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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Stock-Based Compensation [Abstract]  
Fair value assumptions for stock options

The risk-free rate is the U.S. Treasury note rate that corresponds to the expected option term at the date of grant.

 

             
    For the Years Ended December 31
   

2012

 

2011

 

2010

Expected dividend yield

  2.10%   2.40%   2.70%

Expected volatility

  43.19%   43.60%   41.79%

Expected life

  7.4 years   6.5 years   6.5 years

Risk-free interest rate

  1.41%   2.91%   2.87%
Summary of stock option activity

A summary of stock option activity for the year ended December 31, 2012 is presented below:

 

                                 
    Shares     Weighted-
Average
Exercise Price
    Weighted-
Average
Remaining
Contractual
Term
   

Aggregate
Intrinsic Value
($000)

 

Options

                               

Outstanding at January 1, 2012

    1,203,296     $ 18.79                  

Granted

    65,246       42.82                  

Exercised

    (582,730     15.11                  

Forfeited

    (1,702     39.20                  
   

 

 

                         

Outstanding at December 31, 2012

    684,110       24.15       4.52       21,471  
   

 

 

   

 

 

   

 

 

   

 

 

 

Vested or expected to vest at December 31, 2012

    680,852       24.07       4.50       21,430  
   

 

 

   

 

 

   

 

 

   

 

 

 

Exercisable at December 31, 2012

    498,660       18.52       3.54       18,463  
   

 

 

   

 

 

   

 

 

   

 

 

 
Summary of stock award activity

A summary of stock award activity for the year ended December 31, 2012, is presented below:

 

                 
   

Shares

   

Weighted-Average Grant Date

Fair Value

 

Unvested Stock Awards

               

Unvested at January 1, 2012

    271,624     $ 29.11  

Granted

    118,916       41.00  

Vested

    (61,051     24.18  

Forfeited

    (86,633     24.48  
   

 

 

         

Unvested at December 31, 2012

    242,856     $ 37.83  
   

 

 

         
Summary of SARs activity

A summary of SARs activity for the year ended December 31, 2012 is presented below.

 

                                 
    Shares     Weighted-
Average
Exercise Price
    Weighted-
Average
Remaining
Contractual
Term
    Aggregate
Intrinsic Value
($000)
 

SARs

                               

Granted

    65,246     $ 42.82                  

Forfeited

    546       42.77                  
   

 

 

                         

Outstanding at December 31, 2012

    64,700       42.82       9.13       823