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Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2013

Compensation Expense Relating to Restricted Awards

Compensation expense from continuing operations relating to restricted awards, primarily recorded in Employee compensation and benefits, and the corresponding income tax benefit, which was recorded in Income tax expense on the Consolidated Statements of Operations are presented in the following table (in thousands):



	For the three months ended June 30,				For the six months ended June 30,
	2013		2012		2013		2012
Stock award compensation expense	$	35,717	$	11,417	$	47,656	$	22,155
Income tax benefit	12,501		4,530		16,683		8,829

Summary of Restricted Awards Activity

The following tables summarize restricted awards activity, including awards related to employees working in businesses that are included within discontinued operations, for the six months ended June 30, 2013 (awards in thousands):



	Restricted Shares				Restricted Stock Units
	Number of Shares		Weighted- Average Grant date Fair Value		Number of Units		Weighted- Average Grant date Fair Value
Outstanding at January 1, 2013	82		$	15.08	8,172		$	11.44
Granted	—		—		12,826		3.69
Vested	(68	)	15.49		(7,224	)	8.30
Forfeited	—		—		(708	)	6.59
Outstanding at June 30, 2013	14		$	13.09	13,066		$	5.83

Compensation Expense Relating to Stock Options

Compensation expense from continuing operations relating to stock options, all of which was recorded in Employee compensation and benefits, as well as the corresponding income tax benefit, which is recorded in Income tax expense on the Consolidated Statements of Operations are as follows (in thousands):



	For the three months ended June 30,				For the six months ended June 30,
	2013		2012		2013		2012
Stock option compensation expense	$	—	$	138	$	10	$	367
Income tax benefit	—		54		4		144

Summary of Stock Option Activity

The following tables summarize stock option activity and stock options exercisable for the six months ended June 30, 2013 (options in thousands):



2013	Number of Stock Options		Weighted- Average Exercise Price		Aggregate Intrinsic Value (in thousands)		Weighted- Average Remaining Life (years)
Outstanding at January 1,	2,536		$	13.61
Granted at market value	—		—
Exercised	—		—
Forfeited or expired	(190	)	12.21
Outstanding at June 30,	2,346		$	12.21	$	—	2.89
Exercisable at June 30,	2,346		$	13.75	$	—	2.89
Available for future grants at June 30, *	52,457

* Represents both options and awards available for grant.

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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