Stock Compensation Plan

12 Months Ended

Dec. 31, 2011

Stock Compensation Plan [Abstract]

Stock Compensation Plan

16.    STOCK COMPENSATION PLAN

Revlon, Inc. maintains the the Stock Plan, which provides for awards of stock options, stock appreciation rights, restricted or unrestricted stock and restricted stock units to eligible employees and directors of Revlon, Inc. and its affiliates, including Products Corporation.

Stock options:

Non-qualified stock options granted under the Stock Plan are granted at prices that equal or exceed the fair market value of Class A Common Stock on the grant date and have a term of 7 years (option grants under the Stock Plan prior to June 4, 2004 have a term of 10 years). Option grants generally vest over service periods that range from 1 year to 4 years.

Total net stock option compensation expense includes amounts attributable to the granting of, and the remaining requisite service period of, stock options issued under the Stock Plan, which awards were unvested at January 1, 2006 or granted on or after such date. Net stock option compensation expense was nil for both the years ended December 31, 2011 and 2010 and was $0.2 million, or $0.01 per share for both basic and diluted earnings per share, for the year ended December 31, 2009. As of December 31, 2011, there was no remaining unrecognized stock option compensation expense as all stock options were fully vested as of December 31, 2009.

At December 31, 2011, 2010 and 2009 there were 264,509; 987,886; and 1,231,337 stock options exercisable under the Stock Plan, respectively.

A summary of stock option activity for the years ended December 31, 2011, 2010 and 2009 is presented below:

	Stock Options (000's)		Weighted Average Exercise  Price
Outstanding at January 1, 2009		1,405.5	$	36.76
Forfeited and expired		(174.2)		62.14
Outstanding at December 31, 2009		1,231.3		33.17
Forfeited and expired		(243.4)		39.22
Outstanding at December 31, 2010		987.9		31.68
Forfeited and expired		(723.4)		31.92
Outstanding at December 31, 2011		264.5		31.02

The following table summarizes significant ranges of the Stock Plan's stock options outstanding and exercisable at December 31, 2011:

	Outstanding and Exercisable
Range of Exercise Prices	Number of Options (000's)		Weighted Average Years Remaining		Weighted Average Exercise Price		Aggregate Intrinsic Value
$25.50 to $30.00		160,512		0.28	$	25.61		-
30.01 to 62.50		103,997		0.73		39.37		-
25.50 to 62.50		264,509		0.46		31.02		-

Restricted stock awards and restricted stock units:

The Stock Plan allows for awards of restricted stock and restricted stock units to employees and directors of Revlon, Inc. and its affiliates, including Products Corporation. The restricted stock awards granted under the Stock Plan vest over service periods that generally range from 1.5 years to 3 years. There were no restricted stock awards granted in 2011 or 2010. In 2009, Revlon, Inc. granted 33,500 shares of restricted stock and restricted stock units under the Stock Plan with a weighted average fair value per unit of $4.39, based on the market price of Class A Common Stock on each grant date. At December 31, 2011, 2010 and 2009 there were 257,372, 690,689 and 1,141,428 shares, respectively, of restricted stock and restricted stock units outstanding and unvested under the Stock Plan.

A summary of the restricted stock and restricted stock units activity for the years ended December 31, 2011, 2010 and 2009 is presented below:

	Restricted Stock (000's)			Weighted Average Grant Date  Fair Value
Outstanding at January 1, 2009		1,643.7		$	9.65
Granted		33.5			4.39
Vested (a)		(373.0	)		13.13
Forfeited		(162.8	)		8.83
Outstanding at December 31, 2009		1,141.4			8.48
Vested (a)		(430.2	)		8.94
Forfeited		(20.5	)		8.13
Outstanding at December 31, 2010		690.7			8.20
Vested (a)		(419.5	)		8.95
Forfeited		(13.8	)		7.15
Outstanding at December 31, 2011		257.4			7.04

^(a)  Of the amounts vested during 2011, 2010 and 2009, 138,433; 147,161; and 129,224 shares, respectively, were withheld by the Company to satisfy certain grantees' minimum withholding tax requirements, which withheld shares became Revlon, Inc. treasury stock and are not sold on the open market. (See discussion under "Treasury Stock" in Note 15, "Stockholders' Equity").

The Company recognizes non-cash compensation expense related to restricted stock awards and restricted stock units under the Stock Plan using the straight-line method over the remaining service period. The Company recorded compensation expense related to restricted stock awards under the Stock Plan of $1.9 million, $3.6 million and $5.4 million during 2011, 2010 and 2009, respectively. The deferred stock-based compensation related to restricted stock awards is $0.3 million and $2.2 million at December 31, 2011 and 2010, respectively. The deferred stock-based compensation related to restricted stock awards is expected to be recognized over a weighted-average period of 0.07 years. The total fair value of restricted stock and restricted stock units that vested during the years ended December 31, 2011 and 2010 was $4.2 million and $7.2 million, respectively.