2.2.0.25falsefalse1021 - Disclosure - STOCK-BASED COMPENSATIONtruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010
USD ($) / shares
USD ($)
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<p style="MARGIN-TOP: 8px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" color="#4F4E95" size="1"><b>Note 14 –
STOCK-BASED COMPENSATION</b></font></p>
<p style="MARGIN-TOP: 4px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="1">On April 27, 2010, shareholders
of the company approved the 2010 Stock Incentive Plan (2010 Plan)
to provide equity awards to key employees and directors. The 2010
Plan provides for the granting of up to 3,000,000 common shares in
the form of stock appreciation rights, restricted and unrestricted
shares and share units (collectively referred to as
“full-value awards”), and options to buy common shares,
of which no more than 1,500,000 can be settled as full-value
awards. After the 1,500,000 limit has been reached, full-value
awards are counted in a 3-to-1 ratio against the 3,000,000 limit.
Options become exercisable 50% one year after date of grant, 75%
after two years, 100% after three years and expire 10 years after
grant. The 2010 Plan terminates with respect to new grants by its
own terms on April 1, 2015.</font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font size="1"> </font></p>
<p style="MARGIN-TOP: 8px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="1">Previously, the company utilized the
2005 Stock Incentive Plan (2005 Plan) to provide equity awards to
key employees and directors. The 2005 Plan provided for the
granting of up to 4,000,000 common shares in the form of full-value
awards and options to buy common shares. Options became exercisable
50% one year after date of grant, 75% after two years, 100% after
three years and expire 10 years after grant. The 2005 Plan
terminated with respect to new grants by its own terms on
April 1, 2010.</font></p>
<p style="MARGIN-TOP: 8px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="1">The 2010 Plan and 2005 Plan each
provide for nonemployee directors of the company to receive an
automatic annual grant of restricted share units worth
approximately $0.1 million based on the fair market value of the
company’s common shares on the date of each annual meeting of
shareholders. A pro-rata number of restricted share units are
granted to directors appointed between annual meetings of
shareholders. All of these restricted share units vest on the date
of the next annual meeting of shareholders. The fair value of
restricted share units is based on the closing price of the
company’s common shares on the date of grant. The company
granted 7,425, 15,439 and 10,152 restricted share units under the
2010 Plan and 2005 Plan during 2010, 2009 and 2008,
respectively.</font></p>
<p style="MARGIN-TOP: 8px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="1">Under the company’s long-term
incentive program, dollar-based target awards for three-year
performance periods are determined by the organization and
compensation committee of the board of directors. The target awards
correspond to pre-determined three-year cumulative earnings per
share growth rates. The dollar-based target awards are converted
into a combination of stock options and performance-based share
units based on the fair value of the respective awards on the date
of grant.</font></p>
<p style="MARGIN-TOP: 8px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="1">Options outstanding as of
December 31, 2010, and changes during the year ended
December 31, 2010, were as follows:</font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px">
 </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="83%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
 <font size="1"> </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1">  </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: ARIAL" size="1"><b>Shares<br />
Underlying<br />
Options</b></font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: ARIAL" size="1"><b>Weighted-<br />
Average<br />
Exercise<br />
Price</b></font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1"> </font></td>
</tr>
<tr bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">Outstanding, January 1,
2010</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">2,160,852</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">37.23</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">Granted</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">91,800</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">78.18</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">Exercised</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">(745,011</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">) </font></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">36.38</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">Expired</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">(1,000</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">) </font></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">28.13</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td style="BORDER-TOP: #000000 1px solid" valign="bottom">
 </td>
<td style="BORDER-TOP: #000000 1px solid" valign="bottom">
 </td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">Outstanding, December 31,
2010</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">1,506,641</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">40.16</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td style="BORDER-TOP: #000000 3px double" valign="bottom">
 </td>
<td style="BORDER-TOP: #000000 3px double" valign="bottom">
 </td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">Options exercisable,
December 31, 2010</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">1,155,041</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">38.55</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td style="BORDER-TOP: #000000 3px double" valign="bottom">
 </td>
<td style="BORDER-TOP: #000000 3px double" valign="bottom">
 </td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
</table>
<p style="MARGIN-TOP: 8px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="1">The aggregate intrinsic value of
options outstanding at December 31, 2010, based on the
company’s closing stock price on the last trading day of
2010, which would have been received by the option holders had all
options been exercised on that date, was $100.5 million. The
aggregate intrinsic value of options exercisable at
December 31, 2010, based on the company’s closing stock
price on the last trading day of 2010, which would have been
received by the option holders had all exercisable options been
exercised on that date, was $78.9 million. The total intrinsic
value of stock options exercised was $39.5 million, $28.1 million
and $3.2 million during 2010, 2009 and 2008, respectively.
