Share-Based Compensation

6 Months Ended

Jun. 30, 2014

(3)	Share-Based Compensation

We have several stockholder-approved stock incentive plans for our employees and directors. We currently have four types of share-based awards outstanding under these plans: stock options, restricted stock units, restricted stock, and performance share units (beginning in June 2014). Performance share units have a multi-year performance period and vest four years from the grant date. We believe that our share-based awards align the interests of our employees and directors with those of our stockholders.

For the three and six months ended June 30, 2014, we recognized share-based compensation costs of $1.9 million and $3.6 million, respectively. For the three and six months ended June 30, 2013, we recognized share-based compensation costs of $1.9 million and $3.5 million, respectively.

A summary of our stock options as of June 30, 2014 and changes during the six months then ended is presented below:

	Shares (000s)			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (years)		Aggregate Value ($000s)
Stock Options
Outstanding at January 1, 2014		4,325		$	15.09
Granted		98			16.60
Exercised		(106	)		12.39
Forfeited		(59	)		13.00
Expired		(28	)		33.49
Outstanding at June 30, 2014		4,230			15.09		6.04		$	20,135
Exercisable at June 30, 2014		2,441		$	17.72		4.62		$	9,335

The weighted-average grant-date fair value of stock options granted during the three and six months ended June 30, 2014 was $9.10 and $9.05, respectively.

The following table shows a summary of our restricted stock, restricted stock units and performance share units ("nonvested shares") as of June 30, 2014, as well as activity during the six months then ended:

	Restricted Stock and Restricted Stock Units					Performance Share Units
Nonvested Shares	Shares (000s)			Weighted- Average Grant Date Fair Value		Shares (000s)		Weighted- Average Grant Date Fair Value
Nonvested at January 1, 2014		841		$	10.44		—	$	—
Granted		264			16.71		303		14.74
Vested		(160	)		10.92		—		—
Forfeited		(21	)		11.16		—		—
Nonvested at June 30, 2014		924		$	12.14		303	$	14.74

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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