COMPENSATION PROGRAMS (Tables)

9 Months Ended

Sep. 30, 2013

Dividend Equivalent Rights issued and outstanding at September 30, 2013 and related compensation costs for the indicated periods were as follows:

Month of Grant*	Total Grant		Quarter Ended September 30, 2013		Nine Months Ended September 30, 2013
July 2008		225,000	$	70,000	$	209,000
July 2009		225,000		70,000		209,000
July 2010		60,000		19,000		56,000
August 2011		72,000		22,000		67,000
July 2012		72,000		22,000		67,000
		654,000	$	203,000	$	608,000

* All grants expire July 1, 2015 unless extended by the Committee.

Schedule of Performance-Based Stock Awards

The following table includes performance-based stock awards issued to employees with related measurement period information at September 30, 2013:

						Final		Remaining Shares with
	Grant Date		Total			Measurement		Initial Measurement Periods
Year of	Fair Value		Original			Period Ends		Ending December 31
Grant	Per Share		Grants			December 31		2013		2014		2015		2016
2008	$	10.18		140,658	^(a)		n/a		–		–		–		–
2009		14.33		110,917	^(b)		2016		52,915		–		–		–
2010		12.44		128,766			2017		61,508		61,499		–		–
2011		12.72		132,490			2018		–		63,722		63,718		–
2012		11.67		145,399			2019		–		–		69,853		69,849

(a)

The performance criteria for the three-year measurement periods ending December 31, 2012 and 2011 were met resulting in the vesting of 67,599 shares associated with the first 50% of this grant in February 2012 and 67,595 shares associated with the second 50% of this grant in January 2013.

(b)

The performance criteria for the first three-year measurement period ending December 31, 2012 was met resulting in the January 2013 vesting of 53,431 shares associated with the first 50% of this grant.

Schedule of Service-Based Stock Awards

The following table includes service-based stock awards issued to directors and employees with related vesting and forfeiture information (subject to certain restrictions, principally continuous service), at September 30, 2013:

	Grant Date		Total						Remaining Shares
Year of	Fair Value		Original		As of September 30, 2013				Scheduled to Vest During:
Grant	Per Share		Grants		Vested		Forfeited		2013*		2014
2007	$	12.93		156,000		121,004		12,832		22,497		22,164
2008		12.87		6,000		6,000		–		–		–
2009		11.39		6,000		6,000		–		–		–
2010		11.64		12,000		12,000		–		–		–
2011		13.23		24,000		24,000		–		–		–
2012		13.59		29,000		29,000		–		29,000		–
2013		13.02		28,000		–		–		–		28,000

The 2007 grant shares vested in January 2013 and the 2012 grant shares vested in April 2013.

Schedule of Performance and Service-Based Stock Award Activity

Performance-based and service-based stock award activity for the nine months ended September 30, 2013 is summarized below:

				Weighted Average
	Number of			Grant Date
	Shares			Fair Value
Unvested stock awards outstanding at December 31, 2012		657,720		$	12.48
Grants		28,000			13.02
Vestings		(172,523	)		12.41
Forfeitures		(19,969	)		12.65
Unvested stock awards outstanding at September 30, 2013		493,228			12.53

Schedule of Option Award Activity

Option award activity for the nine months ended September 30, 2013 is summarized below:

	Number of			Weighted Average
	Shares			Exercise Price
Option awards outstanding at December 31, 2012		97,500		$	11.63
Exercises		(5,000	)		9.56
Option awards outstanding at September 30, 2013		92,500			11.74