XML 70 R44.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2013
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Option Pricing Assumptions and Estimated Fair Value
The following table presents the option pricing assumptions and the estimated fair value of the options using these assumptions:

 
2013
 
2012
 
2011
Dividend yield
1.00
%
 
2.20
%
 
3.04
%
Weighted average risk-free interest rate
1.60
%
 
0.79
%
 
1.95
%
Weighted average expected volatility
52.32
%
 
53.31
%
 
51.90
%
Weighted average expected life in years
5.30

 
5.30

 
5.12

Weighted average fair value of options granted
$
15.97

 
$
13.00

 
$
12.30
Schedule of Stock Option Activity
Stock option activity for 2013 is as follows:
 
Number of Shares
 
Weighted- Average Exercise Price
 
Weighted- Average Remaining Contractual Term
 
Aggregate Intrinsic Value
Options outstanding at January 1, 2013
139,400

 
$
32.97

 
  
 
 
Granted
1,000

 
41.11

 
  
 
  

Exercised
(22,100
)
 
31.24

 
  
 
  

Forfeited and expired
(6,350
)
 
33.23

 
 
 
 
Options outstanding at December 31, 2013
111,950

 
$
33.36

 
4.9
 
$
987

Options exercisable at December 31, 2013
77,000

 
$
34.06

 
4.0
 
$
637
Summary of Nonvested Stock Options
A summary of the status of the Company’s nonvested stock options as of December 31, 2013 and changes during the year then ended is presented below:
 
Awards
 
Weighted- Average
Grant Date Fair Value
Nonvested at January 1, 2013
59,500

 
$
9.67

Granted
1,000

 
15.97

Vested
(20,400
)
 
9.64

Forfeited
(5,150
)
 
11.41

Nonvested at December 31, 2013
34,950

 
$
11.23
Summary of Activity Related to Restricted Stock Awards and Stock Purchase Grants
The following table presents a summary of the activity related to restricted stock awards and the MSPP for the period indicated:

 
Restricted Stock
 
MSPP
  
Number of Shares
 
Weighted Average Grant Date Fair Value
 
Number of Shares
 
Weighted Average
Grant Date Fair Value
Nonvested at January 1, 2013
10,017

 
$
34.84

 
12,052

 
$
10.69

Granted
6,325

 
33.72

 
7,801

 
11.75

Vested
(4,965
)
 
34.12

 
(5,395
)
 
11.03

Forfeited
(897
)
 
34.51

 
(238
)
 
11.32

Nonvested at December 31, 2013
10,480

 
$
34.53

 
14,220

 
$
11.14
Summary of Activity Related to Long-term Performance Share Plan
The following table presents a summary of the activity related to LTIP for the period indicated:

  
Number of Shares
 
Weighted Average Grant Date
Fair Value
Nonvested at January 1, 2013
61,623

 
$
35.25

Granted
22,165

 
36.81

Vested
(13,978
)
 
35.65

Forfeited
(25,018
)
 
35.47

Nonvested at December 31, 2013
44,792

 
$
35.78
Restricted Stock Awards and Management Stock Purchase Plan [Member]
  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Compensation Expense
Compensation expense recognized in connection with the restricted stock awards and MSPP is presented in the following table:

 
Year Ended December 31,
  
2013
 
2012
 
2011
Restricted stock awards
$
149

 
$
163

 
$
92

Management stock purchase plan grants
73

 
65

 
37

Total compensation expense
$
222

 
$
228

 
$
129

Related income tax benefit
$
78

 
$
80

 
$
45

Fair value of grants vested
$
229

 
$
121

 
$
106
Long-Term Performance Share Plan [Member]
  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Compensation Expense
Compensation expense recognized in connection with the LTIP is presented in the following table:

 
Year Ended December 31,
  
2013
 
2012
 
2011
Compensation expense
$
200

 
$
174

 
$
672

Related income tax benefit
$
70

 
$
61

 
$
235

Fair value of grants vested
$
497

 
$
609

 
$
570