Stock-Based Compensation

9 Months Ended

Sep. 30, 2011

Stock-Based Compensation [Abstract]

Stock-Based Compensation

11. Stock-Based Compensation

In April 2010, our shareholders approved the 2010 Long-Term Incentive Plan (the “Plan”). The Plan’s purpose is to promote the Company’s and the shareholders’ long-term financial interests by attracting, retaining and motivating high-quality, key employees and directors and aligning their interests with those of the Company’s shareholders. The Plan reserves 5,000,000 shares of common stock to be issued for grants of several different types of long-term incentives including stock options, stock appreciation rights, deferred stock units, restricted shares, performance shares, other common-stock-based awards, and dividend equivalent rights. No future grants may be made under previous incentive plans. However, any outstanding awards or grants made under these plans will continue until the end of their specified terms.

The stock-based compensation transactions in equity consisted of the following for the nine months ended September 30, 2011:

	Common Shares in Treasury
	Shares			Amount			Paid-in Capital
	(In thousands)
Stock options		(208	)	$	5,189		$	(478	)
Deferred stock units		(80	)		2,013			(1,559	)
Restricted shares		(126	)		3,427			(2,243	)
Performance shares		37			(537	)		462
Directors’ deferred compensation, net		—			591			(591	)
Preferred stock conversions		—			—			—
Total		(377	)	$	10,683		$	(4,409	)