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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2013
Stockholders' Equity Note [Abstract] |
Summary of Authorized, Issued, and Outstanding Shares | Our authorized, issued, and outstanding shares (share amounts stated in whole numbers) consist of the following:
| Par Value |  | June 30, 2013 |  | December 31, 2012 |  | June 30, 2012
Preferred Stock | $.01 | /share |  |  |  |  |  |
Shares authorized |  |  | 5,000,000 |  |  | 5,000,000 |  |  | 5,000,000 |
Shares issued and outstanding |  |  | — |  |  | — |  |  | — |
Common Stock | $.01 | /share |  |  |  |  |  |
Shares authorized |  |  | 400,000,000 |  |  | 400,000,000 |  |  | 400,000,000 |
Shares issued and outstanding |  |  | 296,860,119 |  |  | 296,564,382 |  |  | 296,150,999 |
Schedule of Dividends Paid Previously or Declared | The following table presents the dividends either paid previously or declared by our board of directors for future payment:
| 2013 |  | 2012
First quarter | $ | 0.10 |  |  | $ | 0.17 |
Second quarter | 0.20 |  |  | 0.17 |
Third quarter | 0.25 |  |  | 0.19 |
Fourth quarter |  |  |  | 0.21 |
Sub-Total | $ | 0.55 |  |  | $ | 0.74 |
Supplemental |  |  |  | 0.50 |
Total | $ | 0.55 |  |  | $ | 1.24 |
Summary of Stock Options Granted | The following tables summarize the details of grants made under our stock option plan of options that have been granted and are outstanding, and the assumptions used to value these options. All options granted were effective at the close of business on the date of grant.
|  |  | Option |  | Closing |  |  |  |
|  |  | exercise |  | stock price |  | June 30, 2013
| Options |  | (strike) |  | on date |  | Options |  | Options
Date of grant | granted |  | price |  | of grant |  | outstanding |  | vested
April 16, 2013 | 205,000 |  |  | $ | 54.00 |  |  | $ | 49.25 |  |  | 182,500 |  |  | — |
April 17, 2012 | 1,235,000 |  |  | $ | 54.00 |  |  | $ | 49.01 |  |  | 1,132,500 |  |  | — |
April 19, 2011 | 410,000 |  |  | $ | 35.00 |  |  | $ | 31.78 |  |  | 370,000 |  |  | — |
April 20, 2010 | 530,000 |  |  | $ | 30.00 |  |  | $ | 27.13 |  |  | 320,000 |  |  | — |
April 21, 2009 | 790,000 |  |  | $ | 27.00 |  |  | $ | 17.61 |  |  | 425,800 |  |  | 180,800 |
April 15, 2008 | 550,000 |  |  | $ | 27.00 |  |  | $ | 24.35 |  |  | 225,900 |  |  | 124,650 |
April 17, 2007 | 4,380,000 |  |  | $ | 22.50 |  |  | $ | 20.15 |  |  | 1,860,855 |  |  | 1,191,355 |
Total | 8,100,000 |  |  |  |  |  |  | 4,517,555 |  |  | 1,496,805 |
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 16, 2013 | 0.7 | % |  | 5.00 |  | 1.6 | % |  | 37.42 | % |  | $ | 12.66 |
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 | The following tables present a reconciliation of the denominators used in the computation of basic and diluted earnings per share and a summary of the options to purchase shares of common stock which were excluded from the diluted earnings calculation because they were anti-dilutive:
| Six-month period |  | Three-month period
Reconciliation | 2013 |  | 2012 |  | 2013 |  | 2012
Basic weighted average shares outstanding | 296,711,326 |  |  | 295,826,501 |  |  | 296,778,588 |  |  | 296,110,167 |
Weighted shares assumed upon exercise of stock options | 978,224 |  |  | 1,194,737 |  |  | 943,682 |  |  | 1,019,731 |
Diluted weighted average shares outstanding | 297,689,550 |  |  | 297,021,238 |  |  | 297,722,270 |  |  | 297,129,898 |
Summary of Anti-Dilutive Options Excluded |
| Six-month period |  | Three-month period
Summary of anti-dilutive options excluded | 2013 |  | 2012 |  | 2013 |  | 2012
Options to purchase shares of common stock | 1,238,356 |  |  | 501,566 |  |  | 1,307,857 |  |  | 1,353,132 |
Weighted average exercise price of options | $54.00 |  | $54.00 |  | $54.00 |  | $49.09

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