XML 106 R41.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock Compensation Plans (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2012
Dec. 31, 2011
Assumption Used to Estimate Fair Value of Option Granted  

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions used:

 

 

Grant Year

   Dividend
Yield
    Expected
Volatility
    Risk Free
Interest  Rate
    Expected
Lives
 

2011

     0     52     2     5   

2010

     0     54     2     5   

2009

     0     55     2     5   
1996 Plan  

Information regarding the 1996 Plan for the year ended December 31, 2011 is as follows:

 

 

     Shares     Weighted
Average
Exercise
Price
     Weighted
Average
Contractual
Life
 

Outstanding, beginning of year

     2,828,770      $ 20.85      

Granted

     68,000        33.28      

Exercised

     (113,359     17.62      

Canceled

     (80,782     21.62      
  

 

 

   

 

 

    

Outstanding, end of year

     2,702,629      $ 21.27         7.07   
  

 

 

   

 

 

    

 

 

 

Exercisable at end of year

     1,500,656      $ 22.86         6.78   
  

 

 

   

 

 

    

 

 

 
Summary of Non-Vested Stock Options  

The following table summarizes our non-vested stock option activity for year ended December 31, 2011:

 

 

     Shares     Weighted Average
Grant Date
Fair Value
 

Non-vested stock options at the beginning of the period

     1,832,153      $ 9.20   

Granted

     54,400        9.33   

Vested

     (623,362     9.49   

Canceled

     (61,218     9.14   
  

 

 

   

 

 

 

Non-vested stock options at the end of the period

     1,201,973      $ 9.06   
  

 

 

   

 

 

 
Summary of ESPP Share Activity

The following is a summary of the 2009 ESPP share activity for the nine months ended September 30, 2012:

 

 

     Shares  

Available for future purchases, January 1, 2012

     253,294   

Additional shares reserved under 2009 ESPP

     250,000   

Purchases

     (110,014
  

 

 

 

Available for future purchases, September 30, 2012

     393,280   
  

 

 

 

The following is a summary of ESPP share activity for the year ended December 31, 2011:

 

 

     Shares  

2009 ESPP Plan Shares available for future purchases, January 1, 2011

     331,795   

Additional Shares reserved under 2009 ESPP

     77,928   

Purchases

     (156,429
  

 

 

 

Shares available for future purchases, December 31, 2011

     253,294