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STOCK PLANS (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of stock option activity
The following table summarizes stock option activity for each of the three years ended December 31, 2012, under all Plans:
 
 
Year Ended December 31,
 
 
2012
 
2011
 
2010
 
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
Balance at beginning of year
 
3,632,463

 
$
26.05

 
3,779,824

 
$
23.99

 
3,596,884

 
$
22.28

Options granted
 
412,980

 
47.66

 
459,263

 
35.34

 
491,010

 
31.29

Options exercised
 
(962,029
)
 
19.52

 
(572,795
)
 
19.82

 
(260,084
)
 
13.49

Options canceled
 
(22,470
)
 
24.07

 
(33,829
)
 
26.62

 
(47,986
)
 
27.84

Balance at end of year
 
3,060,944

 
30.98

 
3,632,463

 
26.05

 
3,779,824

 
23.99

Exercisable at end of year
 
2,208,455

 
27.19

 
2,677,071

 
23.73

 
2,749,168

 
22.40

Weighted average assumptions used for estimating fair value of options granted
The weighted average assumptions for each of the three years ended December 31, 2012 were as follows:
 
 
Year Ended December 31,
 
 
2012
 
2011
 
2010
Expected volatility
 
45.67
%
 
41.92
%
 
42.15
%
Dividend yield
 
1.66
%
 
1.63
%
 
2.02
%
Risk-free interest rate
 
0.70
%
 
0.80
%
 
1.64
%
Expected option life (years)
 
4.5

 
4.3

 
4.9

Weighted average fair value per option granted during the year
 
$
15.87

 
$
10.97

 
$
10.01

Summary of nonvested stock options
The following table summarizes non-vested stock options for the year ended December 31, 2012:
 
 
Year Ended December 31, 2012
 
 
Number of
Options
 
Weighted
Average Fair
Value at Grant
Date
Balance at beginning of year
 
929,382

 
$
10.78

Granted
 
412,980

 
15.87

Vested
 
(470,243
)
 
10.19

Forfeited
 
(19,630
)
 
19.60

Balance at end of year
 
852,489

 
13.63

Summary of information about awards outstanding, by exercise price range
The following table summarizes information about awards outstanding as of December 31, 2012:
 
 
Outstanding
 
Exercisable
 
 
Exercise Price Range
 
Number of
Stock
Options
 
Weighted
Average
Exercise
Price
 
Number of
Stock
Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Life (years)
Under $19.99
 
449,884

 
$
18.59

 
449,884

 
$
18.59

 
2.4
$20.00 - $32.99
 
1,389,730

 
27.79

 
1,284,025

 
27.50

 
6.5
Over $33.00
 
1,221,330

 
39.18

 
474,546

 
34.50

 
8.0
 
 
3,060,944

 
 

 
2,208,455

 
 

 
6.5
Summary of restricted share award activity
The following table summarizes restricted share award activity for each of the three years ended December 31, 2012, under all Plans:
 
 
Year Ended December 31,
 
 
2012
 
2011
 
2010
 
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
Shares
 
Weighted
Average
Grant Date
Fair Value
Balance at beginning of year
 
379,233

 
$
28.06

 
523,730

 
$
27.36

 
435,770

 
$
26.61

Shares granted
 
20,099

 
47.81

 
22,779

 
35.55

 
112,864

 
31.05

Shares vested*
 
(62,524
)
 
32.10

 
(159,842
)
 
26.97

 
(24,904
)
 
31.07

Shares forfeited
 

 

 
(7,434
)
 
24.67

 

 

Balance at end of year
 
336,808

 
28.49

 
379,233

 
28.06

 
523,730

 
27.36

_______________________________________________________________________________
*
Includes shares vested but not exercisable
Summary of nonvested restricted shares awards
The following table summarizes non-vested restricted share awards for the year ended December 31, 2012:
 
 
Year Ended December 31, 2012
 
 
Number of
Restricted
Shares
 
Weighted
Average
Fair Value
at Grant Date
Balance at beginning of year
 
355,933

 
$
28.18

Granted
 
20,099

 
47.81

Vested
 
(57,944
)
 
31.93

Balance at end of year
 
318,088

 
28.74

Summary of restricted stock unit activity
The following table summarizes restricted stock unit activity for the years ended December 31, 2012 and 2011, under all Plans:
 
 
Year Ended December 31,
 
 
2012
 
2011
 
 
Units
 
Weighted
Average
Grant Date
Fair Value
 
Units
 
Weighted
Average
Grant Date
Fair Value
Non-vested at beginning of year
 
166,519

 
$
34.55

 

 
$

Units granted
 
133,944

 
47.97

 
166,519

 
34.55

Units vested
 
(10,499
)
 
33.06

 

 

Units forfeited
 
(1,295
)
 
35.55

 

 

Non-vested at end of year
 
288,669

 
40.83

 
166,519

 
34.55