Share-Based Compensation Plans

9 Months Ended

Sep. 30, 2011

Share-Based Compensation Plans [Abstract]

SHARE-BASED COMPENSATION PLANS

NOTE 13 – 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 (benefit) recognized in the Company’s consolidated financial statements for the three months ended September 30, 2011 and 2010 for stock based compensation awards was $ 0.5 million and $2.0 million, respectively. For the nine months ended September 30, 2011 and 2010, the Company recognized stock based compensation of $5.3 million and $4.0 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, 2011, there was $5.0 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 shows the new grants issued during the nine months ended September 30, 2011:

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 3, 2011		188,673	$	27.45		121,017	$	17.89		70,188	$	42.81
March 8, 2011		1,509	$	34.79		2,562	$	22.82		1,509	$	55.12
May 9, 2011		5,853	$	26.98		10,059	$	17.59		5,853	$	42.08
July 12, 2011		6,268	$	25.45		1,344	$	16.44		779	$	39.69
September 12, 2011		1,077	$	28.60		1,685	$	18.31		1,077	$	44.60

On July 11, 2011, the Company’s former President and Chief Executive Officer announced his retirement. Under the terms of the long-term incentive plan, all outstanding share based awards immediately vested as shown in the following table:

Award Type	Number of Units
Restricted Shares		49,929
Restricted Share Units		31,186
Performance Shares		56,830
Performance Share Units		57,948

In addition, the following options and stock appreciation rights were exercised near the retirement date:

Award Type	Number of Units		Weighted Average Exercise Price
Options		107,425	$	11.67
Stock Appreciation Rights		96,188	$	13.31

The following shows the weighted average fair value of SARs, performance units and RSUs outstanding at September 30, 2011:

	September 30, 2011
	SARs		Performance units		Restricted stock units
Weighted average fair value	$	14.69	$	23.95	$	21.44

The following table shows the options and SARs exercisable at September 30, 2011:

Options Exercisable	Weighted Average Exercise Price	SARs Exercisable	Weighted Average Exercise Price
212,292	$35.28	32,157	$13.17