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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2012
Summary of Stock Options Issued Pursuant to Stock Incentive Plans

A summary of stock options issued under the various Stock Incentive Plans previously described and changes is as follows:

 

     Number of
Shares
    Weighted-
Average
Exercise
Price ($)
     Weighted-
Average
Remaining
Contractual
Term (Years)
     Aggregate
Intrinsic Value of
In-the-Money
Options ($)
 

Outstanding, December 31, 2009

     3,556,873      $ 20.72         

Granted

     338,950        24.48         

Exercised

     (235,986     13.34         

Forfeited

     (106,625     18.11         

Expired

     (42,674     30.31         
  

 

 

   

 

 

       

Outstanding, December 31, 2010

     3,510,538        21.55         

Granted

     367,202        28.95         

Exercised

     (361,093     12.40         

Forfeited

     (26,591     20.53         
  

 

 

   

 

 

       

Outstanding, December 31, 2011

     3,490,056        23.28         

Granted

     435,367        42.43         

Exercised

     (847,301     19.74         

Forfeited

     (105,540     22.19         

Expired

     (4,000     10.19         
  

 

 

   

 

 

    

 

 

    

 

 

 

Outstanding, December 31, 2012

     2,968,582      $ 27.15         5.28       $ 49,151,503   

Exercisable, December 31, 2012

     1,840,304      $ 24.44         4.49       $ 35,426,182   
  

 

 

   

 

 

    

 

 

    

 

 

 
 
Estimated Fair Value of Options Granted using Black-Scholes Option-Pricing Model with Weighted-Average Assumptions

The fair value of options granted in the respective fiscal years was estimated on the date of grant using the Black-Scholes option-pricing model, a pricing model acceptable under ASC 718, with the following weighted-average assumptions:

 

     Years Ended December 31,  
     2012     2011     2010  

Expected life (years)

     6.2        5.9        5.9   

Risk-free interest rate

     0.8     1.4     2.3

Expected volatility

     51.4     50.6     50.8

Expected dividend yield

     —          —          —     
Summary of Nonvested Long-Term Incentive Program Performance Share Awards Outstanding and Changes During Period

A summary of the nonvested LTIP Performance Shares is as follows:

 

Nonvested LTIP Performance Shares

   Number of
Shares at
Expected
Attainment
    Weighted-
Average
Grant Date
Fair Value
 

Nonvested at December 31, 2009

     216,150      $ 16.52   

Granted

     207,180        26.29   

Forfeited or expired

     (25,620     16.52   

Change in expected attainment for 2009 grants

     101,325        16.52   
  

 

 

   

 

 

 

Nonvested at December 31, 2010

     499,035        20.57   

Granted

     237,751        28.94   

Forfeited or expired

     (36,682     18.92   

Change in expected attainment for 2009 and 2010 grants

     231,468        22.71   
  

 

 

   

 

 

 

Nonvested at December 31, 2011

     931,571        23.33   

Granted

     273,595        42.65   

Forfeited or expired

     (103,682     23.12   
  

 

 

   

 

 

 

Nonvested at December 31, 2012

     1,101,484      $ 28.14   
  

 

 

   

 

 

 
Restricted share awards (RSAs)
 
Summary of Nonvested Restricted Share Awards

A summary of nonvested RSAs are as follows:

 

Nonvested Restricted Share Awards

   Restricted
Share Awards
    Grant Date
Fair Value
 

Nonvested at December 31, 2009

     314,548      $ 17.94   

Granted

     25,950        22.19   

Vested

     (95,014     17.81   

Forfeited or expired

     (53,186     18.52   
  

 

 

   

 

 

 

Nonvested at December 31, 2010

     192,298        18.42   

Granted

     6,300        28.95   

Vested

     (86,325     18.31   

Forfeited or expired

     (12,250     17.52   
  

 

 

   

 

 

 

Nonvested at December 31, 2011

     100,023        19.29   

Granted

     56,389        44.81   

Vested

     (79,299     18.72   

Forfeited or expired

     (7,875     16.78   
  

 

 

   

 

 

 

Nonvested at December 31, 2012

     69,238      $ 41.02   
  

 

 

   

 

 

 
 
S1 2003 Stock Incentive Plan
 
Summary of Nonvested Restricted Share Awards

A summary of nonvested Transaction RSAs issued under the S1 2003 Stock Incentive Plan as of December 31, 2012 and changes during the period are as follows:

 

Nonvested Transaction Restricted Share Awards

   Number of
Restricted
Share Awards
    Weighted-Average Grant
Date Fair Value
 

Nonvested as of December 31, 2011

     —        $ —     

Transaction RSAs converted upon acquisition of S1

     170,205        35.41   

Vested

     (100,685     35.41   

Forfeited

     (19,276     35.41   
  

 

 

   

 

 

 

Nonvested as of December 31, 2012

     50,244      $ 35.41