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SHARE-BASED COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2014

SHARE-BASED COMPENSATION PLANS

Schedule of assumptions used for estimating the fair value of share options using the Black-Scholes option-pricing model

Assumptions:		2014			2013			2012
Risk-free interest rate		1.9%			1.0%			2.0%
Expected dividend yield		3.2%			3.3%			4.5%
Volatility (a)		37.98%			42.00%			52.22%
Weighted average expected life of the options (b)		6.0 years			6.0 years			9.59 years
Weighted average grant date fair value of options granted per share		$	4.33		$	4.28		$	3.94

(a) Expected volatility is based upon the level of volatility historically experienced.

(b) Expected life is based upon our expectations of share option recipients’ expected exercise and termination patterns.

Summary of option activity

							Weighted Average
		Number of Shares		Weighted Average			Remaining
		Under Option		Strike Price			Contractual Term
Balance at December 31, 2011		5,255,718		$	10.35		6.33
Options granted		222,421		11.48			9.14
Options canceled		(10,375	)	9.01			—
Options exercised		(209,900	)	7.89			6.08
Balance at December 31, 2012		5,257,864		$	10.50		5.49
Options granted		182,297		14.84			9.08
Options canceled		(24,000	)	13.57			—
Options exercised		(511,548	)	7.24			4.53
Balance at December 31, 2013		4,904,613		$	10.99		4.66
Options granted		223,590		15.73			9.08
Options canceled		(10,731	)	17.38			—
Options exercised		(1,425,171	)	9.69			3.21
Balance at December 31, 2014		3,692,301		$	11.76		4.16
Vested or expected to vest at December 31, 2014		3,692,301		$	11.76		4.16
Exercisable at December 31, 2014		3,271,474		$	11.37		3.60

Schedule of non-vested restricted share activity

		Number of Non-
		Vested Restricted
		Shares and Share Units
Non-Vested at January 1, 2014		711,631
Granted		194,495
Vested		(523,700	)
Forfeited		(1,643	)
Non-Vested at December 31, 2014		380,783

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Tabular disclosure of the changes in outstanding nonvested shares.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

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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

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-Paragraph 2

-Subparagraph (c)(1)

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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