the weighted average grant date fair value of options granted during 2012 , 2011 , and 2010 was $ 13 , $ 19 and $ 20 per share , respectively .the total intrinsic value of options exercised during the years ended december 31 , 2012 , 2011 and 2010 , was $ 19.0 million , $ 4.2 million and $ 15.6 million , respectively .in 2012 , the company granted 931340 shares of restricted class a common stock and 4048 shares of restricted stock units .restricted common stock and restricted stock units generally have a vesting period of 2 to 4 years .the fair value related to these grants was $ 54.5 million , which is recognized as compensation expense on an accelerated basis over the vesting period .beginning with restricted stock grants in september 2010 , dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests .in 2012 , the company also granted 138410 performance shares .the fair value related to these grants was $ 7.7 million , which is recognized as compensation expense on an accelerated and straight-lined basis over the vesting period .the vesting of these shares is contingent on meeting stated performance or market conditions .the following table summarizes restricted stock , restricted stock units , and performance shares activity for 2012 : number of shares weighted average grant date fair value outstanding at december 31 , 2011 ..............1432610 $ 57 .
[['', 'number of shares', 'weightedaveragegrant datefair value'], ['outstanding at december 31 2011', '1432610', '$ 57'], ['granted', '1073798', '54'], ['vested', '-366388 ( 366388 )', '55'], ['cancelled', '-226493 ( 226493 )', '63'], ['outstanding at december 31 2012', '1913527', '54']]
outstanding at december 31 , 2012 ..............1913527 54 the total fair value of restricted stock , restricted stock units , and performance shares that vested during the years ended december 31 , 2012 , 2011 and 2010 , was $ 20.9 million , $ 11.6 million and $ 10.3 million , respectively .eligible employees may acquire shares of class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration .shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq global select market .compensation expense is recognized on the dates of purchase for the discount from the closing price .in 2012 , 2011 and 2010 , a total of 27768 , 32085 and 21855 shares , respectively , of class a common stock were issued to participating employees .these shares are subject to a six-month holding period .annual expense of $ 0.1 million , $ 0.2 million and $ 0.1 million for the purchase discount was recognized in 2012 , 2011 and 2010 , respectively .non-executive directors receive an annual award of class a common stock with a value equal to $ 75000 .non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 25000 , in shares of stock based on the closing price at the date of distribution .as a result , 40260 , 40585 and 37350 shares of class a common stock were issued to non-executive directors during 2012 , 2011 and 2010 , respectively .these shares are not subject to any vesting restrictions .expense of $ 2.2 million , $ 2.1 million and $ 2.4 million related to these stock-based payments was recognized for the years ended december 31 , 2012 , 2011 and 2010 , respectively .19 .fair value measurements in general , the company uses quoted prices in active markets for identical assets to determine the fair value of marketable securities and equity investments .level 1 assets generally include u.s .treasury securities , equity securities listed in active markets , and investments in publicly traded mutual funds with quoted market prices .if quoted prices are not available to determine fair value , the company uses other inputs that are directly observable .assets included in level 2 generally consist of asset- backed securities , municipal bonds , u.s .government agency securities and interest rate swap contracts .asset-backed securities , municipal bonds and u.s .government agency securities were measured at fair value based on matrix pricing using prices of similar securities with similar inputs such as maturity dates , interest rates and credit ratings .the company determined the fair value of its interest rate swap contracts using standard valuation models with market-based observable inputs including forward and spot exchange rates and interest rate curves. .

Question: what is the percentage change in the total value of outstanding balance from 2011 to 2012?
Answer: 26.5%