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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2011
STOCKHOLDERS' EQUITY  
Schedule of outstanding share capital

 

Type
  2009   2010   2011  

Common stock outstanding

    154,227,746     156,955,746     157,320,070  
               
Schedule of dividends declared and paid

 

Declaration date
  Per Share
Dividend
  Aggregate
Dividend
  Record Date   Payment Date  

February 28, 2011

  $ 0.16   $ 25,115     March 1, 2011     March 29, 2011  

April 28, 2011

  $ 0.22   $ 34,599     June 1, 2011     June 29, 2011  

July 28, 2011

  $ 0.22   $ 34,606     September 1, 2011     October 30, 2011  

November 7, 2011

  $ 0.22   $ 34,610     December 1, 2011     December 28, 2011  
Assumptions used for valuation of fair value of equity-based incentive awards

 

 
  December 31, 2011  

Risk free interest rate

    0.6 %

Expected option life (years)

    4.5  

Expected dividend yield

    7.25 %

Volatility factor

    76.87 %

Weighted-average grant date fair value (per share)

  $ 2.37  

Equity-based incentive awards vested and exercisable

    1,894,701  

Liability as of December 31, 2011 (in thousands)

  $ 4,487  
Assumptions used in the option pricing model to assess the fair values of the options granted

 

 
  2009   2010   2011  

Risk free interest rate

    1.8%-3.3%     1.1%-2.11%     0.02%-2.37%  

Expected option life (years)

    3.5-7.1     2.0-4.0     0.25-5.0  

Expected dividend yield

        1.3%-1.5%     2.87%-7.15%  

Volatility factor

    62%-83%     80%-81%     39.37%-87.88%  

Weighted-average grant date fair value (per share)

  $ 9.29   $ 9.68   $ 7.88
Summary of common stock options and equity-based incentive awards activity

 

 
  Common Stock Options   Equity-based
incentive awards
 
 
  Quantity   Weighted
Average
Exercise
Price
  Quantity   Weighted
Average
Exercise
Price
 

Outstanding as of December 31, 2010

    7,426,499     16.78     3,192,483     14.00  
                   

Granted

    945,625     18.08     512,500     14.00  

Modified December 15, 2011

    (211,283 )   5.49          

Modified December 15, 2011

    211,283     5.49          

Exercised

    (364,326 )   14.69     (213,406 )   14.00  

Forfeited

    (1,436,488 )   12.27     (649,688 )   14.00  

Expired

    (130,000 )   23.42     (3,750 )   14.00  
                   

Outstanding as of December 31, 2011

    6,441,310     17.96     2,838,139     14.00  
Summary of information about nonvested common stock options and equity-based incentive awards

 

 
  Common stock options   Equity-based
incentive awards
 
 
  Quantity   Weighted
Average
Grant-date
Fair Value
  Quantity   Weighted
Average
Grant-date
Fair Value
 

Nonvested as of December 31, 2010

    4,204,468     10.97     2,276,667     2.80  
                   

Granted

    945,625     7.88     512,500     2.80  

Modified December 15, 2011

    (211,283 )   11.90          

Modified December 15, 2011

    211,283     3.34          

Vested

    (2,356,414 )   10.15     (1,196,041 )   2.80  

Forfeited

    (1,436,488 )   10.10     (649,688 )   2.80  
                   

Nonvested as of December 31, 2011

    1,357,191     10.13     943,438     2.80  
                   
Summary of information about vested common stock options and equity-based incentive awards

 

 
  Common Stock Options   Equity-based incentive awards
 
  Quantity   Weighted
Average
Exercise
Price
  Weighted
Average
Remaining
Contractual
Term
  Quantity   Weighted
Average
Exercise
Price
  Weighted
Average
Remaining
Contractual
Term

December 31, 2011

    5,084,119     18.10   6.9 years     1,894,701     14.00   7.8 years
Summary of information about the intrinsic value of the Company's common stock options and equity-based incentive awards outstanding and exercisable

 

 
  Common Stock
Options
  Equity-based
incentive awards
 

Total intrinsic value of options/equity-based incentive awards outstanding/exercisable

  $ 2,757   $  
Summary of information about the intrinsic value of Company's common stock options, SAR and equity based incentive awards exercised

 

 
  2009   2010   2011  

Total intrinsic value of options exercised

      $ 11,651   $ 2,575  

Total intrinsic value of SAR exercised

  $ 45,347          

Total intrinsic value of equity-based incentive awards exercised

      $ 857   $ 598