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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2013
Share-Based Compensation  
Schedule of stock option activity

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

 

 

Average

 

Remaining

 

Aggregate

 

 

 

Number of

 

Exercise

 

Contractual

 

Intrinsic

 

Options 

 

Shares

 

Price

 

Life (Yrs.)

 

Value (000’s)

 

 

 

 

 

 

 

 

 

 

 

Outstanding at January 1, 2013

 

340,140

 

$

31.79

 

 

 

 

 

Granted

 

23,007

 

41.45

 

 

 

 

 

Exercised

 

(18,211

)

28.34

 

 

 

 

 

Expired/Forfeited

 

(1,444

)

22.13

 

 

 

 

 

Outstanding at March 31, 2013

 

343,492

 

32.66

 

4.99

 

$

6,095

 

 

 

 

 

 

 

 

 

 

 

Exercisable at March 31, 2013

 

280,629

 

32.04

 

4.18

 

$

5,153

 

 

 

 

 

 

 

 

 

 

 

Weighted-average fair value of options granted during the year

 

$

15.66

 

 

 

 

 

 

 

Schedule of weighted-average assumptions used in valuing options

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2013

 

2012

 

 

 

 

 

 

 

Dividend yield

 

1.70%

 

2.10%

 

Expected life

 

6 years

 

6 years

 

Expected volatility

 

42%

 

46%

 

Risk-free interest rate

 

1.02%

 

1.06%

 

Summary of nonvested restricted stock

 

 

 

 

Weighted-

 

 

 

 

 

Average

 

 

 

 

 

Grant-Date

 

Restricted Stock 

 

Shares

 

Fair Value

 

 

 

 

 

 

 

Nonvested at January 1, 2013

 

172,847

 

$

30.84

 

Granted

 

68,308

 

41.45

 

Vested

 

(4,523

)

32.34

 

Nonvested at March 31, 2013

 

236,632

 

33.87

 

Summary of nonvested RSUs

 

 

 

 

Weighted-

 

 

 

 

 

Average

 

 

 

 

 

Grant-Date

 

Restricted Stock Units 

 

Shares

 

Fair Value

 

 

 

 

 

 

 

Nonvested at January 1, 2013

 

 

$

 

Granted

 

36,876

 

50.45

 

Nonvested at March 31, 2013

 

36,876

 

50.45