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Stock compensation (Tables)
3 Months Ended
Mar. 31, 2013
Stock compensation  
Schedule of valuation assumptions used for valuation of fair value of stock compensation granted

 

 

 

 

Employee Stock
Options For the
Three Months
Ended

 

Employee Stock
Purchase Plan For the
Three Months
Ended

 

 

 

March 31,

 

March 31,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Average risk-free interest rates

 

0.55

%

0.47

%

0.25

%

0.33

%

Average expected life (in years)

 

4.21

 

3.81

 

0.25

 

0.25

 

Volatility

 

47

%

58

%

44

%

44

%

Weighted-average fair value (in dollars)

 

6.95

 

7.71

 

3.26

 

3.21

 

Schedule of activity summarized under all stock option plans

 

 

 

 

Shares
Available for
Grant

 

Number
Outstanding

 

Weighted
Average
Exercise
Price per
Share

 

Balance at December 31, 2012

 

5,406,277

 

21,816,611

 

$

12.05

 

Options granted

 

(4,577,500

)

4,577,500

 

18.31

 

Options exercised

 

 

(2,067,375

)

8.60

 

Options cancelled

 

117,789

 

(118,073

)

16.69

 

Balance at March 31, 2013

 

946,566

 

24,208,663

 

$

13.51

 

Exercisable, March 31, 2013

 

 

14,640,252

 

$

10.70