|
STOCK-BASED COMPENSATION (Tables)
|
12 Months Ended |
|
Dec. 31, 2012
|
| STOCK-BASED COMPENSATION |
|
| Summary of share-based compensation cost by type of program |
|
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
|
|
(In thousands) |
|
2012 |
|
2011 |
|
2010 |
|
|
Restricted stock units expense |
|
$ |
9,050 |
|
$ |
6,433 |
|
$ |
2,784 |
|
|
Stock options expense |
|
|
23 |
|
|
225 |
|
|
703 |
|
| |
|
|
|
|
|
|
|
|
Before-tax share-based compensation expense |
|
|
9,073 |
|
|
6,658 |
|
|
3,487 |
|
|
Income tax benefit |
|
|
(2,785 |
) |
|
(1,755 |
) |
|
(943 |
) |
| |
|
|
|
|
|
|
|
|
After-tax share-based compensation expense |
|
$ |
6,288 |
|
$ |
4,903 |
|
$ |
2,544 |
|
| |
|
|
|
|
|
|
|
|
| Summary of stock option activity under all plans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2012 |
|
|
|
Shares |
|
Weighted
Average
Remaining
Contractual
Terms |
|
Weighted
Average
Exercise
Price |
|
Aggregate
Intrinsic Value (In thousands) |
|
|
Outstanding on January 1, 2012 |
|
|
132,664 |
|
|
|
$ |
297.41 |
|
|
|
|
|
Exercised |
|
|
(2,320 |
) |
|
|
|
21.40 |
|
|
|
|
|
Expired |
|
|
(4,780 |
) |
|
|
|
553.59 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding on December 31, 2012 |
|
|
125,564 |
|
4.7 years |
|
$ |
292.76 |
|
$ |
931 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable as of December 31, 2012 |
|
|
125,564 |
|
4.7 years |
|
$ |
292.76 |
|
$ |
931 |
|
|
Vested or expected to vest as of December 31, 2012 |
|
|
125,564 |
|
4.7 years |
|
$ |
292.76 |
|
$ |
931 |
|
|
| Summary of information about stock options outstanding by range of exercise prices |
|
|
|
|
|
|
|
|
|
|
|
Outstanding and Exercisable |
| Range of Exercise Prices |
|
Shares |
|
Weighted
Average
Exercise
Price |
|
Weighted
Average
Remaining
Contractual
Terms |
|
$8.75 to $41.50 |
|
|
50,148 |
|
$ |
22.73 |
|
6.2 years |
|
$90.50 to $476.00 |
|
|
32,483 |
|
|
212.67 |
|
4.5 years |
|
$510.75 to $1,334.50 |
|
|
42,933 |
|
|
668.77 |
|
3.3 years |
| |
|
|
|
|
|
|
|
|
Total $8.75 to $1,334.50 |
|
|
125,564 |
|
$ |
292.76 |
|
4.7 years |
| |
|
|
|
|
|
|
|
|
| Summary of restricted and deferred stock unit activity under all plans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2012 |
|
|
|
Shares |
|
Weighted
Average
Remaining
Contractual
Terms |
|
Weighted
Average
Grant
Date Fair
Value |
|
Aggregate
Intrinsic Value (In thousands) |
|
|
Outstanding on January 1, 2012 |
|
|
792,815 |
|
|
|
$ |
17.00 |
|
|
|
|
|
Granted |
|
|
409,351 |
|
|
|
|
30.18 |
|
|
|
|
|
Vested and released |
|
|
(460,804 |
) |
|
|
|
11.35 |
|
|
|
|
|
Forfeited |
|
|
(24,455 |
) |
|
|
|
25.86 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding on December 31, 2012 |
|
|
716,907 |
|
1.6 Years |
|
$ |
27.86 |
|
$ |
29,594 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Vested or expected to vest as of December 31, 2012 |
|
|
710,894 |
|
1.5 Years |
|
$ |
27.84 |
|
$ |
29,346 |
|
|
| Weighted average assumptions used in the Monte Carlo simulation model to estimate the fair value of PRSUs granted |
|
|
|
|
|
|
|
PRSU Grants
Years Ended December 31, |
|
|
2012 |
|
2011 |
|
Assumptions: |
|
|
|
|
|
Risk-free interest rate |
|
0.44% |
|
0.95% |
|
Expected life |
|
3.0 years |
|
3.0 years |
|
Expected volatility |
|
45% |
|
45% |
|
Expected dividend yield |
|
1.07% |
|
-% |
|
| Summary of the status of the nonvested share activity under all plans |
|
|
|
|
|
|
|
|
|
|
Year Ended
December 31, 2012 |
|
|
|
Shares |
|
Weighted Average Grant Date Fair Value |
|
|
Nonvested on January 1, 2012 |
|
|
798,710 |
|
$ |
16.81 |
|
|
Granted |
|
|
409,351 |
|
$ |
30.18 |
|
|
Vested |
|
|
(487,515 |
) |
$ |
11.76 |
|
|
Forfeited and expired |
|
|
(24,455 |
) |
$ |
25.86 |
|
| |
|
|
|
|
|
|
|
Nonvested on December 31, 2012 |
|
|
696,091 |
|
$ |
27.90 |
|
| |
|
|
|
|
|
|
|