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Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2011
Weighted-Average Assumptions Used to Estimate the Grant Date Fair Values for Stock Options Granted

Weighted-average assumptions used to estimate the grant date fair values for stock options granted in the nine month periods ended September 30, 2011 and 2010 follow:

 

     Nine Months Ended
September 30,
 
     2011     2010  

Volatility

     45.97     45.98

Expected term (in years)

     5.00        5.00   

Dividend yield

     0.67     1.35

Risk-free interest rate

     2.34     2.47 %
Stock Option Activity

Stock option activity from January 1, 2011 to September 30, 2011 follows:

 

     Underlying
Shares
    Weighted
Average
Exercise
Price
 

Outstanding at January 1, 2011

     7,710,102      $ 19.58   

Granted

     419,500      $ 30.28   

Exercised

     (838,307   $ 16.75   
  

 

 

   

 

 

 

Outstanding at September 30, 2011

     7,291,295      $ 20.52   
  

 

 

   

 

 

 

Exercisable at September 30, 2011

     6,112,320      $ 20.63   
  

 

 

   

 

 

 
Restricted Stock Activity

Restricted stock activity from January 1, 2011 to September 30, 2011 follows:

 

     Shares     Weighted
Average
Grant Date
Fair Value
 

Non-vested restricted stock outstanding at January 1, 2011

     1,114,051      $ 16.05   

Granted

     767,300      $ 30.71   

Vested

     (538,508   $ 17.85   

Forfeited

     (44,858   $ 21.57   
  

 

 

   

 

 

 

Non-vested restricted stock outstanding at September 30, 2011

     1,297,985      $ 23.78   
  

 

 

   

 

 

 
Restricted Stock Unit Activity

Restricted stock unit activity from January 1, 2011 to September 30, 2011 follows:

 

     Shares     Weighted
Average
Grant Date
Fair Value
 

Non-vested restricted stock units outstanding at January 1, 2011

     17,834      $ 19.73   

Granted

     10,000      $ 30.63   

Vested

     (10,333   $ 23.94   

Forfeited

     —        $ —     
  

 

 

   

 

 

 

Non-vested restricted stock units outstanding at September 30, 2011

     17,501      $ 23.47