v2.4.0.6

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2012

Share-Based Compensation Expenses

Total share-based compensation expenses were as follows (in thousands):

		For the Year Ended December 31,
		2012				2011				2010
Option plan		$	16,497			$	9,948			$	6,132
Other share-based awards			56,770				63,872				52,807
Total share-based compensation before tax			73,267				73,820				58,939
Tax benefit			27,401				27,929				23,039
Total share-based compensation expense included in Net income		$	45,866			$	45,891			$	35,900

Stock Option Activity and Weighted Average Exercise Price

The following summarizes stock option activity and the weighted average exercise price for the following plans for the each of the three years ended December 31, 2012, 2011 and 2010:

		Omnibus Plan (Active)								Option Plan (Frozen)								Director Stock Option Plan (Frozen)
		Outstanding Shares				Weighted Average Exercise Price				Outstanding Shares				Weighted Average Exercise Price				Outstanding Shares				Weighted Average Exercise Price
Balance as of December 31, 2009			2,837,800			$	16.89				6,439,246			$	19.15				176,000			$	23.03
Granted			1,615,812				26.81				—				—				—				—
Exercised			(6,000	)			24.25				(3,951,986	)			16.50				(72,000	)		$	24.65
Forfeited			(138,800	)			18.79				(13,500	)			21.49				—				—
Balance as of December 31, 2010			4,308,812			$	20.54				2,473,760			$	23.36				104,000			$	21.91
Granted			1,276,500				50.52				—				—				—				—
Exercised			(865,875	)			16.30				(1,373,414	)			21.98				(16,000	)		$	18.14
Forfeited			(36,700	)			26.38				(1,800	)			24.27				(8,000	)		$	13.35
Balance as of December 31, 2011			4,682,737			$	29.45				1,098,546			$	25.08				80,000			$	23.52
Granted			570,700				66.19				—				—				—				—
Exercised			(861,397	)			22.54				(744,974	)			25.84				(64,000	)		$	22.62
Forfeited			(61,630	)			40.95				—				—				—				—
Balance as of December 31, 2012			4,330,410			$	35.50				353,572			$	23.47				16,000			$	27.10
Vested or expected to vest as of December 31, 2012			4,330,410			$	35.50				353,572			$	23.47				16,000			$	27.10
Options exercisable as of December 31, 2012			864,558			$	21.69				353,572			$	23.47				16,000			$	27.10

Assumptions Used to Estimate Weighted Average Fair Value of Options

The following assumptions were used to estimate the weighted average fair value of options of $23.40, $18.44, and $9.30 granted during the years ended December 31, 2012, 2011, and 2010, respectively:

		For the Year Ended December 31,
		2012				2011				2010
Weighted-average volatility			50	%			49	%			48	%
Expected dividend yield			2.2	%			1.9	%			3.0	%
Expected term (in years)			4.6				4.7				5.1
Weighted average risk free interest rate			0.7	%			1.4	%			2.5	%

Summary of Restricted Stock Activity

The following table summarizes restricted stock activity for the year ended December 31, 2012:

		Shares Outstanding				Weighted Average Grant Price
Balance as of December 31, 2011			424,248			$	30.09
Granted			333,800				70.12
Vested			(206,000	)			21.55
Canceled/Forfeited			(7,616	)			61.99
Balance as of December 31, 2012			544,432			$	57.15
Expected to vest as of December 31, 2012			544,432			$	57.15

X

- Definition

Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (h)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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- Definition

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

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

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- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (f)(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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