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Fair Value Measurements, Call Option FV Assumption Table (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
basispoints
Jun. 30, 2014
basispoints
Jun. 30, 2013
Fair Value Disclosures [Abstract]      
The Company’s stock price at June 30, 2014 $ 72.87 $ 72.87  
Quarterly dividend yield (per share) upon purchase of the Call Option $ 0.24 [1]    
Risk-free interest rate   0.08% [2]  
Credit spread (basis points) 130 [3] 130 [3]  
Expected volatility rate   17.00% [4]  
Cash dividends paid per share $ 0.35 $ 0.70 $ 0.60
Six-month Constant Maturity Treasury rate   6 months  
One-year Constant Maturity Treasury rate   1 year  
[1] The quarterly dividend in the second quarter of 2014 was $0.35 per share, but the model assumes a $0.24 per share quarterly dividend as was paid at the inception of the Call Options. Quarterly dividends in excess of $0.24 per share do not affect the Call Options’ value due to anti-dilution adjustments.
[2] The risk-free rate was based on the six-month Constant Maturity Treasury rate and one-year Constant Maturity Treasury rate on June 30, 2014.
[3] The credit spread is based on the Company’s long-term credit rating of BB issued by Standard & Poor’s.
[4] The volatility rate was based on both observed volatility, which is based on the Company’s historical stock price, and implied volatility from the Company’s traded options. Such volatility was further adjusted to take into consideration market participant risk tolerance.