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Stock-Based Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2014
Share-based Compensation [Abstract]  
Weighted Average Assumptions Used To Determine The Options Fair Value
The following table presents the weighted average assumptions used to determine the fair value of options granted in the three month periods ending March 31, 2014 and 2013.
 
Three Months Ended
Three Months Ended
 
March 31,
March 31,
 
2014
2013
Expected dividend yield
0.4
%
0.5
%
Expected volatility
30.8
%
59.7
%
Risk-free rate
0.7
%
0.7
%
Expected option life (in years)
4.5

4.5

Summary Of Stock Option Activity
A summary of the Plans' stock option activity for the three months ended March 31, 2014 and March 31, 2013 is presented below:
Stock Options
Common
Shares
 
Weighted
Average
Strike Price
 
Remaining
Contractual
Term (1)
 
Intrinsic
Value (2)
($000)
Outstanding at January 1, 2014
1,524,672

 
$
42.00

 
 
 
 
Granted
358,440

 
46.86

 
 
 
 
Exercised
(77,311
)
 
34.79

 
 
 
 
Forfeited or canceled
(18,898
)
 
45.56

 
 
 
 
Outstanding at March 31, 2014
1,786,903

 
$
43.25

 
3.7
 
$
12,834

Exercisable at March 31, 2014
1,166,309

 
$
43.96

 
2.4
 
$
8,655

Stock Options
Common
Shares
 
Weighted
Average
Strike Price
 
Remaining
Contractual
Term (1)
 
Intrinsic
Value (2)
($000)
Outstanding at January 1, 2013
1,745,427

 
$
42.31

 
 
 
 
Granted
219,695

 
37.85

 
 
 
 
Exercised
(8,336
)
 
24.98

 
 
 
 
Forfeited or canceled
(6,330
)
 
41.49

 
 
 
 
Outstanding at March 31, 2013
1,950,456

 
$
41.89

 
3.3
 
$
3,975

Exercisable at March 31, 2013
1,437,240

 
$
44.64

 
2.3
 
$
2,318


Summary Of Plans' Restricted Share And Performance-Vested Stock Award Activity
A summary of the Plans' restricted share activity for the three months ended March 31, 2014 and March 31, 2013 is presented below:
 
 
Three months ended March 31, 2014
 
Three months ended March 31, 2013
Restricted Shares
Common
Shares

Weighted
Average
Grant-Date
Fair Value

Common
Shares

Weighted
Average
Grant-Date
Fair Value
Outstanding at January 1
181,522

 
$
43.39

 
314,226

 
$
37.99

Granted
2,775

 
46.86

 

 

Vested and issued
(24,900
)
 
33.81

 
(109,725
)
 
31.67

Forfeited
(451
)
 
44.29

 
(674
)
 
32.10

Outstanding at March 31
158,946

 
$
44.95

 
203,827

 
$
41.40

Vested, but not issuable at March 31
85,000

 
$
51.88

 
85,000

 
$
51.88


A summary of the 2007 Plan's performance-based stock award activity, based on the target level of the awards, for the three months ended March 31, 2014 and March 31, 2013 is presented below:

 
Three months ended March 31, 2014
 
Three months ended March 31, 2013
Performance-based Stock
Common
Shares
 
Weighted
Average
Grant-Date
Fair Value
 
Common
Shares
 
Weighted
Average
Grant-Date
Fair Value
Outstanding at January 1
307,512

 
$
34.01

 
214,565

 
$
32.08

Granted
91,501

 
46.86

 
102,160

 
37.84

Vested and issued
(15,944
)
 
33.25

 

 

Forfeited
(81,551
)
 
33.38

 
(2,359
)
 
33.02

Outstanding at March 31
301,518

 
$
38.12

 
314,366

 
$
33.95