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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2013
STOCK-BASED COMPENSATION  
Schedule of weighted-average assumptions used to estimate the fair value of options granted

 

Three-Months Ended March 31,

 

 

 

2013

 

2012

 

Dividend yield

 

0.0 %

 

0.0 %

 

Expected volatility

 

47.8 %

 

48.3 %

 

Risk-free interest rate

 

0.9 %

 

0.9 %

 

Expected term

 

5.4 Years

 

5.5 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

 

Outstanding at January 1, 2013

 

14,000

 

$

12.12

 

4.1

 

$

572,530

 

Granted

 

636

 

$

47.36

 

 

 

 

 

Exercised

 

(117)

 

$

20.27

 

 

 

 

 

Cancelled or forfeited

 

(113)

 

$

25.55

 

 

 

 

 

Outstanding at March 31, 2013

 

14,406

 

$

13.51

 

4.1

 

$

497,761

 

Vested and expected to vest in the future at March 31, 2013

 

13,999

 

$

12.75

 

4.0

 

$

493,506

 

Exercisable at March 31, 2013

 

11,037

 

$

8.36

 

3.1

 

$

434,897

 

 

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, 2013

 

637

 

 

$

46.97

 

Granted

 

8

 

 

$

50.89

 

Vested

 

(18)

 

 

$

57.45

 

Forfeited/cancelled

 

(6)

 

 

$

60.11

 

Non-vested at March 31, 2013

 

621

 

 

$

46.58