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Stock Options and Restricted Stock (Tables)
6 Months Ended
Jun. 30, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes stock option activity:
 
 
Number of
Shares
 
Weighted-Average
Exercise Price
 
Aggregate
Intrinsic
Value
(1)
 
Weighted-Average
Remaining
Contractual Term
(in years)
Balance, December 31, 2011
9,086,586

 
$
10.79

 
$
86,590

 
7.3
Options granted (3)
626,500

 
$
25.03

 
 
 
 
Exercised
(71,442
)
 
$
18.92

 
 
 
 
Canceled/forfeited
(399,652
)
 
$
19.09

 
 
 
 
Balance, June 30, 2012
9,241,992

 
$
11.33

 
$
140,159

 
6.9
Vested and exercisable as of June 30, 2012
5,780,981

 
$
8.09

 
$
106,431

 
5.9
Vested and exercisable as of June 30, 2012 and expected to vest thereafter (2)
8,653,670

 
$
10.85

 
$
135,450

 
6.8
 
(1)
The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying award and the fair value of $26.50, and $20.14 of our common stock on June 30, 2012, and December 31, 2011.
(2)
Stock options expected to vest reflect an estimated forfeiture rate.
(3)
Includes 242,500 shares granted to non-employees. The assumptions used to value these grants are similar to those used for grants made to employees with the exception of the expected term.

Schedule of Share-based Payment Awards, Valuation Assumptions
The following weighted-average assumptions were used for grants made to employees and do not include the assumptions for non-employee grants:
 
 
June 30, 2012
 
December 31, 2011
Risk-free interest rate
1.0
%
 
1.8
%
Expected volatility
44.6
%
 
43.8
%
Expected life (in years)
6

 
6

Dividend yield
—
%
 
—
%
Share-based Payment Awards, Summary of Outstanding and Exercisable Options by Exersise Price Range
The following table summarizes information concerning outstanding and exercisable options as of June 30, 2012:
 
 
Options Outstanding
 
Options Exercisable and Vested
Range of
Exercise
Prices
Number of Shares
 
Weighted Average
Remaining
Contractual Life
(in Years)
 
Weighted-
Average
Exercise Price
 
Number
of Shares
 
Weighted-
Average
Exercise Price
$  1.00 - $  1.40
971,103

 
2.4
 
$
1.16

 
971,103

 
$
1.16

$2.98
216,240

 
4.3
 
$
2.98

 
216,240

 
$
2.98

$5.00
1,362,500

 
4.9
 
$
5.00

 
1,362,500

 
$
5.00

$7.50
1,737,000

 
7.0
 
$
7.50

 
1,284,822

 
$
7.50

$11.29
255,000

 
7.6
 
$
11.29

 
166,041

 
$
11.29

$13.00
955,000

 
7.5
 
$
13.00

 
562,597

 
$
13.00

$14.82
1,905,316

 
8.3
 
$
14.82

 
840,814

 
$
14.82

$15.50 - $21.00
1,153,333

 
8.6
 
$
19.03

 
355,614

 
$
17.87

25.50 - 26.50
686,500

 
9.7
 
$
25.74

 
21,250

 
25.50

$  1.00 - $26.50
9,241,992

 
6.9
 
$
11.33

 
5,780,981

 
$
8.09