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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Share-Based Compensation [Abstract]  
Schedule Of Share-Based Compensation Information

 

 

 

 

 

 

 

 

 

Years ended December 31,

 

 

2012

 

2011

 

2010

Share-based compensation:

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense relating to share grants (a)

 

$            3,903,000 

 

$              5,665,000 

 

$            3,260,000 

Adjustments to reflect changes in market price of

 

 

 

 

 

 

Company's common stock

 

10,000 

 

(775,000)

 

(281,000)

Total charged to operations (b)

 

$            3,913,000 

 

$              4,890,000 

 

$            2,979,000 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average

 

 

 

 

Shares

 

grant date value

 

 

Unvested shares, December 31, 2011

 

1,106,000 

 

$                       5.31 

 

 

Restricted share grants (c)

 

2,948,000 

 

4.68 

 

 

Vested during period

 

(436,000)

 

4.86 

 

 

Forfeitures/cancellations

 

(103,000)

 

5.73 

 

 

Unvested shares, December 31, 2012

 

3,515,000 

 

$                       4.83 

 

 

 

 

 

 

 

 

 

(a) Includes expense relating to equity and liability awards, as discussed below.

(b) The 2012 and 2011 amounts include $362,000 and $1,980,000 applicable to accelerated vestings, respectively, and are included in management transition charges and employee termination costs.

(c) Includes 2,250,000 shares granted to the Company's President and Chief Executive Officer in 2011, but not issued until 2012, as discussed below.

 

Summary Of Information Relating To Performance-Based Grants

 

 

 

 

 

 

 

 

 

 

 

 

Absolute TSR

 

Relative TSR

 

 

Grant date

 

Annual

 

 

 

 

Grant

Shares

market

Portion of

average

Appraisal

 

Portion of

Appraisal

year

granted

price

grant

return

value

 

grant

value

2011

275,000 

$         6.54

50%

8%

$        4.40

 

50%

$         5.91

2010

227,000 

$         6.70

50%

6%

$        4.56

 

50%

$         6.00