XML 20 R70.htm IDEA: XBRL DOCUMENT v2.4.0.6
EMPLOYEE BENEFIT PLANS, SHARE-BASED PAYMENT AWARDS (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Options Outstanding [Roll Forward]      
Option exercised (in shares) 455,051 346,489 87,825
Stock Options [Member]
     
Options Outstanding [Roll Forward]      
Options outstanding - beginning of period (in shares) 2,893,760 [1] 3,213,007 [1] 3,266,920
Options granted 24,440 91,583 97,294
Option exercised (in shares) 455,051 385,758 87,825
Options forfeited (in shares) 7,012 25,072 63,382
Options outstanding - end of period (in shares) 2,456,137 [1] 2,893,760 [1] 3,213,007 [1]
Options Outstanding, Weighted Average Exercise Price [Roll Forward]      
Weighted average exercise price of grants ( in dollars per share) 13.86 15.46 12.75
Weighted average exercise price of exercised options ( in dollars per share) 12.32 10.93 11.53
Weighted average exercise price of forfeited options ( in dollars per share) 19.90 15.76 12.66
Weighted average exercise price of outstanding options - end of period ( in dollars per share) 15.63 15.13 14.63
Remaining options available for grant (in shares) 249,230 412,588 623,304
Vested options at end of period ( in shares) 2,317,799 2,682,156 2,792,434
Weighted average exercise price of vested options - end of period (in dollars per share) 15.78 15.30 14.92
Cash received for option exercise cost 5,608 3,669 1,012
Income tax benefit recognized 319 371 27
Compensation expense recognized 309 528 967
Remaining unrecognized compensation expense 335 543 567
Weighted average remaining years for which compensation expense is to be recognized 1 year 9 months 18 days 2 years 8 months 12 days 1 year 8 months 12 days
Intrinsic value of options exercised during the period 871 1,209 251
Weighted average fair value per option at the date of grant for stock options granted [Abstract]      
Total options granted (in shares) 24,440 91,583 97,294
Estimated fair value on date of grant (in dollars per share) 4.09 4.82 3.70
Pricing methodology utilized Black- Scholes Black- Scholes Black- Scholes
Expected life 6 years 6 months 11 days 6 years 9 months 18 days 5 years 11 months 26 days
Interest rate (in hundredth) 1.21% 2.59% 2.76%
Volatility (in hundredth) 45.17% 42.35% 43.69%
Dividend yield 4.04% 3.62% 4.39%
Intrinsic value of outstanding options at period end 722 639 4,003
Intrinsic value of vested options at period end 531 395 3,132
Summary of Restricted Stock Awards [Roll Forward]      
Income tax benefit recognized 319 371 27
Weighted average remaining years for which compensation expense is to be recognized 1 year 9 months 18 days 2 years 8 months 12 days 1 year 8 months 12 days
Restricted Stock [Member]
     
Options Outstanding, Weighted Average Exercise Price [Roll Forward]      
Income tax benefit recognized 70 60 85
Weighted average remaining years for which compensation expense is to be recognized 1 year 3 months 18 days 1 year 3 months 18 days 1 year 3 months 18 days
Summary of Restricted Stock Awards [Roll Forward]      
Unvested allocated shares - beginning of period (in shares) 324,454 309,783 295,066
Shares granted (in shares) 141,289 126,304 143,083
Shares vested (in shares) 135,369 109,649 95,107
Shares forfeited (in shares) 2,371 1,984 33,259
Unvested allocated shares - end of period (in shares) 328,003 324,454 309,783
Unallocated shares - end of period (in shares) 0 0 0
Compensation expense recognized 1,842 1,578 1,228
Income tax benefit recognized 70 60 85
Fair value of shares vested during the period 1,834 1,671 1,204
Weighted average remaining years for which compensation expense is to be recognized 1 year 3 months 18 days 1 year 3 months 18 days 1 year 3 months 18 days
Long Term Cash Incentive Payment Plan [Member]
     
Long Term Cash Incentive Payment Plan [Abstract]      
Liability for expected future cash -based long-term incentive payments 1,194    
Compensation expense recognized 717 595 587
[1] (1) At December 31, 2012, 2011 and 2010, respectively, all outstanding options were ultimately expected to vest.