99 The majority of the nonvested stock awards issued under the 1997 Plan are restricted as to transferability and salability with these restrictions expiring ratably over a three-year or five-year period, expiring after six years from the date of grant or expiring ratably from the second anniversary to the sixth anniversary of the date of grant. A minimal amount of immediately vesting restricted stock held by certain members of the Company’ s Board of Directors in the Deferred Compensation Plan is included in this presentation as nonvested stock. A summary of all nonvested stock and restricted stock units activity for the year ended December 31, 2012 , is as follows (shares in thousands): Shares Outstanding W eighted A verage Grant Date Fair V alue Balance, December 31, 2011 786.7 $ 32.86 Granted 305.4 29.65 Vested (166.0 ) 42.30 Forfeited (72.2 ) 28.47 Balance, December 31, 2012 853.9 $ 30.26 The weighted-average grant date fair value of all nonvested shares and restricted stock units granted, the total fair value (in millions) of all nonvested shares and restricted stock units granted, and the fair value (in millions) of all nonvested shares and restricted stock units that have vested during each of the past three years is as follows:   Year Ended   Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Weighted-average grant date fair value of nonvested shares granted $ 29.65 $ 39.94 $ 24.75 Fair value of nonvested shares granted $ 9.1 $ 7.9 $ 6.1 Fair value of shares vested $ 7.0 $ 2.5 $ 2.9 As of December 31, 2012 , there was $ 12.2 million of total unrecognized compensation cost related to all nonvested stock and restricted stock units. The cost is expected to be recognized over a weighted average period of 2.41 years. There are 193 thousand nonvested stock and restricted stock units with a weighted average grant price of $ 31.60 and a fair value of $ 6.1 million expected to vest in 2013 . 15. Redeemable Noncontr olling Inter est The Company acquired 60% of Procables on October 1, 2012 from the existing shareholders (the “Seller” or “Minority Shareholder”) who maintained control of the remaining 40% of the shares for $27.4 million . For a 36 -month period commencing on the expiration of the no-transfer period of four years, the Minority Shareholder , may exercise a Put Option to sell all of their shares, 40% of the shares, to the Company . The Company shall be irrevocably obligated to purchase the shares. In addition, the Company has a Call Option to purchase the additional 40% of the shares. For a 36-month period commencing on the expiration of the no-transfer period of four years, the Company may exercise a Call Option right to purchase all of the Sellers' shares (the remaining 40%). The consideration to be exchanged, per share in the event of a Put Option or Call Option shall be the higher of the following (1) the final per share purchase price; or (2) a price per Share based on the Company's enterprise value equal to seven times the average of its EBITDA over the two most recently audited year - end financial statements immediately prior to the option being exercised, minus the 12-month average Net Indebtedness of the Company for the most recent audited fiscal year . The Company determined that the put option is embedded within the noncontrolling interest shares that are subject to the put option. The redemption feature requires classification of the Minority Shareholder's interest in the Consolidated Balance Sheet outside of equity under caption “Redeemable Noncontrolling Interest”. The redeemable noncontrolling interest of Procables was recorded on the acquisition date based on the estimated fair value of the shares including the embedded Put Option. The fair value of the Put Option was estimated at the higher of the final per share purchase price or EBITDA average. At December 31, 2012 , the final per share purchase price was greater than the EBITDA average; therefore, the redeemable noncontrolling interest was valued at the same cost as the fair value determined at the opening balance sheet date subject to foreign currency translation. Subsequent adjustments to the value of the redeemable noncontrolling interest due to the redemption feature, if any , will be recognized as they occur and recorded within Net Income. T able of Contents