Intrinsic value is the amount by which the company’s closing
share price exceeds the exercise price of the options multiplied by
the number of in-the-money options.</font></p>
<p style="MARGIN-TOP: 8px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="1">The following table summarizes
information about stock options outstanding at December 31,
2010:</font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px">
 </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="57%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="10" align="center"><font style="FONT-FAMILY: ARIAL" size="1"><b>Options Outstanding</b></font></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center"><font style="FONT-FAMILY: ARIAL" size="1"><b>Options Exercisable</b></font></td>
<td valign="bottom"><font size="1"> </font></td>
</tr>
<tr>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1"><b>Range
of Exercise Prices</b></font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1">  </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: ARIAL" size="1"><b>Number<br />
Outstanding</b></font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1">  </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: ARIAL" size="1"><b>Weighted-<br />
Average<br />
Remaining<br />
Contractual<br />
Life</b></font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1">  </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: ARIAL" size="1"><b>Weighted-<br />
Average<br />
Exercise<br />
Price</b></font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1">  </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: ARIAL" size="1"><b>Number<br />
Exercisable</b></font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1">  </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: ARIAL" size="1"><b>Weighted-<br />
Average<br />
Exercise<br />
Price</b></font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1"> </font></td>
</tr>
<tr bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">$ 20 –
$ 30</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">346,100</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">8.2 years</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 27.77</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">138,050</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 27.77</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">$ 30 –
$ 40</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">641,466</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">2.5 years</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 33.88</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">641,466</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 33.88</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">$ 40 –
$ 50</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">153,100</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">5.0 years</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 43.07</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">153,100</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 43.07</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">$ 50 –
$ 60</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">274,175</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">6.7 years</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 56.12</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">222,425</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 55.58</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">$ 70 –
$ 80</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">91,800</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">9.2 years</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 78.18</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">–   </font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> –   </font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td style="BORDER-TOP: #000000 1px solid" valign="bottom">
 </td>
<td style="BORDER-TOP: #000000 1px solid" valign="bottom">
 </td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td style="BORDER-TOP: #000000 1px solid" valign="bottom">
 </td>
<td style="BORDER-TOP: #000000 1px solid" valign="bottom">
 </td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr>
<td valign="top"></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">1,506,641</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">1,155,041</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td style="BORDER-TOP: #000000 3px double" valign="bottom">
 </td>
<td style="BORDER-TOP: #000000 3px double" valign="bottom">
 </td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td style="BORDER-TOP: #000000 3px double" valign="bottom">
 </td>
<td style="BORDER-TOP: #000000 3px double" valign="bottom">
 </td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
</table>
<p style="MARGIN-TOP: 8px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="1">The weighted-average remaining
contractual term of options outstanding and exercisable at
December 31, 2010, was 5.3 years and 4.3 years,
respectively.</font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font size="1"> </font></p>
<p style="MARGIN-TOP: 8px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="1">The fair value of stock options are
estimated using the Black-Scholes option pricing model. There were
91,800, 438,600 and 253,100 stock options granted during 2010, 2009
and 2008, respectively. Options under the 2005 Plan have been
granted to employees at fair market value at the date of grant. The
weighted-average assumptions used to value the stock options
granted during 2010, 2009 and 2008 were as follows:</font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px">
 </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="80%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
 <font size="1"> </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1">  </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: ARIAL" size="1"><b>2010</b></font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1">  </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: ARIAL" size="1"><b>2009</b></font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1">  </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: ARIAL" size="1"><b>2008</b></font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1"> </font></td>
</tr>
<tr bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">Risk-free interest rate</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">3.3%</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">2.8%</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">3.5%</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">Dividend yield</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">1.6%</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">4.5%</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">2.1%</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">Expected volatility</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">30.3%</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">27.9%</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">20.0%</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">Expected life (years)</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">6.5</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">6.5</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">6.5</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">Weighted-average fair value of
options granted during the year</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 23.84</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 5.03</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 12.27</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
</table>
<p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="1">The fair value of performance-based
share units is based on the closing price of the company’s
common shares on the date of grant. The company granted 106,500,
