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Stock Plans (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule Of Stock-Based Compensation Expense
Stock-based compensation expense was as follows:
(In thousands)
2014
 
2013
 
2012
Restricted stock
$
4,026

 
$
4,129

 
$
4,744

Stock options
2,355

 
2,825

 
2,435

Performance stock
2,672

 
3,383

 
2,831

Total compensation expense before income taxes
9,053

 
10,337

 
10,010

Income tax benefit
3,293

 
3,810

 
3,700

Total compensation expense, net of income tax benefit
5,760

 
6,527

 
6,310

Schedule Of Fair Value Weighted Average Assumptions For Options Granted
Stock option expense is based on the fair value of stock option grants estimated on the grant dates using the Black-Scholes option pricing model and the following weighted average assumptions for options granted in 2014, 2013 and 2012.
 
2014
 
2013
 
2012
Fair value per option
$
17.26

 
$
14.17

 
$
10.77

Risk-free interest rate
2.1
%
 
1.2
%
 
1.2
%
Expected dividend yield
2.4
%
 
2.8
%
 
3.1
%
Expected volatility
41
%
 
39
%
 
41
%
Expected life (years)
6.6

 
6.1

 
6.1

Summary Of Option Activity
A summary of option activity follows:
 
Shares
 
Weighted
Average
Exercise Price
 
Exercisable at
Year-end
Outstanding January 1, 2012
1,818,640

 
$
30.94

 
 
Granted
196,469

 
37.33

 
 
Exercised
(223,022
)
 
18.93

 
 
Expired
(5,093
)
 
43.33

 
 
Forfeited
(2,334
)
 
36.69

 
 
Outstanding December 31, 2012
1,784,660

 
33.05

 
1,100,300

Granted
188,407

 
49.03

 
 
Exercised
(277,687
)
 
34.72

 
 
Outstanding December 31, 2013
1,695,380

 
34.55

 
1,178,657

Granted
138,519

 
51.69

 
 
Exercised
(190,743
)
 
36.31

 
 
Expired
(1,071
)
 
45.68

 
 
Forfeited
(23,524
)
 
38.82

 
 
Outstanding December 31, 2014
1,618,561

 
35.74

 
1,147,712

Characteristics of Outstanding and Exercisable Stock Options
For various exercise price ranges, characteristics of outstanding and exercisable stock options at December 31, 2014 were as follows:
 
Stock Options Outstanding
Range of Exercise Prices
Shares
 
Weighted-Average
Exercise Price
 
Remaining Life
$17.83 – $29.33
541,669

 
$
21.71

 
4.6 years
$33.55 – $40.88
507,688

 
37.14

 
4.7
$41.26 – $51.69
569,204

 
47.83

 
6.1
$17.83 – $51.69
1,618,561

 
35.74

 
5.2
 
Stock Options Exercisable
Range of Exercise Prices
Shares
 
Weighted-Average
Exercise Price
 
Remaining Life
$17.83 – $29.33
541,669

 
$
21.71

 
4.6 years
$33.55 – $40.88
360,801

 
37.33

 
3.7
$41.26 – $48.95
245,242

 
45.17

 
3.0
$17.83 – $48.95
1,147,712

 
31.63

 
4.0
Summary of Restricted Stock Activity
 
Shares
 
Weighted Average
Grant Date
Fair Value
Unvested at January 1, 2012
512,254

 
$
25.66

Granted
130,985

 
37.61

Vested
(209,897
)
 
20.44

Forfeited
(15,499
)
 
28.37

Unvested at December 31, 2012
417,843

 
31.92

Granted
92,448

 
48.98

Vested
(197,465
)
 
27.42

Forfeited
(9,407
)
 
40.23

Unvested at December 31, 2013
303,419

 
39.79

Granted
83,543

 
51.91

Vested
(108,245
)
 
34.94

Forfeited
(9,974
)
 
44.42

Unvested at December 31, 2014
268,743

 
45.34

Summary of Performance Stock Unit Activity
A summary of performance stock unit activity follows:
 
Shares
 
Weighted Average
Grant Date
Fair Value
Unvested at January 1, 2012
125,443

 
$
25.27

Granted
54,928

 
41.33

Vested
(47,706
)
 
18.23

Performance adjustments
5,679

 
26.39

Forfeited
(672
)
 
41.45

Unvested at December 31, 2012
137,672

 
35.85

Granted
53,357

 
57.58

Vested
(45,809
)
 
26.08

Performance adjustments
4,169

 
25.84

Unvested at December 31, 2013
149,389

 
46.32

Granted
46,242

 
57.42

Vested
(91,696
)
 
39.19

Performance adjustments
41,428

 
39.42

Forfeited
(1,402
)
 
48.85

Unvested at December 31, 2014
143,961

 
52.42