Accounting for Stock-Based Compensation

9 Months Ended

Sep. 30, 2012

Accounting for Stock-Based Compensation [Abstract]

Accounting for Stock-Based Compensation

Note 7. Accounting for Stock-Based Compensation

The Company recognized stock-based compensation expense of $2.5 million and $6.4 million for the three months and nine months ended September 30, 2012, respectively, and $1.8 million and $4.8 million for the three months and nine months ended September 30, 2011, respectively. Unrecognized compensation expense of $20.7 million as of September 30, 2012, related to unvested stock-based compensation agreements, will be recognized over a weighted-average period of approximately three years. For the nine months ended September 30, 2012, the Company granted approximately 0.6 million shares in the form of equity compensation. As of September 30, 2012, the Company had approximately 0.9 million shares available to grant under its equity compensation plan.