Share-Based Compensation Plans

9 Months Ended

Sep. 30, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

SHARE-BASED COMPENSATION PLANS

SHARE-BASED COMPENSATION PLANS

The Company has an annual incentive plan and a long-term incentive plan. The Company’s shareholders approved the Amended and Restated 2003 Long-Term Incentive Plan of Coeur d’Alene Mines Corporation at the 2010 annual shareholders meeting.

The compensation expense recognized in the Company’s consolidated financial statements for the three months ended September 30, 2012 and 2011 for share based compensation awards was $3.4 million and $0.5 million, respectively. The compensation expense recognized in the Company’s consolidated financial statements for the nine months ended September 30, 2012 and 2011 for share based compensation awards was $6.1 million and $5.3 million, respectively. The stock appreciation rights (SARs), restricted stock units (RSUs) and performance units outstanding under the plan are liability-based awards and are required to be re-measured at the end of each reporting period with corresponding adjustments to previously recognized and future stock-based compensation expense. As of September 30, 2012, there was $6.9 million of total unrecognized compensation cost (net of estimated forfeitures) related to unvested stock options, SARs, restricted stock, RSUs, performance shares and performance units which is expected to be recognized over a weighted-average remaining vesting period of 1.6 years.

The following table summarizes the new grants issued during the nine months ended September 30, 2012:

Grant date	Restricted stock	Grant date fair value of restricted stock		Stock options	Grant date fair value of stock options		Performance shares	Grant date fair value of performance shares
January 31, 2012	165,169	$	27.66	120,720	$	17.67	77,137	$	41.53
March 1, 2012	4,844	$	28.72	—	$	—	—	$	—
April 2, 2012	2,009	$	24.32	—	$	—	—	$	—
May 1, 2012	3,185	$	21.65	—	$	—	—	$	—
May 7, 2012	7,511	$	19.01	11,803	$	12.10	7,511	$	28.54
June 1, 2012	1,361	$	18.35	—	$	—	—	$	—
July 2, 2012	6,166	$	17.35	—	$	—	—	$	—
August 1, 2012	2,209	$	15.84	—	$	—	—	$	—
September 4, 2012	8,590	$	23.55	—	$	—	—	$	—

The following options and stock appreciation rights were exercised during the nine months ended September 30, 2012:

Award Type	Number of Units	Weighted Average Exercise Price
Options	37,395	$	11.18
Stock Appreciation Rights	34,385	$	12.73

The following shows the weighted average fair value of SARs, performance units and RSUs outstanding at September 30, 2012:

	September 30, 2012
	SARs		Performance units		Restricted stock units
Weighted average fair value	$	17.38	$	54.26	$	28.83

The following table shows the options and SARs exercisable at September 30, 2012:

Options Exercisable	Weighted Average Exercise Price		SARs Exercisable	Weighted Average Exercise Price
209,619	$	34.18	46,125	$	13.72