XML 105 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2011
Employee Benefit and Other Plans [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following table summarizes information related to our common stock options under the Stock Option Plans:
 
 
Number of Stock Options
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual Term
(in years)
 
Aggregate Intrinsic Value
(in millions)
Options outstanding at January 1, 2011
 
5,604,916

 
$
13.69

 
 
 
 
Granted
 
1,406,108

 
$
13.12

 
 
 
 
Exercised
 
(462,369
)
 
$
8.18

 
 
 
 
Canceled / Forfeited
 
(1,211,726
)
 
$
9.56

 
 
 
 
Options outstanding at December 31, 2011
 
5,336,929

 
$
12.84

 
6.23

 
$
2.3

Vested or expected to vest at December 31, 2011
 
2,202,681

 
$
11.55

 
7.13

 
$
1.0

Options exercisable at December 31, 2011
 
2,553,822

 
$
14.30

 
5.23

 
$
1.1

Schedule of Weighted-Average Value per Granted Option

The following information is provided for our stock options:
 
For the year ended December 31,
 
2011
 
2010
 
2009
 
(in millions, except grant date fair value)
Weighted-average grant date fair value
$
6.65

 
$
5.73

 
$
6.77

Intrinsic value of stock options exercised
$
3.0

 
$
7.2

 
$
0.1

Net cash proceeds from exercise of stock options
$
3.7

 
$
10.9

 
$
0.6

Schedule of Nonvested Share Activity
Non-vested Shares: The status of our non-vested shares, which include restricted stock units and other share based awards, as of December 31, 2011 was as follows:
 
Number of Shares
 
Weighted Average Fair Value
Non-vested shares at January 1, 2011
320,325

 
$
10.40

Granted
124,726

 
$
13.30

Vested
(175,281
)
 
$
11.35

Canceled / Forfeited
(44,800
)
 
$
9.18

Non-vested shares at December 31, 2011
224,970

 
$
11.51

Schedule of Weighted Average of Assumptions Used
In computing the share-based compensation, the following is a weighted average of the assumptions used:
 
 
Risk-Free
 
Expected Life
 
Expected
 
Expected
 
 
Interest Rate
 
at Issuance
 
Volatility
 
Dividends
Options granted in the following periods:
 
 
 
 
 
 
 
 
2011
 
1.8
%
 
5.14 years
 
56.7
%
 
None
2010
 
2.8
%
 
6.6 years
 
58.4
%
 
None
2009
 
3.0
%
 
6.7 years
 
60.3
%
 
None
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The total compensation costs recognized were as follows:
 
For the year ended December 31,
 
2011
 
2010
 
2009
 
(in millions)
Share-based compensation expense
$
6.6

 
$
6.1

 
$
13.5

Schedule of Benefit Obligations
. The total obligation under the Executive Plan and the cash surrender value of insurance policies are as follow:
 
December 31,
 
2011
 
2010
 
(in millions)
Total obligation under Executive Plan (a)
$
7.5

 
$
9.3

Cash surrender value of insurance policies (b)
$
(2.2
)
 
$
(2.2
)
(a)
Recorded in "Other Long-Term Liabilities" in the Consolidated Balance Sheets.
(b)
Recorded in "Other assets, net" in the Consolidated Balance Sheets.