SHARE-BASED COMPENSATION PLANS

6 Months Ended

12 Months Ended

Jun. 30, 2013

Dec. 31, 2012

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

SHARE-BASED COMPENSATION PLANS

NOTE 14 – SHARE-BASED COMPENSATION PLANS

Compensation expense recognized in the Company’s consolidated financial statements for the three months ended June 30, 2013 and 2012 for share based compensation awards was $1.5 million and $1.0 million, respectively. Compensation expense recognized for the six months ended June 30, 2013 and 2012 for share based compensation awards was $2.1 million and $2.7 million, respectively. Stock appreciation rights (SARs) 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. At June 30, 2013, there was $10.3 million of total unrecognized compensation cost (net of estimated forfeitures) to be recognized over a weighted-average period of 1.8 years.

The following table summarizes the new grants issued during the six months ended June 30, 2013:

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 2, 2013		1,805	$	25.20		—	$	—		—	$	—
January 22, 2013		47,994	$	23.90		77,715	$	14.77		95,991	$	27.41
February 4, 2013		18,668	$	22.63		17,692	$	14.00		21,828	$	25.96
April 1, 2013		157,142	$	18.51		73,290	$	11.39		28,662	$	21.23
May 21, 2013		111,193	$	13.66		—	$	—		—	$	—

The following options and stock appreciation rights were exercised during the six months ended June 30, 2013:

Award Type	Number of Units		Weighted Average Exercise Price
Options		926	$	20.80
Stock Appreciation Rights		3,846	$	15.40

The following shows the weighted average fair value of SARs outstanding at June 30, 2013:

	SARs
Weighted average fair value	$	4.05

The following table shows the options and SARs exercisable at June 30, 2013:

Options Exercisable	Weighted Average Exercise Price	SARs Exercisable	Weighted Average Exercise Price
256,336	$32.92	65,019	$14.21

NOTE 17 – 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 years ended December 31, 2012, 2011, and 2010 under these plans was $12.1 million, $11.9 million, and $10.6 million, respectively.

Stock options and Stock Appreciation Rights (SARs) granted under the Company’s incentive plans vest over three years and are exercisable over a period not to exceed ten years from the grant date. The exercise price of the stock options and SARs is equal to the greater of the par value of the shares or the fair market value of the shares on the date of the grant. The value of each stock option award and SAR is estimated on the date of grant using the Black-Scholes option pricing model. Stock options are accounted for as equity-based awards and SARs are accounted for as liability-based awards. The value of the SARs is remeasured at each reporting date. SARs, when vested, provide the participant the right to receive cash equal to the excess of the market price of the shares over the exercise price when exercised. Cash used to settle stock options and SARs for the years ended December 31, 2012, 2011 and 2010 was $0.4 million, $1.9 million and $0.1 million, respectively.

Restricted stock and restricted stock units granted under the Company’s incentive plans are accounted for based on the market value of the underlying shares on the date of grant and vest in equal installments annually over three years. Restricted stock awards are accounted for as equity-based awards and restricted stock unit awards are accounted for as liability-based awards. Restricted stock units are remeasured at each reporting date. Restricted stock units are settled in cash based on the number of vested restricted stock units multiplied by the current market price of the common shares when vested. Holders of the restricted stock are entitled to vote the shares and to receive any dividends declared on the shares. Cash used to settle restricted stock units for the years ended December 31, 2012, 2011, and 2010 was $0.9 million, $2.2 million, and $0.3 million, respectively.

Performance shares and performance units granted under the Company’s incentive plans are accounted for at fair value. Performance share awards are accounted for as equity-based awards and performance units are accounted for as liability-based awards. Performance shares and performance units are valued using a Monte Carlo simulation valuation model on the date of grant. The value of the performance units is remeasured each reporting date. Vesting is contingent on meeting certain market conditions based on relative total shareholder return. The performance shares and units vest at the end of the three-year service period if the market conditions are met and the employee remains an employee of the Company. The existence of a market condition requires recognition of compensation cost for the performance share awards over the requisite period regardless of whether the market condition is ever satisfied. Performance units are cash-based awards and are settled in cash based on the current market price of the common shares when vested. Cash used to settle performance units for the years ended December 31, 2012, 2011, and 2010 was $2.1 million, $1.4 million, and nil respectively.

The compensation expense recognized in the Company’s consolidated financial statements for the year ended December 31, 2012, 2011 and 2010 for stock based compensation awards was $7.5 million, $8.1 million and $7.2 million, respectively. The SAR’s, restricted stock units and performance units are liability-based awards and are required to be remeasured at the end of each reporting period with corresponding adjustments to previously recognized and future stock-based compensation expense. As of December 31, 2012, there was $4.9 million of total unrecognized compensation cost (net of estimated forfeitures) related to unvested stock options, SARs, restricted stock, restricted stock units, 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 sets forth the weighted average fair value of stock options on the date of grant and the weighted average fair value of the SARs at December 31, 2012. The assumptions used to estimate the fair value of the stock options and SARs using the Black-Scholes option valuation model are as follows:

	Date of Grant						As of December 31, 2012
	Stock Options 2012			Stock Options 2011			SARs 2010
Weighted average fair value of stock options granted and SARs outstanding	$	15.77		$	17.85		$	13.73
Expected volatility		70.56	%		72.56	%		51.57	%
Expected life		5.5 years			6 years			2.7 years
Risk-free interest rate		0.89	%		2.30	%		0.34	%
Expected dividend yield		—			—			—

The expected volatility is determined using historical volatilities based on historical stock prices. The Company estimated the expected life of the options and SARs granted using the midpoint between the vesting date and the original contractual term. The risk free rate was determined using the yield available on U.S. Treasury zero-coupon issues with a remaining term equal to the expected life of the option or SAR. The Company has not paid dividends on its common stock since 1996.

