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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Components of Share-Based Compensation Expense (Income)

Share-based compensation expense consists of:

 

     For the Year  
     2012      2011      2010  
     (In thousands)  

Cash-settled awards

   $ 6,465       $ 1,095       $ 6,023   

Equity-settled awards

     3,059         941           

Restricted stock

     2,154         2,505         3,461   

Stock options

     3,251         2,526         2,112   
  

 

 

    

 

 

    

 

 

 
   $ 14,929       $ 7,067       $ 11,596   
  

 

 

    

 

 

    

 

 

 
Share-Based Compensation Expense (Income) Included in Operating Expense

Share-based compensation expense is included in:

 

     For the Year  
     2012      2011      2010  
     (In thousands)  

General and administrative

   $ 7,144       $ 3,216       $ 5,240   

Other operating

     7,785         3,851         6,356   
  

 

 

    

 

 

    

 

 

 
   $ 14,929       $ 7,067       $ 11,596   
  

 

 

    

 

 

    

 

 

 
Summarized Activity of Cash-Settled Restricted Stock Unit Awards

The following table summarizes the activity of cash-settled restricted stock unit awards in 2012:

 

     Equivalent
Units
    Weighted
Average
Grant
Date Fair
Value
 
     (In thousands)     (Per unit)  

Non-vested at beginning of period

     449      $ 13.13   

Granted

     187        16.11   

Vested

     (286     10.32   

Forfeited

     —          —     
  

 

 

   

Non-vested at end of period

     350        17.03   
  

 

 

   
Summarized Activity of Cash-Settled Stock Appreciation Rights

The following table summarizes the activity of cash-settled stock appreciation rights in 2012:

 

    

Rights

Outstanding

   

Weighted

Average

Exercise

      Price      

    

Weighted

Average

Remaining

Contractual
      Term      

  

Aggregate

Intrinsic

Value
(Current

Value Less

Exercise
      Price)      

     (In thousands)     (Per share)      (In years)    (In thousands)

Balance at beginning of period

     895        $11.31           7        $3,986

Granted

                    

Exercised

     (29)        9.29         

Forfeited

                    
  

 

 

   

 

 

    

 

  

 

Balance at end of period

     866        11.38       6    5,256
  

 

 

   

 

 

    

 

  

 

Exercisable at end of period

     618        10.90       6    $4,027
Summarized Activity of Equity-Settled Awards
The following table summarizes the activity of equity-settled awards in 2012:

 

            Weighted  
     Equivalent
Units
     Average
Grant
 
        Date Fair
Value
 
     (In thousands)      (Per unit)  

Non-vested at beginning of period

     159       $ 20.74   

Granted

     368         17.01   

Vested

     (118      15.17   

Forfeited

               
  

 

 

    

 

 

 

Non-vested at end of period

     409         18.99   
  

 

 

    

 

 

 
Summarized Activity of Restricted Stock Awards
The following table summarizes the activity of restricted stock awards in 2012:

 

            Weighted  
     Restricted
Shares
     Average
Grant
 
        Date Fair
Value
 
     (In thousands)      (Per unit)  

Non-vested at beginning of period

     399       $ 15.02   

Granted

     9         15.33   

Vested

     (197      12.97   

Forfeited

               
  

 

 

    

 

 

 

Non-vested at end of period

     211         16.95   
  

 

 

    

 

 

 
Summarized Activity of Stock Option Awards
The following table summarizes the activity of stock option awards in 2012:

 

     Options
Outstanding
     Weighted
Average
Exercise Price
     Weighted
Average
Remaining
Contractual
Term
     Aggregate
Intrinsic Value
(Current
Value Less
Exercise Price)
 
     (In thousands)      (Per share)      (In years)      (In thousands)  

Balance at beginning of period

     1,284       $ 22.22         7       $ 944   

Granted

     473         15.94         

Exercised

                     

Forfeited

     (1      16.89         
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance at end of period

     1,756         20.53         7         1,956   
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable at end of period

     975         23.66         6         1,079   
Fair Value of Stock Options Using Black-Scholes Option Pricing Model

We estimate the fair value of stock options using the Black-Scholes option pricing model and the following assumptions:

 

     For the Year  
     2012     2011     2010  

Expected stock price volatility

     60.2      56.2      51.0 

Risk-free interest rate

     1.3      2.4      2.3 

Expected life of options (years)

     6        6        6   

Weighted average estimated fair value of options at grant date

   $ 9.22      $ 10.11      $ 8.98