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Stock-Based Compensation and Awards (Tables)
12 Months Ended
Dec. 31, 2013
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,

 

 

 

2013

 

2012

 

2011

 

Stock options

 

$

2,241

 

$

2,552

 

$

3,916

 

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

 

20,518

 

16,583

 

14,970

 

Employee stock purchase plan

 

142

 

114

 

278

 

Total stock-based compensation expense

 

$

22,901

 

$

19,249

 

$

19,164

 

Schedule of weighted average assumptions

 

 

 

 

Years Ended December 31,

 

 

 

2013

 

2012

 

2011

 

Expected life in years

 

4.5

 

4.5

 

4.5

 

Risk-free interest rate

 

0.66

%

0.78

%

1.23

%

Volatility

 

49.19

%

47.96

%

45.17

%

Dividend yield

 

0.0

%

0.0

%

0.0

%

Summary of stock option activity

 

 

 

 

Stock
Options
(in thousands)

 

Weighted
Average
Exercise Price
Per Share

 

Weighted
Average
Remaining
Life
(in years)

 

Aggregate
Intrinsic
Value
(in thousands)

 

Options outstanding, December 31, 2012

 

2,584

 

$

27.02

 

 

 

 

 

Granted

 

177

 

25.04

 

 

 

 

 

Exercised

 

(459

)

18.12

 

 

 

 

 

Cancelled

 

(150

)

33.94

 

 

 

 

 

Options outstanding, December 31, 2013

 

2,152

 

28.27

 

3.4

 

$

26,522

 

Options exercisable, December 31, 2013

 

1,696

 

31.27

 

2.9

 

18,742

 

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

 

 

 

 

Shares
(in thousands)

 

Weighted
Average
Grant-Date
Fair Value
Per Share

 

Non-vested awards, December 31, 2012

 

1,992

 

$

16.12

 

Granted

 

702

 

25.10

 

Vested

 

(924

)

17.56

 

Change in expected vesting of cash settled performance awards

 

20

 

25.04

 

Cancelled

 

(118

)

19.33

 

Non-vested awards, December 31, 2013(1)

 

1,672

 

18.97

 

 

(1)                  Non-vested awards as of December 31, 2013 are comprised of 419 thousand cash settled restricted stock units and cash settled performance awards and 1,253 thousand restricted stock shares and restricted stock units.

Schedule of phantom unit activity

 

 

 

 

Phantom
Units
(in thousands)

 

Weighted
Average
Grant-Date
Fair Value
per Unit

 

Phantom units outstanding, December 31, 2012

 

64

 

$

23.62

 

Granted

 

55

 

23.76

 

Vested

 

(28

)

23.45

 

Cancelled

 

(6

)

24.31

 

Phantom units outstanding, December 31, 2013

 

85

 

23.72