Note 16 - Share-Based and Other Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2011

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of outstanding awards and compensation expense recognized for each type of share-based award

The following table summarizes awards outstanding and compensation expense recognized for each type of share-based award as of and for the periods indicated:

	December 31,
(In thousands)	2011					2010				2009
Share-based Compensation Programs	Liability Recorded/ Equity Instruments Outstanding		Compensation Cost Recognized (1)			Liability Recorded/ Equity Instruments Outstanding		Compensation Cost Recognized (1)		Liability Recorded/ Equity Instruments Outstanding		Compensation Cost Recognized (1)
Liabilities:
RSUs—Cash Settled	$	5,229	$	480		$	4,788	$	1,774	$	3,014	$	3,014
SARs—Cash Settled	1,156		(5,229		)	6,430		3,951		2,169		1,866
Officer LTI Plan	—		32			8,397		5,618		2,778		2,322
Liabilities	$	6,385	(4,717		)	$	19,615	11,343		$	7,961	7,202
Equity:
Stock Options	3,472,762		1,558			3,227,411		2,214		3,264,262		2,619
Phantom Stock	518,441		5			518,441		3,183		518,441		1,902
RSUs—Equity Settled	505,183		1,717			216,300		1,272		—		—
Restricted Stock	324,778		120			399,575		2,036		848,823		3,210
Employee Stock Purchase Plan (“ESPP”)			348					321				227
Equity			3,748					9,026				7,958
Total all share-based plans			$	(969	)			$	20,369			$	15,160

______________ 

(1) For purposes of calculating compensation cost recognized, we consider awards effectively vested (and we recognize the full compensation costs) when grantees become retirement eligible. Under the terms of our awards, legal vesting upon retirement occurs when the grantee actually separates from service.

Schedule of additional information regarding all share-based awards

The following table reflects additional information regarding all share-based awards for the years indicated:

	Year Ended December 31,
($ in thousands except per-share amounts)	2011			2010		2009
Total compensation cost recognized	$	(969	)	$	20,369	$	15,160
Less: Costs deferred as acquisition costs	171			551		962
Stock-based compensation expense impact on net income (loss) before income taxes—increase	$	(1,140	)	$	19,818	$	14,198
Stock-based compensation expense impact on net income (loss)—increase	$	(741	)	$	12,882	$	9,229
Excess tax benefits from stock-based payment arrangements	$	4		$	—	$	—
Stock-based compensation expense impact on diluted income (loss) per share—(decrease) increase	$	(0.01	)	$	0.11	$	0.11

Schedule of information with regard to stock options

Information with regard to stock options for the periods indicated is as follows:

	Number of Shares		Weighted Average Exercise Price Per Share
Outstanding, December 31, 2010	3,227,411		$	28.63
Granted	667,586		4.05
Exercised	—		—
Forfeited	(77,347	)	6.17
Expired	(344,888	)	33.00
Outstanding, December 31, 2011	3,472,762		23.97
Exercisable, December 31, 2011	2,410,123		32.33
Available for grant, December 31, 2011	3,271,288

Schedule of fully vested share options

The table below summarizes information regarding fully vested share options as of December 31, 2011:

($ in millions, except per-share amounts)	Outstanding and Exercisable
Number of options vested	2,410,123
Fair value of options vested during the year	$	0.3
Weighted-average exercise price per share	$	32.33
Aggregate intrinsic value (excess market price over exercise price)	$	—
Weighted-average remaining contractual term of options (in years)	2.0

Schedule of outstanding and exercisable options

The following table summarizes information concerning outstanding and exercisable options at December 31, 2011:

	Options Outstanding				Options Exercisable
Range of Exercise Prices	Number Outstanding	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price		Number Exercisable	Weighted Average Exercise Price
$2.48	444,800	3.6	$	2.48	222,400	$	2.48
$3.58 – $7.06	620,639	6.4	4.37		—	—
$10.42	219,600	5.4	10.42		—	—
$20.34	980,000	2.7	20.34		980,000	20.34
$35.79 – $46.39	558,701	0.6	41.12		558,701	41.12
$48.39 – $56.03	649,022	0.7	53.08		649,022	53.08
	3,472,762	2.9			2,410,123

Schedule of valuation assumptions of stock options granted

We use the Black-Scholes valuation model in determining the grant date fair value of stock options issued to employees and non-employee directors. This model was used to estimate the fair value of the stock options granted on the date of grant, using the assumptions noted in the following table:

	Year Ended December 31,
	2011		2010		2009
Expected life (years) (1)	6.00		6.00		n/a
Risk-free interest rate (2)	1.88	%	2.85	%	n/a
Volatility (3)	114.51	%	110.83	%	n/a
Dividend yield	0.28	%	0.10	%	n/a

 ______________

(1) In 2011 and 2010, the expected life of stock options granted was estimated to be less than the full term of the options awarded. The expected life is estimated using historical data.

(2) The risk-free interest rate is based on the U.S. treasury yield curve in effect at the time of grant.

(3) Volatility determined at the date of grant using historical share price volatility and expected life of each award.

Schedule of restricted stock under Equity Plans

Information with regard to restricted stock for the periods indicated is as follows:

	Number of Shares		Weighted Average Grant-Date Fair Value Per Share
Unvested, December 31, 2010	399,575		$	2.69
Granted	—		—
Vested	(66,247	)	3.06
Forfeited	(8,550	)	2.64
Unvested, December 31, 2011	324,778		$	2.67

Schedule of valuation assumptions of performance based RSU

The grant date fair value of performance-based RSUs is determined using the Monte Carlo valuation model. The following are assumptions used in our calculation of the 2010 grant date fair value of performance-based RSUs to be settled in common stock:

	2010
Expected life	3 years
Risk-free interest rate	1.4	%
Volatility	154.5	%
Dividend yield	0.12	%

Schedule of changes in RSU to be settled under 2008 Equity Plan

Information with regard to RSUs to be settled in stock for the periods indicated is as follows:

	Number of Shares		Weighted Average Grant Date Fair Value
Unvested, December 31, 2010	216,300		$	11.72
Granted	323,866		5.86
Vested	—		—
Forfeited	(34,983	)	10.03
Unvested, December 31, 2011	505,183		$	8.08

Schedule of valuation assumptions of ESPP

The following are assumptions used in our calculation of ESPP compensation expense during 2011:

	January 1, 2011		July 1, 2011
Expected life	6 months		6 months
Risk-free interest rate	0.45	%	0.39	%
Volatility	69.96	%	79.68	%
Dividend yield	0.06	%	0.12	%