Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2012

A summary of the Company’s stock option activity and related information follows:


	Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
								(In thousands)
Outstanding at December 31, 2011		1,224,699		$	21.64
Exercised		(771,809	)		20.88
Forfeited		(1,250	)		23.09

Outstanding and exercisable at September 30, 2012		451,640		$	22.95		1.3	$	6,030

Summary of Restricted Stock Activity

A summary of the Company’s restricted stock activity follows:


	2012						2011
	Shares			Fair Market Value at Date of Grant			Shares			Fair Market Value at Date of Grant
(Dollars in thousands)
Restricted stock at January 1		1,817,745		$	40,655			1,478,000		$	30,600
Granted		394,928			10,846			575,694			16,005
Vested		(405,309	)		(9,185	)		(219,469	)		(5,608	)
Cancellations		(8,945	)		(188	)		(4,340	)		(96	)

Restricted stock at September 30		1,798,419		$	42,128			1,829,885		$	40,901

Compensation Expense For Restricted Stock Recognized In Condensed Consolidated Statements Of Income

Compensation expense for restricted stock recognized in the condensed consolidated statements of income for the three- and nine-month periods ended September 30, 2012 and 2011 was as follows:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
(In thousands)
Impact on income before income taxes	$	(2,746	)	$	(2,487	)	$	(8,477	)	$	(7,191	)
Income tax benefit		1,068			968			3,296			2,798

Impact on net income	$	(1,678	)	$	(1,519	)	$	(5,181	)	$	(4,393	)