The following table summarizes stock option and SARs activity for the years ended December 31, 2012, 2011 and 2010:

	Stock Options					SARs
	Shares			Weighted Average Exercise		Shares			Weighted Average Exercise
Stock options outstanding at December 31, 2009		392,678		$	23.48		112,471		$	10.00
Granted		4,089			15.30		151,287			15.40
Exercised		(29,104	)		9.81		(16,639	)		10.00
Canceled/Forfeited		(36,823	)		23.31		(16,556	)		11.17
Stock options outstanding at December 31, 2010		330,840			24.60		230,563			13.46
Granted		139,916			27.39		—			—
Exercised		(129,785	)		11.41		(119,801	)		13.10
Canceled/forfeited		(19,364	)		40.16		(3,123	)		14.46
Stock options outstanding at December 31, 2011		321,607			30.20		107,639			13.83
Granted		151,102			26.97		—			—
Exercised		(40,173	)		11.84		(34,385	)		12.73
Canceled/forfeited/expired		(62,536	)		29.22		(4,389	)		15.40
Stock options outstanding at December 31, 2012		370,000		$	31.04		68,865		$	14.27

Options to purchase 218,369 shares were exercisable at December 31, 2012 at a weighted average exercise price of $34.00.

	Options Outstanding						Options Exercisable
Range of Exercise Price	Number Outstanding		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Number Exercisable		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
$0.00-$10.00		27,853	$	10.00		6.09		27,853	$	10.00		6.09
$10.00-$20.00		15,892	$	18.06		8.89		2,726	$	15.30		7.59
$20.00-$30.00		227,154	$	27.28		6.60		90,397	$	27.00		3.31
$30.00-$40.00		49,673	$	39.12		2.39		47,965	$	39.28		2.18
$40.00-$50.00		20,464	$	48.50		2.91		20,464	$	48.50		2.91
$50.00-$60.00		12,937	$	51.40		2.23		12,937	$	51.40		2.23
$60.00-$70.00		3,219	$	66.60		1.02		3,219	$	66.60		1.02
$70.00-$80.00		12,808	$	70.90		1.14		12,808	$	70.90		1.14

As of December 31, 2012, there was $0.8 million of unrecognized compensation cost related to non-vested stock options and SARs to be recognized over a weighted average period of 1.4 years.

The following table summarizes restricted stock and restricted stock units activity for the years ended December 31, 2012, 2011 and 2010:

	Restricted Stock					Restricted Stock Units
	Number of Shares			Weighted Average Grant Date Fair Value		Number of Units			Weighted Average Fair Value
Outstanding at December 31, 2009		134,389		$	15.95		67,485		$	18.06
Granted		2,363			15.30		91,378			15.40
Vested		(57,926	)		21.90		(22,500	)		15.24
Cancelled/Forfeited		(14,203	)		12.43		(9,947	)		15.76
Outstanding at December 31, 2010		64,623			11.37		126,416			27.32
Granted		205,463			27.37		—			—
Vested		(85,323	)		19.36		(79,014	)		27.87
Cancelled/Forfeited		(11,254	)		26.89		(1,884	)		25.03
Outstanding at December 31, 2011		173,509			25.38		45,518			24.14
Granted		230,096			26.40		—			—
Vested		(95,336	)		23.15		(31,456	)		25.92
Cancelled/Forfeited		(68,571	)		27.43		(2,651	)		24.60
Outstanding at December 31, 2012		239,698		$	26.65		11,411		$	24.60

As of December 31, 2012, there was $2.1 million of total unrecognized compensation cost related to restricted stock and restricted stock unit awards to be recognized over a weighted-average period of 1.4 years.

The following table summarizes performance shares and performance units’ activity for the years-ended December 31, 2012, 2011, and 2010:

	Performance Shares					Performance Units
	Number of Shares			Weighted Average Grant Date Fair Value		Number of Units			Weighted Average Fair Value
Outstanding at December 31, 2009		136,298		$	16.59		67,485		$	27.53
Granted		2,363			18.65		91,378			19.94
Vested		—			—		—			—
Cancelled/Forfeited		(37,833	)		17.53		(13,840	)		20.12
Outstanding at December 31, 2010		100,828			16.29		145,023			35.41
Granted		81,489			42.72		—			—
Vested		(56,830	)		23.24		(57,948	)		24.68
Cancelled/Forfeited		(19,558	)		48.62		(2,536	)		25.03
Outstanding at December 31, 2011		105,929			26.92		84,539			39.78
Granted		145,508			25.78		32,498			—
Vested		(111,703	)		7.96		(74,845	)		31.17
Cancelled/Forfeited		(30,575	)		42.11		(7,953	)		49.20
Outstanding at December 31, 2012		109,159		$	40.55		34,239		$	49.20

As of December 31, 2012, there was $2.0 million of total unrecognized compensation cost related to performance shares and performance units to be recognized over a weighted average period of 1.8 years.