XML 48 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2012
Stock-Based Compensation Plans [Abstract]  
Stock-based compensation expense
                         
    Year Ended December 31,  
    2012     2011     2010  
    (In thousands)  

Employee:

                       

Restricted stock and performance shares

  $ 7,046     $ 5,856     $ 6,588  

Stock options

    668       324       1,728  
   

 

 

   

 

 

   

 

 

 
      7,714       6,180       8,316  
   

 

 

   

 

 

   

 

 

 

Non-employee directors:

                       

Restricted stock

    671       679       570  

Stock options

    —         —         83  
   

 

 

   

 

 

   

 

 

 
      671       679       653  
   

 

 

   

 

 

   

 

 

 

Total stock-based compensation

  $ 8,385     $ 6,859     $ 8,969  
   

 

 

   

 

 

   

 

 

 
Assumptions used for the Black-Scholes option-pricing model to determine the per share weighted average fair value for options granted
                         
    2012     2011     2010  

Expected life (years)

    5.0       9.9       5.0  

Risk-free interest rate

    0.7     3.3     2.2

Expected volatility

    48.2     48.0     50.0

Expected dividend yield

    1.2     1.3     2.0
Stock option activity
                                 
                Remaining        
    Number of     Weighted-Average     Contractual        
    Shares     Exercise Price     Term     Intrinsic Value  
                      (In thousands)  

Outstanding at December 31, 2009

    5,166,558     $ 9.10                  

Granted

    8,239     $ 14.10                  

Canceled

    (12,575   $ 13.85                  

Exercised

    (758,660   $ 9.17                  
   

 

 

                         

Outstanding at December 31, 2010

    4,403,562     $ 9.09                  

Granted

    340,771     $ 21.60                  

Canceled

    (211,323   $ 16.16                  

Exercised

    (1,605,273   $ 10.21                  
   

 

 

                         

Outstanding at December 31, 2011

    2,927,737     $ 9.42       8.1          

Granted

    13,292     $ 32.45                  

Canceled

    —       $ —                    

Exercised

    (1,511,207   $ 5.64             $ 41,310  
   

 

 

                         

Outstanding at December 31, 2012

    1,429,822     $ 13.62       4.5     $ 31,002  
   

 

 

                         

Exercisable at December 31, 2012

    1,214,099     $ 12.10       4.0     $ 28,172  
   

 

 

                         
Summary of performance of share activity
                         
     2012     2011     2010  

Performance year

                       

Share pay-out at plan, net of forfeitures of 14,563 for 2011

    44,843       63,102       87,035  

Actual share pay-out in following year

    41,481       94,653       130,552  

Fair value per share on grant date

  $ 30.64     $ 21.56     $ 14.29  
Restricted stock and performance share activity
                 
          Weighted-Average  
    Number of     Grant Date Fair  
    Restricted Shares     Value  

Outstanding at December 31, 2009

    1,034,139     $ 9.64  

Granted

    549,264          

Performance share pay-out

    206,664          

Canceled

    (71,152        

Vested

    (474,051        
   

 

 

         

Outstanding at December 31, 2010

    1,244,864     $ 11.23  

Granted

    435,548          

Performance share pay-out

    130,552          

Canceled

    (279,081        

Vested

    (574,172        
   

 

 

         

Outstanding at December 31, 2011

    957,711     $ 15.69  

Granted

    206,965          

Performance share pay-out

    91,498          

Canceled

    (7,390        

Vested

    (459,474        
   

 

 

         

Outstanding at December 31, 2012

    789,310     $ 21.88