290,520 and 116,990 performance-based share units during 2010, 2009
and 2008, respectively. There are no voting or dividend rights
associated with the performance-based share units until the end of
the performance period and a distribution of shares, if any, is
made. Nonvested performance-based share units at December 31,
2010, and changes during the year ended December 31, 2010,
were as follows:</font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px">
 </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="84%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
 <font size="1"> </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1">  </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: ARIAL" size="1"><b>Share<br />
Units</b></font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: ARIAL" size="1"><b>Weighted-<br />
Average<br />
Grant Date<br />
Fair Value</b></font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1"> </font></td>
</tr>
<tr bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">Nonvested at January 1,
2010</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">774,578 </font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 36.15</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 2em"><font style="FONT-FAMILY: ARIAL" size="1">Granted</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">106,500 </font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 78.18</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 2em"><font style="FONT-FAMILY: ARIAL" size="1">Performance increase</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">106,500 </font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 78.18</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 2em"><font style="FONT-FAMILY: ARIAL" size="1">Vested</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">(127,760</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">) </font></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 58.45</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 2em"><font style="FONT-FAMILY: ARIAL" size="1">Forfeited</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">(4,684</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">) </font></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 42.14</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td style="BORDER-TOP: #000000 1px solid" valign="bottom">
 </td>
<td style="BORDER-TOP: #000000 1px solid" valign="bottom">
 </td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">Nonvested at December 31,
2010</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">855,134 </font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 43.25</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td style="BORDER-TOP: #000000 3px double" valign="bottom">
 </td>
<td style="BORDER-TOP: #000000 3px double" valign="bottom">
 </td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
</table>
<p style="MARGIN-TOP: 8px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="1">The following table identifies the
number of performance-based share units expected to be issued based
on current expectations of performance at December 31,
2010:</font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px">
 </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="83%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1"><b>Performance Period</b></font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1">  </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: ARIAL" size="1"><b>Expected<br />
Number of<br />
Units<br />
to be Issued</b></font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1">  </font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: ARIAL" size="1"><b>Weighted-<br />
Average<br />
Grant Date<br />
Fair Value</b></font></td>
<td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<font size="1"> </font></td>
</tr>
<tr bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">2008 – 2010</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">211,240</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 58.45</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">2009 – 2011</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">559,814</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 27.77</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
<tr bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: ARIAL" size="1">2010 – 2012</font></p>
</td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">211,840</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1"> 78.18</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
</tr>
</table>
<p style="MARGIN-TOP: 8px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="1">The company is using previously
purchased treasury shares for all net shares issued for option
exercises and performance-based and restricted share units. During
the year ended December 31, 2010, the award for the 2007-2009
performance period was distributed resulting in the issuance of
213,960 shares and the deferral of 20,576 shares into a deferred
compensation plan. During the year ended December 31, 2009,
the award for the 2006-2008 performance period was distributed
resulting in the issuance of 172,381 common shares and the deferral
of 112,411 common shares into a deferred compensation plan. During
the year ended December 31, 2008, the award for the 2005-2007
performance period was distributed resulting in the issuance of
134,578 shares and the deferral of 96,969 shares into a deferred
compensation plan.</font></p>
<p style="MARGIN-TOP: 8px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="1">The terms of the performance-based
share units granted to international employees state that payment
will be in cash at the end of the performance period. As such,
liability accounting is used for these awards and compensation
expense is calculated based on the company’s common share
price. In addition, some international employees received
stock-based awards in prior years that are similar to stock
appreciation rights. The value of these awards is based on the
company’s common share price and is paid in cash upon
exercise. A portion of these awards has expiration dates through
2014, while the remainder expires upon retirement. At
December 31, 2010, the unexercised portion of these fully
vested awards was accounted for as a liability. Compensation
expense (credits) recognized in the consolidated statements of
operations related to these stock-based liability awards was $6.5
million, $10.4 million and $(3.7) million during 2010, 2009 and
2008, respectively.</font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font size="1"> </font></p>
<p style="MARGIN-TOP: 8px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: ARIAL" size="1">Total stock-based compensation
expense recognized in the consolidated statements of operations was
$25.8 million, $31.8 million and $7.6 million during 2010, 2009 and
2008, respectively. The related tax benefit was $9.0 million, $11.1
million and $2.6 million during 2010, 2009 and 2008, respectively.
Based on the grant date fair value of the awards and the
company’s common share price at December 31, 2010, there
was $21.6 million of total pre-tax unrecognized compensation cost
related to all stock-based awards that were not vested. That cost
is expected to be recognized over a weighted-average period of 1.6
years.</font></p>
</div>Note 14 –
STOCK-BASED COMPENSATION
On April 27, 2010, shareholders
of the company approved the 2010 Stock Incentive Plan (2010 Plan)
to providefalsefalsefalsefalsefalse | Otherus-types:textBlockItemTypestringDisclosure of components of a stock option or other award plan under which share-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from share-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from share-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
falsefalse
11STOCK-BASED COMPENSATIONUnKnownUnKnownUnKnownUnKnownfalsetrue