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STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2012

The Company's results for the years ended December 31, 2012, 2011 and 2010 reflected the following compensation cost as a result of adopting ASC 718 and such compensation cost had the following effects on net earnings:

	Increase/(Decrease) for the Year Ended December 31,
	2012			2011			2010
Cost of sales	$	523		$	582		$	508
Operating expenses		3,383			3,110			3,484
Net earnings		(2,469	)		(2,340	)		(2,449	)

Assumptions used in the valuation of option awards

The fair value of each option award issued under the 1999 Stock Plan is estimated on the date of grant using a Black-Scholes based option-pricing model that uses the assumptions noted in the following table. Expected volatilities are based on historical volatility of the Company's stock. The expected term of the options is based on the Company's historical experience of employees' exercise behavior. Dividend yields are based on the Company's historical dividend yields. Risk-free interest rates are based on the implied yields currently available on U.S. Treasury zero coupon issues with a remaining term equal to the expected life.

	Year Ended
Weighted Average Assumptions:	December 31, 2012		December 31, 2011		December 31, 2010
Expected Volatility		40.6		36.3		39.5
Expected Term (in years)		4.6		4.5		4.3
Risk-Free Interest Rate		0.7		1.4		1.1
Dividend Yield		0.5		0.5		0.6

Summary of stock option activity

A summary of stock option plan activity for 2012, 2011, and 2010 for all plans is as follows:

2012	# of Shares (000s)			Weighted Average Exercise Price
Outstanding at beginning of year		2,514		$	14.68
Granted		276			30.35
Exercised		(231	)		8.24
Forfeited		(16	)		28.53
Outstanding at end of year		2,543		$	16.87
Exercisable at end of year		2,155		$	14.30

2011	# of Shares (000s)			Weighted Average Exercise Price
Outstanding at beginning of year		2,955		$	14.21
Granted		15			40.59
Exercised		(405	)		10.98
Forfeited		(51	)		24.54
Outstanding at end of year		2,514		$	14.68
Exercisable at end of year		2,157		$	12.35

2010	# of Shares (000s)			Weighted Average Exercise Price
Outstanding at beginning of year		3,286		$	11.28
Granted		291			32.13
Exercised		(616	)		7.04
Forfeited		(6	)		17.83
Outstanding at end of year		2,955		$	14.21
Exercisable at end of year		2,053		$	10.53

Other information pertaining to stock option activity

Other information pertaining to option activity during the years ended December 31, 2012, 2011 and 2010 was as follows:

	Year Ended December 31,
	2012		2011		2010
Weighted-average fair value of options granted	$	10.09	$	12.37	$	10.10
Total intrinsic value of stock options exercised ($000s)	$	6,524	$	11,577	$	12,821

Additional information relating to stock options outstanding

Additional information related to stock options outstanding under all plans at December 31, 2012 is as follows:

				Options Outstanding			Options Exercisable
Range of Exercise Prices		Shares Outstanding (000s)		Weighted Average Remaining Contractual Term	Weighted Average Exercise Price		Number Exercisable (000s)		Weighted Average Exercise Price
$	4.51 - $17.28		1,695	3.7 years	$	11.34		1,695	$	11.34
	21.39 - 32.21		781	7.9 years		27.18		457		25.11
	33.81 - 45.09		67	9.6 years		36.86		3		40.78
			2,543	5.2 years	$	16.87		2,155	$	14.30

Non-vested restricted stock activity

Non-vested restricted stock activity for the years ended December 31, 2012, 2011 and 2010 is summarized below:

	Shares (000s)			Weighted Average Grant Date Fair Value
Non-vested balance as of December 31, 2011		354		$	18.77
Granted		91			32.72
Vested		(187	)		14.38
Forfeited		-			-
Non-vested balance as of December 31, 2012		258		$	26.88

	Shares (000s)			Weighted Average Grant Date Fair Value
Non-vested balance as of December 31, 2010		363		$	17.66
Granted		15			41.34
Vested		(7	)		12.41
Forfeited		(17	)		19.12
Non-vested balance as of December 31, 2011		354		$	18.77

	Shares (000s)			Weighted Average Grant Date Fair Value
Non-vested balance as of December 31, 2009		418		$	14.56
Granted		51			32.26
Vested		(106	)		12.47
Forfeited		-			-
Non-vested balance as of December 31, 2010		363		$	17.66

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References+ Details