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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2011
STOCK-BASED COMPENSATION 
Schedule of weighted-average assumptions used to estimate the fair value of options granted

 

 

 

 

Three-Months Ended September 30,

 

Nine-Months Ended September 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

Dividend yield

 

0.0 %

 

0.0 %

 

0.0 %

 

0.0 %

 

Expected volatility

 

52.7 %

 

58.2 %

 

54.1 %

 

58.9 %

 

Risk-free interest rate

 

1.3 %

 

1.7 %

 

1.7 %

 

2.1 %

 

Expected term

 

5.7 Years

 

5.9 Years

 

5.9 Years

 

5.8 Years

 

Summary of activities with respect to its stock option plans

 

 

Options

 

Number of
Shares (In
Thousands)

 

Weighted-
Average
Exercise
Price Per
Share

 

Weighted-
Average
Remaining
Contractual
Term (In
Years)

 

Aggregate
Intrinsic
Value

 

Balance at January 1, 2011

 

9,749

 

 

$

17.18

 

5.2

 

$

342,241

 

Granted 01/01/11 - 03/31/11

 

59

 

 

$

57.61

 

 

 

 

 

Granted 04/01/11 - 06/30/11

 

52

 

 

$

70.00

 

 

 

 

 

Granted 07/01/11 - 09/30/11

 

55

 

 

$

80.90

 

 

 

 

 

Exercised

 

(524

)

 

$

34.03

 

 

 

 

 

Cancelled or forfeited

 

(66

)

 

$

37.25

 

 

 

 

 

Outstanding at September 30, 2011

 

9,325

 

 

$

17.02

 

4.4

 

$

655,335

 

Vested and expected to vest in the future at September 30, 2011

 

8,972

 

 

$

16.06

 

4.2

 

$

639,106

 

Exercisable at September 30, 2011

 

6,959

 

 

$

9.43

 

3.2

 

$

541,884

Summary of activities with respect to non-vested restricted stock awards and non-vested restricted stock units

 

 

 

 

Number of
Shares (in
thousands)

 

Weighted
Average
Grant-Date
Fair Value

 

Non-vested at January 1, 2011

 

6

 

 

$

38.40

 

 

Granted 01/01/11 - 03/31/11

 

-

 

 

$

-    

 

 

Granted 04/01/11 - 06/30/11

 

28

 

 

$

71.76

 

 

Granted 07/01/11 - 09/30/11

 

328

 

 

$

84.08

 

 

Vested

 

(8

)

 

$

69.66

 

 

Forfeited/cancelled

 

-

 

 

 

$

-    

 

 

Non-vested at September 30, 2011

 

354

 

 

 

$

83.19