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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2013
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 |  | 2013 |  | 2012
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 |  |  | 296,753,544 |  |  | 296,564,382 |
Summary of Stock Option Plan Activity and Summary of Stock Options Granted | 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, 2013
Date of Grant | Options Outstanding |  | Options Exercisable
April 16, 2013 | 205,000 |  |  | $ | 54.00 |  |  | $ | 49.25 |  |  | 172,500 |  |  | — |
April 17, 2012 | 1,235,000 |  |  | $ | 54.00 |  |  | $ | 49.01 |  |  | 1,127,500 |  |  | — |
April 19, 2011 | 410,000 |  |  | $ | 35.00 |  |  | $ | 31.78 |  |  | 350,000 |  |  | 25,000 |
April 20, 2010 | 530,000 |  |  | $ | 30.00 |  |  | $ | 27.13 |  |  | 300,000 |  |  | — |
April 21, 2009 | 790,000 |  |  | $ | 27.00 |  |  | $ | 17.61 |  |  | 413,300 |  |  | 173,300 |
April 15, 2008 | 550,000 |  |  | $ | 27.00 |  |  | $ | 24.35 |  |  | 206,750 |  |  | 113,000 |
April 17, 2007 | 4,380,000 |  |  | $ | 22.50 |  |  | $ | 20.15 |  |  | 1,786,580 |  |  | 1,131,080 |
Total | 8,100,000 |  |  |  |  |  |  | 4,356,630 |  |  | 1,442,380 |
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, 2013 | 4,835,792 |  |  | $ | 32.51 |  |  | 5.40
Granted | 205,000 |  |  | $ | 54.00 |  |  | 8.41
Exercised | (389,162 | ) |  | $ | 23.91 |  |  |
Cancelled/forfeited | (295,000 | ) |  | $ | 35.89 |  |  |
Outstanding as of December 31, 2013 | 4,356,630 |  |  | $ | 34.06 |  |  | 4.66
Exercisable as of December 31, 2013 | 1,442,380 |  |  | $ | 23.61 |  |  | 2.74
| 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 | (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
1 | Weighted-average exercise price
2 | Weighted-average remaining contractual life in years
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 |
Reconciliation | 2013 |  | 2012 |  | 2011
Basic-weighted average shares outstanding | 296,754,160 |  |  | 296,089,348 |  |  | 295,053,790 |
Weighted shares assumed upon exercise of stock options | 929,428 |  |  | 1,061,602 |  |  | 814,936 |
Diluted-weighted average shares outstanding | 297,683,588 |  |  | 297,150,950 |  |  | 295,868,726 |
Summary of Anti-Dilutive Options Excluded |
Summary of Anti-dilutive Options Excluded | 2013 |  | 2012 |  | 2011
Options to purchase shares of common stock | 1,273,527 |  |  | 847,254 |  |  | 704,384 |
Weighted-average exercise prices of options | $ | 54.00 |  |  | 54.00 |  |  | 32.05 |

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