Quarterly report pursuant to Section 13 or 15(d)

Share-Based Payments (Tables)

v2.3.0.15
Share-Based Payments (Tables)
 9 Months Ended
Sep. 30, 2011
Share-Based Payments [Abstract]  
Weighted-average assumptions, estimates for fair values of options
The fair values were estimated using the following weighted-average assumptions:

 
Nine months ended
  
 
September 30,
    
September 30,
  
 
2011
    
2010
  
Expected dividend yield
 1.0 %   1.3 %
Expected stock price volatility
 44.9 %   45.7 %
Weighted average risk-free interest rate
 2.4 %   2.5 %
Expected life of options (years)
 4.6     4.5  
Summary of employee stock option activity
The following tables summarize the Company’s employee stock option activity and related information for the three months ended September 30, 2011:
 
 
Three months ended September 30, 2011
                   
Weighted-
       
Weighted-
  
Aggregate
  
Average
       
Average
  
Intrinsic
  
Remaining
 
Options
    
Exercise
  
Value
  
Contractual
 
(000)
    
Price
  
(000)
  
Term
Outstanding at June 30, 2011
3,498
    
$
26
          
Granted
-
      
-
          
Exercised
 (4
)
    
 22
          
Forfeited
 -
 
    
 -
          
Outstanding at September 30, 2011
 3,494
    
$
 26
  
$
14,336 
  
3.6 
Exercisable at September 30, 2011
 2,714
    
$
 27
  
$
9,053 
  
3.2 
 
The following tables summarize the Company’s employee stock option activity and related information for the nine months ended September 30, 2011:

 
Nine months ended September 30, 2011
                   
Weighted-
       
Weighted-
  
Aggregate
  
Average
       
Average
  
Intrinsic
  
Remaining
 
Options
    
Exercise
  
Value
  
Contractual
 
(000)
    
Price
  
(000)
  
Term
Outstanding at December 31, 2010
3,702
    
$
26
          
Granted
118
      
29
          
Exercised
 (321
)
    
 23
          
Forfeited
 (5
)
    
 25
          
Outstanding at September 30, 2011
 3,494
    
$
 26
  
$
14,336 
  
3.6 
Exercisable at September 30, 2011
 2,714
    
$
 27
  
$
9,053 
  
3.2