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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Schedule Of Risk Free Interest Rate

 

 

 

 

 

 

Assumptions

2012

 

2011

 

2010

Risk-free interest rate

0.6% 

 

0.9% 

 

2.0% 

Expected dividend yield

 

 

Expected volatility

58.2% 

 

58.1% 

 

60.1% 

Expected term

5 years

 

5 years

 

5 years

 

Summary of Stock Option Activity, Options Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

 

Average

 

 

 

 

Average

 

 

Number

 

 

Exercise

 

Number

 

 

Exercise

 

Number

 

 

Exercise

 

 

of Shares

 

 

Price

 

of Shares

 

 

Price

 

of Shares

 

 

Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at January 1

 

4,741,732 

 

$

21.24 

 

4,769,122 

 

$

16.13 

 

5,649,233 

 

$

11.59 

Granted

 

613,120 

 

 

34.34 

 

853,478 

 

 

36.64 

 

446,895 

 

 

37.05 

Exercised

 

(1,607,784)

 

 

5.71 

 

(850,659)

 

 

7.54 

 

(1,293,046)

 

 

3.01 

Forfeited or expired

 

(97,548)

 

 

37.76 

 

(30,209)

 

 

35.46 

 

(33,960)

 

 

35.26 

Options outstanding at December 31

 

3,649,520 

 

$

29.84 

 

4,741,732 

 

$

21.24 

 

4,769,122 

 

$

16.13 

 

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding

 

Options Exercisable

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

Options

 

 

Weighted

 

Remaining

 

 

Aggregate

 

Options

 

 

Weighted

 

Remaining

 

 

Aggregate

 

 

Outstanding at

 

 

Average

 

Contractual

 

 

Intrinsic

 

Exercisable at

 

 

Average

 

Contractual

 

 

Intrinsic

Range of

 

December 31,

 

 

Exercise

 

Life

 

 

Value

 

December 31,

 

 

Exercise

 

Life

 

 

Value

Exercise Prices

 

2012

 

 

Price

 

(Years)

 

 

(thousands)

 

2012

 

 

Price

 

(Years)

 

 

(thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$1.43 - $3.10

 

465,772 

 

$

2.64 

 

0.9 

 

 

 

 

465,772 

 

$

2.64 

 

0.9 

 

 

 

$16.75 - $29.69

 

553,756 

 

 

24.32 

 

1.7 

 

 

 

 

541,606 

 

 

24.24 

 

1.6 

 

 

 

$30.23 - $35.91

 

1,175,749 

 

 

33.04 

 

5.2 

 

 

 

 

505,485 

 

 

31.30 

 

3.1 

 

 

 

$36.22 - $39.68

 

1,062,788 

 

 

36.77 

 

5.5 

 

 

 

 

493,943 

 

 

36.75 

 

5.3 

 

 

 

$40.15 - $51.47

 

391,455 

 

 

41.60 

 

4.0 

 

 

 

 

365,732 

 

 

41.49 

 

3.9 

 

 

 

 

 

3,649,520 

 

$

29.84 

 

4.1 

 

$

20,521 

 

2,372,538 

 

$

26.77 

 

2.9 

 

$

20,437 

 

Summary of Restricted Stock Activity and Unvested Shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

 

Average

 

 

 

 

Average

 

 

Number

 

 

Grant Date

 

Number

 

 

Grant Date

 

Number

 

 

Grant Date

 

 

of Shares

 

 

Fair Value

 

of Shares

 

 

Fair Value

 

of Shares

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unvested shares at January 1

 

1,019,737 

 

$

36.71 

 

834,058 

 

$

36.24 

 

794,529 

 

$

33.70 

Granted

 

537,244 

 

 

34.39 

 

532,754 

 

 

36.41 

 

390,415 

 

 

36.46 

Vested

 

(344,164)

 

 

36.50 

 

(294,358)

 

 

34.90 

 

(319,894)

 

 

30.45 

Forfeited

 

(95,302)

 

 

36.97 

 

(52,717)

 

 

36.45 

 

(30,992)

 

 

33.54 

Unvested shares at December 31

 

1,117,515 

 

$

35.64 

 

1,019,737 

 

$

36.71 

 

834,058 

 

$

36.24 

 

Stock Options [Member]
 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Text Block]

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

Stock-based compensation cost related to stock options – general and administrative expense

$

5,427 

 

$

4,959 

 

$

4,706 

Stock-based compensation cost related to stock options – capitalized

$

4,468 

 

$

3,365 

 

$

2,679 

 

Restricted Stock [Member]
 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Text Block]

 

 

 

 

 

 

 

 

 

 

 

2012

 

 

2011

 

 

2010

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

Stock-based compensation cost related to restricted stock grants

– general and administrative expense

$

6,368 

 

$

5,591 

 

$

5,114 

Stock-based compensation cost related to restricted stock grants

– capitalized

$

5,994 

 

$

5,162 

 

$

4,107