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Stock-based Compensation and Awards (Tables)
12 Months Ended
Dec. 31, 2012
Stock-based Compensation and Awards  
Summary of stock-based compensation expense included in results of operations

The following table presents the stock-based compensation expense included in our results of operations (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2012

 

2011

 

2010

 

Stock options

 

$

2,552

 

$

3,916

 

$

5,273

 

Restricted stock, restricted stock units, cash settled restricted stock units, cash settled performance awards and phantom units

 

16,583

 

14,970

 

17,796

 

Employee stock purchase plan

 

114

 

278

 

282

 

Total stock-based compensation expense

 

$

19,249

 

$

19,164

 

$

23,351

 

Schedule of weighted average assumptions

 

 

 

 

Years Ended December 31,

 

 

 

2012

 

2011

 

2010

 

Expected life in years

 

4.5

 

4.5

 

4.5

 

Risk-free interest rate

 

0.78

%

1.23

%

2.13

%

Volatility

 

47.96

%

45.17

%

42.94

%

Dividend yield

 

0.0

%

0.0

%

0.0

%

Summary of stock option activity

The following table presents stock option activity for the year ended December 31, 2012 (in thousands, except per share data and remaining life in years):

 

 

 

Stock
Options

 

Weighted
Average
Exercise Price

 

Weighted
Average
Remaining
Life

 

Aggregate
Intrinsic
Value

 

Options outstanding, December 31, 2011

 

3,271

 

$

27.39

 

 

 

 

 

Granted

 

153

 

14.36

 

 

 

 

 

Exercised

 

(34

)

16.41

 

 

 

 

 

Cancelled

 

(806

)

26.55

 

 

 

 

 

Options outstanding, December 31, 2012

 

2,584

 

27.02

 

4.6

 

$

10,866

 

Options exercisable, December 31, 2012

 

1,828

 

31.99

 

3.6

 

5,425

 

Schedule of restricted stock, restricted stock unit and cash settled restricted stock unit and cash settled performance award activity

The following table presents restricted stock, restricted stock unit, cash settled restricted stock unit and cash settled performance award activity for the year ended December 31, 2012 (in thousands, except per share data):

 

 

 

Shares

 

Weighted
Average
Grant-Date
Fair Value
Per Share

 

Non-vested awards, December 31, 2011

 

1,670

 

$

19.49

 

Granted

 

1,221

 

14.33

 

Vested

 

(772

)

19.09

 

Change in expected vesting of cash settled performance awards

 

44

 

14.36

 

Cancelled

 

(171

)

22.39

 

Non-vested awards, December 31, 2012(1)

 

1,992

 

16.12

 

 

(1)                  Non-vested awards as of December 31, 2012 are comprised of 545 thousand cash settled restricted stock units and cash settled performance awards and 1,447 thousand restricted stock shares and stock settled restricted stock units.

Schedule of phantom unit activity

 

 

 

 

Phantom
Units

 

Weighted
Average
Grant-Date
Fair Value
per Unit

 

Phantom units outstanding, December 31, 2011

 

75,267

 

$

21.45

 

Granted

 

29,717

 

22.62

 

Vested

 

(40,329

)

18.73

 

Cancelled

 

(771

)

28.50

 

Phantom units outstanding, December 31, 2012

 

63,884

 

23.62