 

 

 

 

 

 

 

 

Expected life of options (in years)

 

6.33

 

6.34

 

6.27

 

6.26

 

Risk-free interest rate

 

1.26

%

0.97

%

1.17

%

1.04

%

Expected volatility

 

48.17

%

50.24

%

48.83

%

50.74

%

Expected dividend yield

 

0.00

%

0.00

%

0.00

%

0.00

%