XML 53 R44.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following summarizes the significant assumptions used to determine the fair value of performance shares and related compensation expense as well as the resulting estimated fair value of performance shares granted:
 
2012
 
2011
Risk-free interest rate
0.38
%
 
1.40
%
Expected life, in years
3

 
3

Expected volatility
20.2% to 34.2%

 
25.6% to 47.0%

Dividend yield
4.1
%
 
4.9
%
Schedule of Nonvested Share Activity
A summary of nonvested shares as of and changes during the year ended December 31, 2012, are as follows:
 
Performance Share Awards
 
Restricted Stock Awards
 
Shares
 
Weighted-Average Grant-Date
Fair Value
 
Shares
 
Weighted-Average Grant-Date
Fair Value
Beginning nonvested grants
204,713

 
$
20.07

 
2,000

 
$
25.44

Granted
86,546

 
25.18

 
2,500

 
35.78

Vested
(100,723
)
 
19.66

 
(3,500
)
 
33.01

Forfeited
(3,781
)
 
20.96

 

 

Remaining nonvested grants
186,755

 
$
22.64

 
1,000

 
$
24.77

Share-based Compensation Arrangement by Share-based Payment Award  
Schedule of Nonvested Restricted Stock Units Activity
A summary of nonvested shares as of and changes during the year ended December 31, 2012, are as follows:
 
Shares
 
Weighted-Average Grant-Date
Fair Value
Beginning nonvested grants
8,596

 
$
28.00

Granted
8,941

 
27.42

Vested

 

Forfeited

 

Remaining nonvested grants
17,537

 
$
27.70