XML 71 R16.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Equity Based Compensation
6 Months Ended
Jun. 30, 2011
Statement - Equity Based Compensation  
Equity Based Compensation

11. Equity Based Compensation

Equity compensation expense was $4.3 million and $3.3 million in the second quarter of 2011 and 2010, respectively, and $12.1 million and $9.9 million in the first six months of 2011 and 2010, respectively. In the first quarter of 2011, the Company granted 0.5 million stock options at a weighted average strike price of $59.74 per share and 0.2 million performance contingent units to employees. Also in the first quarter of 2011, non-employee directors were granted a total of 14,200 shares of common stock. As of June 30, 2011, 1.4 million share options at a weighted average strike price of $43.29 per share were vested and exercisable with a remaining weighted average exercise period of 4.3 years. As of June 30, 2011, the total compensation cost of non-vested awards not yet recognized in the financial statements was $31.0 million. It is estimated that these costs will vest over a weighted average period of 2.4 years.