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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2011
Stockholders' Equity  
Schedule of stock option activity

 

 

 
  2009   2010  
 
  Options   Weighted
Average
Exercise
Price
  Options   Weighted
Average
Exercise
Price
 

Outstanding, beginning of period

    4,668,490   $ 39.82     5,185,091   $ 38.19  

Granted

    1,326,694     33.00     951,072     42.70  

Forfeited

    (732,846 )   39.68     (332,105 )   40.66  

Exercised

    (77,247 )   33.38     (2,028,472 )   37.89  
                   

Outstanding, end of period

    5,185,091   $ 38.19     3,775,586   $ 39.27  
                   

 

 
  2011  
 
  Options   Weighted
Average
Exercise
Price
  Weighted
Average
Remaining
Contractual
Term
(in years)
  Aggregate
Intrinsic
Value
(in thousands)
 

Outstanding, beginning of period

    3,775,586   $ 39.27              

Granted

    1,217,958     49.30              

Forfeited

    (86,986 )   42.13              

Exercised

    (1,065,325 )   38.34              
                       

Outstanding, end of period

    3,841,233   $ 42.65     7.47   $ 26,446  
                   

Vested and expected to vest at end of period

    3,763,158   $ 42.55     7.44   $ 26,251  
                   

Exercisable, end of period

    1,720,871   $ 40.02     6.03   $ 16,268  
                   
Schedule of weighted average assumptions used to determine weighted average grant date fair value

 

 
  2009   2010   2011  

Risk-free interest rate

    1.67 %   1.74 %   1.63 %

Expected life

    4 years     4 years     4 years  

Expected volatility

    30.20 %   31.70 %   29.88 %

Expected dividend yield

    0.00 %   0.00 %   0.00 %
Schedule of nonvested restricted stock award activity

 

 

 
  2009   2010   2011  
 
  Shares   Weighted
Average
Grant Date
Fair Value
  Shares   Weighted
Average
Grant Date
Fair Value
  Shares   Weighted
Average
Grant Date
Fair Value
 

Outstanding, beginning of period

    321,935   $ 42.92     28,910   $ 30.27     22,309   $ 39.23  

Awarded

    30,385     30.36     22,309     39.23     18,748     52.11  

Vested

    (319,547 )   42.97     (28,910 )   30.27     (22,309 )   39.23  

Forfeited

    (3,863 )   36.66                  
                           

Outstanding, ending of period

    28,910   $ 30.27     22,309   $ 39.23     18,748   $ 52.11  
                           
Schedule of nonvested restricted stock units

 

 

 
  2009   2010   2011  
 
  Shares   Weighted
Grant Date
Fair Value
  Shares   Weighted
Grant Date
Fair Value
  Shares   Weighted
Grant Date
Fair Value
 

Outstanding, beginning of period

    176,112   $ 38.72     184,454   $ 34.99     190,488   $ 38.43  

Awarded

    121,065     32.91     101,812     42.75     115,003     49.14  

Vested

    (73,465 )   39.16     (84,615 )   36.20     (90,853 )   37.50  

Forfeited

    (39,258 )   37.60     (11,163 )   37.97     (8,300 )   42.94  
                           

Outstanding, ending of period

    184,454   $ 34.99     190,488   $ 38.43     206,338   $ 44.63  
                           
Computation of basic and diluted earnings per share

 

 

 
  2009   2010   2011  

Numerator:

                   

Net income

  $ 106,671   $ 138,659   $ 129,623  
               

Denominator:

                   

Weighted average number of common shares outstanding—basic

    35,248     33,779     30,478  

Common stock equivalents—stock options

    46     448     480  

Common stock equivalents—warrants

    52     116      

Common stock equivalents—restricted stock awards

    29     12     9  

Common stock equivalents—restricted stock units

    41     86     91  
               

Weighted average number of common shares outstanding—diluted

    35,416     34,441     31,058  
               

Net income per common share—basic

  $ 3.03   $ 4.10   $ 4.25  
               

Net income per common share—diluted

  $ 3.01   $ 4.03   $ 4.17