SHARE-BASED COMPENSATION PLANS AND AWARDS (Tables)

12 Months Ended

Dec. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Assumptions Used in the Determination of Fair Value of Stock Options Awarded

The weighted average assumptions used in the determination of fair value for stock options awarded in 2013 and 2011 are provided in the table below. There were no stock options granted in 2012.

Assumptions	2013	2011
Expected volatility rate	34.90%	33.00%
Expected dividend yield	1.97%	2.23%
Average risk-free interest rate	0.77%	0.95%
Expected forfeiture rate	0.75%	0.75%
Expected term years	5.00	5.20

Schedule of Activity of Stock Option Awards

A summary of the activity of the Company's stock option awards for 2013, 2012, and 2011 is presented below:

	2013				2012				2011
	Options		Weighted-Average Exercise Price		Options		Weighted-Average Exercise Price		Options		Weighted-Average Exercise Price
Outstanding at beginning of year	2,480,100		$	33	3,974,400		$	30	5,505,800		$	29
Granted	317,900		70		—		—		537,500		38
Exercised	(436,500	)	28		(1,486,300	)	27		(2,059,900	)	29
Cancelled, forfeited, or expired	(2,400	)	15		(8,000	)	19		(9,000	)	25
Outstanding at end of year	2,359,100		$	39	2,480,100		$	33	3,974,400		$	30
Options exercisable at year-end	1,862,000				1,912,400				2,796,400
Available for grant at end of year	8,454,854				9,808,610				1,475,922

Schedule of Remaining Contractual Term and Weighted Average Exercise Price of Stock Options Outstanding and Exercisable

The following table provides the remaining contractual term and weighted average exercise prices of stock options outstanding and exercisable at December 31, 2013:

	Options Outstanding			Options Exercisable
Range of Exercise Prices	Number  Outstanding at December 31, 2013	Weighted-Average Remaining Contractual Life (Years)	Weighted-Average Exercise Price	Number Exercisable at December 31, 2013	Weighted-Average Exercise Price
$15-$24	51,200	2.1	$21	51,200	$21
$25-$29	576,300	4.6	28	576,300	28
$30-$32	263,000	3.0	31	263,000	31
$33-$34	189,700	3.8	33	189,700	33
$35-$40	961,000	7.2	39	781,800	39
$41-$70	317,900	9.2	70	—	—
	2,359,100	6.0	$39	1,862,000	$33

Schedule of Summary of Status of Nonvested Options

A summary of the status of the Company's nonvested options as of December 31, 2013 and changes during the year then ended is presented below:

Nonvested Options	Number of Options	Weighted-Average Grant Date Fair Value
Nonvested at January 1, 2013	567,700	$9.02
Granted	317,900	17.92
Vested	(388,500)	8.91
Forfeited	—	—
Nonvested Options at December 31, 2013	497,100	$14.80