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Stock-Based Payment Arrangements (Tables)
12 Months Ended
Dec. 31, 2011
Stock-Based Payment Arrangements [Abstract]  
Schedule of option activity under stock option plans

Options

   Number of
Shares
    Weighted-
Average
Exercise
Price ($)
     Weighted-
Average
Remaining
Contractual
Term
(Years)
     Aggregate
Intrinsic
Value ($000)
 

Outstanding at January 1, 2011

     1,129,520      $ 35.08         
  

 

 

   

 

 

    

 

 

    

 

 

 

Whitney options converted at acquisition date

     775,261      $ 62.64         

Granted

     200,601      $ 29.97         

Exercised

     (21,919   $ 18.14         

Forfeited or expired

     (396,556   $ 61.83         
  

 

 

   

 

 

    

 

 

    

 

 

 

Outstanding at December 31, 2011

     1,686,907      $ 41.05         5.2       $ 1,642   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at December 31, 2011

     1,183,667      $ 44.25         3.6       $ 1,241
Schedule of nonvested shares
     Number of
Shares
    Weighted-
Average
Grant-Date
Fair Value
 

Nonvested at January 1, 2011

     855,873      $ 23.76   

Granted

     827,656      $ 26.06   

Vested

     (194,452   $ 18.41   

Forfeited

     (28,101   $ 27.41   
  

 

 

   

Nonvested at December 31, 2011

     1,460,976      $ 25.70   
  

 

 

   
Stock options, valuation assumption
   2011*   2010   2009*

Expected volatility

   38.90%   40.53%   40.45%

Expected dividends

   3.20%   2.9%-2.99%   2.49%

Expected term (in years)

   6.38   9.55   8.7

Risk-free rates

   1.99%   2.73%-3.33%   3.28%

 

*

During 2011 and 2009, there was only one option award to one class of recipients.