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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2013
STOCK-BASED COMPENSATION  
Schedule of weighted-average assumptions used to estimate the fair value of options granted

 

 

 

 

Three-Months Ended June 30,

 

Six-Months Ended June 30,

 

 

2013

 

2012

 

2013

 

2012

Dividend yield

 

0.0 %

 

0.0 %

 

0.0 %

 

0.0 %

Expected volatility

 

48.1 %

 

47.6 %

 

47.9 %

 

48.1 %

Risk-free interest rate

 

1.0 %

 

0.9 %

 

0.9 %

 

0.9 %

Expected term

 

6.1 Years

 

5.4 Years

 

5.7 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 01/01/13 - 03/31/13

 

636

 

$

 47.36

 

 

 

 

Granted 04/01/13 - 06/30/13

 

450

 

$

 54.00

 

 

 

 

Exercised

 

(1,818)

 

$

 8.96

 

 

 

 

Cancelled or forfeited

 

(155)

 

$

 27.10

 

 

 

 

Outstanding at June 30, 2013

 

13,113

 

$

 15.53

 

4.2

 

$

 594,437

Vested and expected to vest in the future at June 30, 2013

 

12,698

 

$

 14.63

 

4.1

 

$

 586,995

Exercisable at June 30, 2013

 

10,039

 

$

 9.04

 

3.0

 

$

 519,980

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 01/01/13 - 03/31/13

 

8

 

  $

 50.89

Granted 04/01/13 - 06/30/13

 

15

 

  $

 54.64

Vested

 

(46)

 

  $

 51.96

Forfeited/cancelled

 

(6)

 

  $

 60.11

Non-vested at June 30, 2013

 

608

 

  $

 46.69