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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Activity in Corporation's Active Stock Plans

A combined summary of activity in the Corporation’s active stock plans is presented in the following table.

 

                  Non-Vested Stock
Awards/Stock Units
Outstanding
    
Stock Options
Outstanding
 
    
Shares
Available
for Grant
    Director
Deferred
Stock Units
Outstanding
    

Number
of Shares
     Weighted-
Average
Grant-Date
Fair Value
    

Number
of Shares
    Weighted-
Average
Exercise
Price
 

Balance, January 1, 2013

     1,157,413        27,724         188,560       $ 51.67         5,513,516      $ 51.94   

Authorized

     2,293,660        —           —           —           —          —     

Granted

     (5,500     5,500         —           —           —          —     

Stock options exercised

     —          —           —           —           (662,224     51.63   

Stock awards vested

     —          —           —           —           —          —     

Forfeited

     30,375        —           —           —           (30,375     51.32   

Cancelled/expired

     —          —           —           —           —          —     
  

 

 

   

 

 

    

 

 

       

 

 

   

Balance, June 30, 2013

     3,475,948        33,224         188,560       $ 51.67         4,820,917      $ 51.99   
  

 

 

   

 

 

    

 

 

       

 

 

   
Shares Issued in Connection with Stock Compensation Awards

Shares issued in connection with stock compensation awards along with other related information were as follows:

 

      Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2013      2012      2013      2012  

New shares issued from available authorized shares

     —           31,511         153,275         132,671   

Issued from available treasury stock

     266,799         —           508,949         7,640   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     266,799         31,511         662,224         140,311   
  

 

 

    

 

 

    

 

 

    

 

 

 

Proceeds from stock option exercises

   $ 13,743       $ 1,669       $ 34,189       $ 7,211   
Stock-Based Compensation Expense

Stock-based compensation expense was as follows:

 

      Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2013      2012      2013      2012  

Stock options

   $ 1,968       $ 2,158       $ 3,966       $ 4,359   

Non-vested stock awards/stock units

     345         355         689         709   

Deferred stock units

     330         330         330         330   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 2,643       $ 2,843       $ 4,985       $ 5,398   
  

 

 

    

 

 

    

 

 

    

 

 

 
Unrecognized Stock-Based Compensation Expense

Unrecognized stock-based compensation expense at June 30, 2013 was as follows:

 

Stock options

   $ 13,374   

Non-vested stock awards/stock units

     2,245   
  

 

 

 

Total

   $ 15,619