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Equity (Tables)
12 Months Ended
Dec. 31, 2011
Equity  
Schedule of stock option activity

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Weighted
Average

 

Remaining
Contractual

 

Aggregate
Intrinsic

 

 

 

Options

 

Exercise Price

 

Term (in years)

 

Value

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at December 31, 2008

 

11,229,837

 

$

25.82

 

6.69

 

 

 

Options granted

 

3,736,500

 

32.01

 

 

 

 

 

Options exercised

 

(2,029,874

)

12.55

 

 

 

 

 

Options forfeited

 

(232,160

)

35.89

 

 

 

 

 

Options outstanding at December 31, 2009

 

12,704,303

 

29.58

 

7.16

 

 

 

Options granted

 

2,602,500

 

43.00

 

 

 

 

 

Options exercised

 

(2,331,429

)

19.99

 

 

 

 

 

Options forfeited

 

(269,050

)

37.18

 

 

 

 

 

Options outstanding at December 31, 2010

 

12,706,324

 

33.93

 

7.18

 

 

 

Options granted

 

2,551,350

 

53.45

 

 

 

 

 

Options exercised

 

(1,037,674

)

25.14

 

 

 

 

 

Options forfeited

 

(203,100

)

39.75

 

 

 

 

 

Options outstanding at December 31, 2011

 

14,016,900

 

38.00

 

6.89

 

$

125,067

 

Vested and non-vested expected to vest at December 31, 2011

 

13,066,583

 

37.57

 

6.79

 

$

120,850

 

Exercisable at December 31, 2011

 

6,380,324

 

$

31.48

 

5.41

 

$

89,316

 

Summary of status of non-vested options and changes during the year

 

 

 

 

Options

 

Weighted Average Fair
Value at Grant Date

 

 

 

 

 

 

 

Non-vested options at December 31, 2010

 

7,623,976

 

$

12.78

 

Options granted

 

2,551,350

 

14.19

 

Options vested

 

(2,335,650

)

12.23

 

Options forfeited

 

(203,100

)

13.00

 

Non-vested options at December 31, 2011

 

7,636,576

 

$

13.41

 

Summary of activity in the option plans

 

 

 

 

2011

 

2010

 

2009

 

Total intrinsic value of stock options exercised

 

$

29,697

 

$

67,841

 

$

56,900

 

Total fair value of stock options vested

 

28,563

 

23,714

 

17,360

 

 

Schedule of after-tax components comprising accumulated other comprehensive loss included in shareholders' equity

 

 

 

 

Foreign Currency
Translation
Adjustment

 

Revaluation of
Derivatives

 

Defined Benefit
Plan Liability
Adjustment

 

Accumulated
Other Comprehensive
Income
(Loss)

 

 

 

 

 

 

 

 

 

 

 

Balance at January 1, 2009

 

$

348

 

$

(15,717

)

$

(125,222

)

$

(140,591

)

Translation adjustments

 

23,793

 

 

 

23,793

 

Revaluation of interest rate derivatives, net of tax of $7,843

 

 

13,354

 

 

13,354

 

Defined benefit plan liability adjustment, net of tax of $1,970

 

 

 

3,354

 

3,354

 

Balance at December 31, 2009

 

24,141

 

(2,363

)

(121,868

)

(100,090

)

Translation adjustments

 

17,465

 

 

 

17,465

 

Revaluation of interest rate derivatives, net of tax of $1,486

 

 

2,363

 

 

2,363

 

Defined benefit plan liability adjustment, net of tax of $2,639

 

 

 

(4,495

)

(4,495

)

Balance at December 31, 2010

 

41,606

 

 

(126,363

)

(84,757

)

Translation adjustments

 

(10,154

)

 

 

(10,154

)

Revaluation of forward contract derivatives, net of tax of $173

 

 

(287

)

 

(287

)

Defined benefit plan liability adjustment, net of tax of $12,959

 

 

 

(24,859

)

(24,859

)

Balance at December 31, 2011

 

$

31,452

 

$

(287

)

$

(151,222

)

$

(120,057

)