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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2011
STOCK-BASED COMPENSATION  
Summary of share-based compensation cost by type of program

 

 

 
  Year ended December 31,  
(In thousands)
  2011   2010   2009  

Restricted stock units expense

  $ 6,433   $ 2,784   $ 16,164  

Stock options expense

    225     703     1,497  
               

Before-tax share-based compensation expense

    6,658     3,487     17,661  

Income tax benefit

    (1,755 )   (943 )   (6,245 )
               

After-tax share-based compensation expense

  $ 4,903   $ 2,544   $ 11,416  
               
Summary of stock option activity under all plans

 

 

 
  Year ended December 31, 2011  
 
  Shares   Weighted
Average
Remaining
Contractual
Terms (Years)
  Weighted
Average
Exercise
Price
  Aggregate
Intrinsic Value
 
 
   
   
   
  (In thousands)
 

Outstanding on January 1, 2011

    155,693       $ 340.48        

Exercised

    (1,840 )       21.25        

Expired

    (6,980 )       422.50        

Forfeited

    (14,209 )       743.60        
                       

Outstanding on December 31, 2011

    132,664   5.6 years   $ 297.41   $ 15  
                       

Exercisable as of December 31, 2011

    115,901   5.4 years   $ 337.37   $ 10  

Vested or expected to vest as of December 31, 2011

    132,609   5.6 years   $ 297.53   $ 15  
Summary of information about stock options outstanding by range of exercise prices

 

 

 
  Outstanding   Exercisable  
Range of Exercise Prices
  Shares   Weighted Average
Exercise Price
  Weighted Average
Remaining
Contractual Life
  Shares   Weighted Average
Exercise Price
 

$8.75 to $41.50

    52,468   $ 22.67   7.2 years     35,705   $ 23.39  

$90.50 to $476.00

    33,083     212.42   5.5 years     33,083     212.42  

$510.75 to $1,334.50

    47,113     663.07   4.0 years     47,113     663.07  
                           

Total $8.75 to $1,334.50

    132,664   $ 297.41   5.6 years     115,901   $ 337.37  
                           
Weighted average assumptions used in the Black-Scholes model to estimate the fair value of stock options granted

 

 

 
  Stock option grants
Year Ended December 31,
 
 
  2009  

Assumptions

       

Risk-free interest rate

    2.13 %

Expected life

    6.0 years  

Expected volatility

    101 %

Expected dividend yield

     
Summary of restricted and deferred stock units activity under all plans

 

 

 
  Year ended December 31, 2011  
 
  Shares   Weighted
Average
Remaining
Contractual
Terms (Years)
  Weighted
Average
Grant Date
Fair Value
  Aggregate
Intrinsic Value
 
 
   
   
   
  (In thousands)
 

Outstanding on January 1, 2011

    909,358       $ 10.75        

Granted

    290,003         27.55        

Vested and released

    (399,212 )       10.57        

Forfeited

    (7,334 )       8.75        
                       

Outstanding on December 31, 2011

    792,815   2.3 Years   $ 17.00   $ 15,452  
                       

Vested or expected to vest as of December 31, 2011

    700,019   2.3 Years   $ 15.64   $ 13,643  
Weighted average assumptions used in the Monte Carlo simulation model to estimate the fair value of PRSUs granted

 

 

 
  PRSU grants
Year Ended December 31,
 
 
  2011  

Assumptions

       

Risk-free interest rate

    0.95 %

Expected life

    3.0 years  

Expected volatility

    45 %

Expected dividend yield

     
Summary of the status of the nonvested share activity under all plans

 

 

 
  Year ended December 31, 2011  
 
  Shares   Weighted Average
Grant Date
Fair Value
 

Nonvested on January 1, 2011

    953,654   $ 11.31  

Granted

    290,003   $ 27.55  

Vested

    (437,613 ) $ 12.05  

Forfeited and expired

    (7,334 ) $ 8.75  
             

Nonvested on December 31, 2011

    798,710   $ 16.81