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Stock Plans (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule Of Stock-Based Compensation Expense
Stock-based compensation expense was as follows:
(In thousands)
2017
 
2016
 
2015
Restricted stock
$
4,691

 
$
3,456

 
$
3,035

Stock options
380

 
2,459

 
2,454

Performance stock
6,687

 
3,296

 
2,110

Total compensation expense before income taxes
11,758

 
9,211

 
7,599

Income tax benefit
4,440

 
3,375

 
2,896

Total compensation expense, net of income tax benefit
$
7,318

 
$
5,836

 
$
4,703

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 2016 and 2015. There were no stock options granted in 2017.
 
2016
 
2015
Fair value per option
$
11.69

 
$
15.63

Risk-free interest rate
1.6
%
 
1.8
%
Expected dividend yield
2.8
%
 
2.3
%
Expected volatility
34
%
 
39
%
Expected life (years)
7.0

 
6.7

Summary Of Option Activity
A summary of option activity follows:
 
Shares
 
Weighted
Average
Exercise Price
 
Exercisable at
Year-end
Outstanding January 1, 2015
1,618,561

 
$
35.74

 
 
Granted
170,683

 
48.64

 
 
Exercised
(64,752
)
 
38.59

 
 
Expired
(1,109
)
 
44.36

 
 
Forfeited
(28,708
)
 
49.71

 
 
Outstanding December 31, 2015
1,694,675

 
36.69

 
1,280,665

Granted
235,233

 
44.50

 
 
Exercised
(341,063
)
 
37.34

 
 
Forfeited
(12,753
)
 
46.11

 
 
Outstanding December 31, 2016
1,576,092

 
37.63

 
1,098,615

Exercised
(620,646
)
 
29.75

 
 
Outstanding December 31, 2017
955,446

 
$
42.75

 
614,414

Characteristics of Outstanding and Exercisable Stock Options
For various exercise price ranges, characteristics of outstanding and exercisable stock options at December 31, 2017 were as follows:
 
Stock Options Outstanding
Range of Exercise Prices
Shares
 
Weighted-Average
Exercise Price
 
Remaining Life
$17.83 – $33.00
85,607

 
$
23.98

 
1.82
$33.01 – $45.00
464,364

 
40.23

 
5.59
$45.01 – $51.69
405,475

 
49.61

 
5.96
$17.83 – $51.69
955,446

 
$
42.75

 
5.41
 
Stock Options Exercisable
Range of Exercise Prices
Shares
 
Weighted-Average
Exercise Price
 
Remaining Life
$17.83 – $33.00
85,607

 
$
23.98

 
1.82
$33.01 – $45.00
260,278

 
36.88

 
3.57
$45.01 – $51.69
268,529

 
50.10

 
5.34
$17.83 – $51.69
614,414

 
$
40.86

 
4.10
Summary of Restricted Stock and Unit Activity
A summary of restricted stock and unit activity follows:
 
Shares
 
Weighted Average
Grant Date
Fair Value
Unvested at January 1, 2015
268,743

 
$
45.34

Granted
83,725

 
48.06

Vested
(111,834
)
 
39.01

Forfeited
(22,925
)
 
45.84

Unvested at December 31, 2015
217,709

 
49.70

Granted
107,465

 
50.65

Vested
(76,568
)
 
49.12

Forfeited
(14,014
)
 
48.23

Unvested at December 31, 2016
234,592

 
49.76

Granted
72,878

 
75.27

Vested
(76,834
)
 
52.74

Forfeited
(3,475
)
 
50.46

Unvested at December 31, 2017
227,161

 
$
57.50

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, 2015
143,961

 
$
52.42

Granted
87,256

 
41.99

Vested
(52,839
)
 
41.75

Performance adjustments
3,086

 
41.45

Forfeited
(9,820
)
 
51.51

Unvested at December 31, 2015
171,644

 
50.24

Granted
65,355

 
44.28

Vested
(31,093
)
 
58.54

Performance adjustments
(15,682
)
 
58.54

Forfeited
(3,603
)
 
44.47

Unvested at December 31, 2016
186,621

 
46.18

Granted
98,886

 
72.73

Vested
(72,504
)
 
57.19

Performance adjustments
29,183

 
57.27

Unvested at December 31, 2017
242,186

 
$
55.06