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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2012
Stockholders' Equity Note [Abstract] |
Summary of Authorized, Issued and Outstanding Shares | Our authorized, issued, and, outstanding shares (stated in whole numbers) at year end consist of the following:
| Par Value |  | 2012 |  | 2011
Preferred Stock | .01/share |  |  |  |
Authorized |  |  | 5,000,000 |  |  | 5,000,000 |
Shares issued and outstanding |  |  | — |  |  | — |
Common Stock | .01/share |  |  |  |
Authorized |  |  | 400,000,000 |  |  | 400,000,000 |
Shares issued and outstanding |  |  | 296,564,382 |  |  | 295,258,674 |
Summary of Stock Option Plan Activity and Summary of Stock Options Granted | A summary of the activity under our stock option plan is as follows:
| Options outstanding |  | Exercise Price 1 |  | Remaining Life 2
Outstanding as of January 1, 2012 | 5,132,750 |  |  | $ | 24.92 |  |  | 4.72 |
Granted | 1,235,000 |  |  | $ | 54.00 |  |  | 8.41 |
Exercised/earned | (1,305,708 | ) |  | $ | 22.70 |  |  |
Cancelled/forfeited | (226,250 | ) |  | $ | 34.12 |  |  |
Outstanding as of December 31, 2012 | 4,835,792 |  |  | $ | 32.51 |  |  | 5.40 |
Exercisable as of December 31, 2012 | 1,168,792 |  |  | $ | 22.95 |  |  | 3.45 |
| Options outstanding |  | Exercise Price 1 |  | Remaining Life 2
Outstanding as of January 1, 2011 | 5,320,000 |  |  | $ | 24.03 |  |  | 5.50 |
Granted | 410,000 |  |  | $ | 35.00 |  |  | 7.93 |
Exercised/earned | (397,250 | ) |  | 22.50 |  |  |
Cancelled/forfeited | (200,000 | ) |  | $ | 26.78 |  |  |
Outstanding as of December 31, 2011 | 5,132,750 |  |  | $ | 24.92 |  |  | 4.72 |
Exercisable as of December 31, 2011 | 1,852,750 |  |  | $ | 22.50 |  |  | 3.16 |
1 | Weighted-average exercise price
2 | Weighted-average remaining contractual life in years
The following tables summarize the details of grants made under our stock option plan that are still outstanding, and the assumptions used to value these grants. All options granted were effective at the close of business on the date of grant.
| Options granted |  | Option exercise (strike) price |  | Closing stock price on date of grant |  | December 31, 2012
Date of grant | Options outstanding |  | Options vested
April 17, 2012 | 1,235,000 |  |  | $ | 54.00 |  |  | $ | 49.01 |  |  | 1,177,500 |  |  | — |
April 19, 2011 | 410,000 |  |  | $ | 35.00 |  |  | $ | 31.78 |  |  | 380,000 |  |  | — |
April 20, 2010 | 530,000 |  |  | $ | 30.00 |  |  | $ | 27.13 |  |  | 380,000 |  |  | — |
April 21, 2009 | 790,000 |  |  | $ | 27.00 |  |  | $ | 17.61 |  |  | 540,000 |  |  | — |
April 15, 2008 | 550,000 |  |  | $ | 27.00 |  |  | $ | 24.35 |  |  | 286,167 |  |  | 116,167 |
April 17, 2007 | 4,380,000 |  |  | $ | 22.50 |  |  | $ | 20.15 |  |  | 2,072,125 |  |  | 1,052,625 |
Total | 7,895,000 |  |  |  |  |  |  | 4,835,792 |  |  | 1,168,792 |
Summary of Fair Value Assumptions for Options Granted |
Date of grant | Risk-free interest rate |  | Expected life of option in years |  | Expected dividend yield |  | Expected stock volatility |  | Estimated fair value of stock option
April 17, 2012 | 0.9 | % |  | 5.00 |  |  | 1.4 | % |  | 39.25 | % |  | $ | 13.69 |
April 19, 2011 | 2.1 | % |  | 5.00 |  |  | 1.6 | % |  | 39.33 | % |  | $ | 11.20 |
April 20, 2010 | 2.6 | % |  | 5.00 |  |  | 1.5 | % |  | 39.10 | % |  | $ | 8.14 |
April 21, 2009 | 1.9 | % |  | 5.00 |  |  | 1.0 | % |  | 38.80 | % |  | $ | 3.64 |
April 15, 2008 | 2.7 | % |  | 5.00 |  |  | 1.0 | % |  | 30.93 | % |  | $ | 7.75 |
April 17, 2007 | 4.6 | % |  | 4.85 |  |  | 1.0 | % |  | 31.59 | % |  | $ | 5.63 |
Reconciliation of Denominators used in Computation of Basic and Diluted Earnings per Share |
Reconciliation | 2012 |  | 2011 |  | 2010
Basic-weighted average shares outstanding | 296,089,348 |  |  | 295,053,790 |  |  | 294,861,424 |
Weighted shares assumed upon exercise of stock options | 1,061,602 |  |  | 814,936 |  |  | — |
Diluted-weighted average shares outstanding | 297,150,950 |  |  | 295,868,726 |  |  | 294,861,424 |
Summary of Anti-Dilutive Options Excluded |
Summary of anti-dilutive options excluded | 2012 |  | 2011 |  | 2010
Options to purchase shares of common stock | 847,254 |  |  | 704,384 |  |  | 5,328,246 |
Weighted-average exercise prices of options | $ | 54.00 |  |  | 32.05 |  |  | 23.94 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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