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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary Of Employee Stock-Based Compensation Expense
Employees stock-purchase compensation expense recognized under the authoritative guidance was as follows:
 
Years Ended December 31,
 
2012
 
2011
 
2010
 
(In thousands)
Selling, general and administrative
$
8,646

 
$
26,310

 
$
16,694

Research and development
335

 
404

 
426

Cost of goods sold
70

 
91

 
89

Total employee stock-based compensation expense
9,051

 
26,805


17,209

Total tax benefit related to employees stock-based compensation expense
3,532

 
10,468

 
7,006

Net effect on net income
$
5,519

 
$
16,337

 
$
10,203

Summary Of Weighted-Average Assumptions
The following weighted-average assumptions were used in the calculation of fair value:
 
Years Ended December 31,
 
2012
 
2011
 
2010
Dividend yield
0%
 
0%
 
0%
Expected volatility
30%
 
28%
 
30%
Risk free interest rate
1.33%
 
2.47%
 
2.82%
Expected life of option from grant date
8 years
 
8 years
 
8 years
Summary Of Stock Option Activity
The following table summarizes the Company’s stock option activity:
 
 
 
Weighted Average Exercise Price
 
Weighted Average Contractual Term in Years
 
Aggregate Intrinsic Value
 
 
 
 
 
 
Shares
 
 
 
Stock Options
(In thousands)
 
 
 
 
 
(In thousands)
Outstanding at December 31, 2011
1,483

 
$
38.68

 
 
 
 
Granted
254

 
32.26

 
 
 
 
Exercised
(13
)
 
35.76

 
 
 
 
Forfeited or Expired
(15
)
 
37.49

 
 
 
 
Outstanding at December 31, 2012
1,709

 
$
37.76

 
4.0 years
 
$
5,874

Vested or expected to vest at December 31, 2012
1,709

 
$
37.76

 
4.0 years
 
$
5,874

Exercisable at December 31, 2012
1,465

 
$
38.68

 
3.5 years
 
$
4,222

Summary Of Vested And Unvested RSU
The following table summarizes the Company’s awards of restricted stock, performance stock and contract stock for the year ended December 31, 2012:
 
 
 
 
 
Performance Stock and Contract Stock Awards
 
Restricted Stock Awards
 
 
Shares
 
Wtd. Avg Grant Date Fair Value Per Share
 
Shares
 
Wtd. Avg Grant Date Fair Value Per Share
 
 
 
 
 
 
 
 
 
(In thousands)
 
 
 
(In thousands)
 
 
Unvested, December 31, 2011
305

 
$
38.37

 
144

 
$
29.15

Granted
243

 
35.44

 
60

 
34.64

Cancellations
(31
)
 
36.40

 

 

Released
(171
)
 
35.72

 
(5
)
 
38.33

Unvested, December 31, 2012
346

 
$
37.80

 
199

 
$
30.49