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COMMON STOCK (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of compensation expense and tax benefits for stock-based awards and programs

We recognized the following amounts in compensation expense and tax benefits for all of our stock-based awards and programs for the applicable years ended December 31 (in thousands):

	2012		2011		2010

Compensation expense	$	1,863	$	1,765	$	3,193
Tax benefit recognized		649		614		1,160

Schedule of shares of time-vested restricted stock granted to qualified individuals at the fair market value

	December 31, 2012					December 31, 2011

	Number of shares			Weighted Average Fair Market Value		Number of shares			Weighted Average Fair Market Value
Outstanding at January 1,		3,433		$	21.84		—		$	—
Granted		—			—		10,200		$	21.84
Vested		—			—		794		$	19.32
Distributed		(133	)	$	20.13		(661	)	$	21.02
Forfeited		—			—		(6,106	)	$	—
Vested but not distributed		—			—		133		$	20.13
Outstanding at December 31,		3,300		$	20.358		3,433		$	21.84

Schedule of assumptions used in valuation of performance-based restricted stock awards

	Fair Value of Grants Outstanding at December 31,

	2012	2011	2010
Risk-free interest rate	0.16% to 0.25%	0.12% to 0.23%	0.30% to 0.62%
Expected volatility of Empire stock	20.6%	23.8%	26.9%
Expected volatility of peer group stock	12.4% to 29.2%	15.7% to 57.4%	21.7% to 82.7%
Expected dividend yield on Empire stock	4.9%	4.7%	6.5%
Expected forfeiture rates	3%	3%	3%
Plan cycle	3 years	3 years	3 years
Fair value percentage	18.0% to 96.0%	51.0% to 75.0%	138.0% to 193.7%
Weighted average fair value per share	$10.94	$13.67	$37.17

Schedule of non-vested restricted stock awards (based on target number) and changes during the reporting period

	2012					2011					2010

	Number of Shares			Weighted Average Grant Date Fair Value		Number of Shares			Weighted Average Grant Date Fair Value		Number Of Shares			Weighted Average Grant Date Fair Value
Outstanding at January 1,		37,400		$	19.28		47,500		$	19.86		52,200		$	21.57
Granted		10,000		$	20.97		10,900		$	21.84		13,000		$	18.36
Awarded		(7,823	)	$	18.12		(39,621	)	$	21.92		(15,104	)	$	23.81
Awarded in excess of target		—		$	—		18,621		$	21.92
Not awarded		(5,677	)	$	18.12		—		$	—		(2,596	)	$	—

Nonvested at December 31,		33,900		$	20.25		37,400		$	19.28		47,500		$	19.86

Schedule of assumptions used in the valuations of stock options

	Fair Value of Grants Outstanding at December 31,

	2012	2011	2010
Risk-free interest rate	0.11% to 0.44%	0.12% to 0.72%	0.45% to 2.34%
Dividend yield	4.9%	4.7%	6.5%
Expected volatility	24.0%	25.0%	23.0%
Expected life in months	78	78	78
Market value	$20.38	$21.09	$22.20
Weighted average fair value per option	$1.34	$2.08	$2.02

Schedule of stock options activity

	2012				2011				2010

	Options		Weighted Average Exercise Price		Options		Weighted Average Exercise Price		Options		Weighted Average Exercise Price
Outstanding at January 1,		190,300	$	21.56		267,400	$	21.69		232,600	$	22.19
Granted		0	$	—		0	$	—		34,800	$	18.36
Exercised		27,000	$	18.12		77,100	$	22.02		—	$	—

Outstanding at December 31,		163,300	$	22.13		190,300	$	21.56		267,400	$	21.69

Exercisable, end of year		128,500	$	23.15		128,500	$	23.15		149,200	$	23.04

Schedule of aggregate intrinsic values of stock options

	2012	2011	2010

Aggregate intrinsic value (in millions)	$0.1	$0.2	$0.3
Weighted-average remaining contractual life of outstanding options	3.2 years	5.1 years	6.6 years
Range of exercise prices	$18.36 to $23.81	$18.12 to $23.81	$18.12 to $23.81
Total unrecognized compensation expense (in millions) related to non-vested options and related dividend equivalents granted under the plan	Less than $0.1	$0.1	$0.2
Recognition period	1 month	1 year	1 – 3 years

Schedule of employee stock purchase plan

	2012			2011		2010

Subscriptions outstanding at December 31,		70,850			70,756		71,326
Maximum subscription price	$	17.95	⁽¹⁾	$	17.27	$	16.06
Shares of stock issued		65,919			69,229		66,723
Stock issuance price	$	17.27		$	16.06	$	14.62

(1): Stock will be issued on the closing date of the purchase period, which runs from June 1, 2012 to May 31, 2013.

Schedule of assumptions used in valuation of shares under employee stock purchase plan

	2012			2011			2010

Weighted average fair value of grants	$	3.19		$	3.17		$	2.28
Risk-free interest rate		0.17	%		0.18	%		0.35	%
Dividend yield		5.00	%		2.60	%		7.20	%
Expected volatility⁽¹⁾		24.00	%		22.00	%		17.00	%
Expected life in months		12			12			12
Grant date		6/1/12			6/1/11			6/1/10

(1): One-year historic volatility

Schedule of shares accrued to directors' accounts and shares available for issuance under Stock Unit Plan for directors



Shares accrued to directors' accounts	143,058	133,956
Shares available for issuance	258,960	280,282

Schedule of units accrued and redeemed under Stock Unit Plan for directors



Units accrued for service and dividends	30,426	25,287	33,364
Units redeemed for common stock	21,324	31,243	6,347

Schedule of shares contributed under 401(k) plan and ESOP

		2012			2011			2010

Shares contributed			65,502			68,523			64,830