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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
(In thousands)
 
Weighted
Average
Exercise
      Price      
(Per share)
 
Weighted
Average
Remaining
Contractual
      Term      
(In years)
 
Aggregate
Intrinsic
Value
(Current
Value Less
Exercise Price)      
(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:
 
Equivalent
Units
 
Weighted
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:
 
Restricted
Shares
 
Weighted
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