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SHARE-BASED COMPENSATION PLANS AND AWARDS (Tables)

12 Months Ended

Dec. 31, 2015

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 2015, 2014, and 2013 are provided in the table below.

Assumptions		2015		2014		2013
Expected volatility rate		24.11%		25.82%		34.90%
Expected dividend yield		1.75%		1.70%		1.97%
Average risk-free interest rate		1.45%		1.44%		0.77%
Expected forfeiture rate		0.75%		0.75%		0.75%
Expected term years		4.8		4.7		5.0

Schedule of Activity of Stock Option Awards

A summary of the activity of the Company's stock option awards for 2015, 2014, and 2013 is presented below:

	2015							2014							2013
	Options			Weighted-Average Exercise Price				Options			Weighted-Average Exercise Price				Options			Weighted-Average Exercise Price
Outstanding at beginning of year	2,209,800			$	46			2,359,100			$	39			2,480,100			$	33
Granted	512,700			74				272,100			86				317,900			70
Exercised	(271,200	)		30				(419,300	)		31				(436,500	)		28
Cancelled, forfeited, or expired	(16,700	)		77				(2,100	)		55				(2,400	)		15
Outstanding at end of year	2,434,600			$	53			2,209,800			$	46			2,359,100			$	39
Options exercisable at year-end	1,643,100							1,726,800							1,862,000
Available for grant at end of year	5,413,250							7,271,093							8,454,854

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, 2015:

		Options Outstanding								Options Exercisable
Range of Exercise Prices		Number  Outstanding at December 31, 2015		Weighted-Average Remaining Contractual Life (Years)		Weighted-Average Exercise Price				Number Exercisable at December 31, 2015		Weighted-Average Exercise Price
$18-$29		272,100		3.7		$	27			272,100		$	27
$30-$34		211,700		1.2		32				211,700		32
$35-$40		868,000		5.3		39				868,000		39
$41-$87		1,082,800		8.4		76				291,300		74
		2,434,600		6.1		$	53			1,643,100		$	42

Schedule of Summary of Status of Nonvested Options

A summary of the status of the Company's nonvested options as of December 31, 2015 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, 2015		483,000		$17.47
Granted		512,700		13.89
Vested		(187,400)		17.66
Forfeited		(16,800)		14.55
Nonvested options at December 31, 2015		791,500		$15.17

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Tabular disclosure of the changes in outstanding nonvested shares.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
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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.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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