XML 39 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock Options (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Assumptions on Stock Options

The fair value of stock option awards was estimated using the Black-Scholes option pricing model with the following assumptions and weighted-average fair values:

 

     Six Months Ended June 30,  
     2014     2013  

Weighted-average fair value of grant

   $ 11.27      $ 8.76   

Risk-free interest rate

     1.04     .54

Expected volatility

     45.65     50.19

Expected life of options in years

     3.71        3.69   

Expected dividend yield

     —          —     
Summary of Stock Option Activity

A summary of stock option activity for the six months ended June 30, 2014 follows (shares in thousands):

 

Options

   Shares     Weighted-
Average
Exercise
Price
     Weighted-
Average
Remaining
Contractual
Term (years)
     Aggregate
Intrinsic
Value
($ in millions)
 

Outstanding at December 31, 2013

     2,698      $ 32.74         

Granted

     747        32.28         

Exercised

     (241     13.52         

Forfeited and expired

     (167     114.73         
  

 

 

         

Outstanding at June 30, 2014

     3,037        29.65         2.85       $ 3.7   
  

 

 

         

Expected to vest at June 30, 2014

     1,418        27.36         3.98         1.6   
  

 

 

         

Exercisable at June 30, 2014

     1,576        31.74         1.80         2.1   
  

 

 

         
Summary of Restricted Stock Unit Activity

A summary of restricted stock unit activity for the six months ended June 30, 2014 follows (shares in thousands):

 

     Restricted
Stock
Units
    Weighted-
Average
Grant-Date
Fair Value
 

Outstanding at December 31, 2013

     401      $ 23.45   

Granted

     394        32.20   

Vested

     (101     26.85   

Forfeited and expired

     (189     23.98   
  

 

 

   

Outstanding at June 30, 2014

     505        29.39