XML 92 R20.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Stock-Based Compensation Plans | 12 Months Ended
--- | ---
Dec. 31, 2011
Stock-Based Compensation Plans [Abstract] |
Stock-Based Compensation Plans | NOTE 14. Stock-Based Compensation Plans In 1996, we adopted a Long-Term Incentive Plan (the "1996 Incentive Plan"). The number of shares of Class A Common Stock reserved for issuance under the 1996 Incentive Plan was 1,800,000. In 1997, we adopted a second Long-Term Incentive Plan (the "1997 Incentive Plan"). The number of shares of Class A Common Stock reserved for issuance under the 1997 Incentive Plan was 600,000. In 1999 we adopted a third Long-Term Incentive Plan (the "1999 Incentive Plan"). The number of shares of Class A Common Stock reserved for issuance under the 1999 Incentive Plan was 2,400,000. In 2002, we adopted a fourth Long-Term Incentive Plan (the "2002 Incentive Plan"). The number of shares of Class A Common Stock reserved for issuance under the 2002 Incentive Plan was 2,400,000. In 2003, we amended our 2002 Incentive Plan to add an additional 2,000,000 shares of Class A Common Stock that are reserved for issuance. In 2007, we amended our 2002 Incentive Plan to add an additional 1,000,000 shares of Class A Common Stock that are reserved for issuance. Under the 1996, 1997, 1999 and 2002 Incentive Plans, stock options, stock appreciation rights, restricted stock and performance units may be granted for the purpose of attracting and motivating our key employees and non-employee directors. We have not granted any stock options since 2003. Restricted stock vests over a three to five year period. As of December 31, 2011, 1,499,729 shares were available for future grant. Generally, when stock options are exercised, either new shares are issued or shares are issued out of treasury. Share-based compensation expense for 2011, 2010 and 2009 was $4.8 million, $3.6 million and $4.4 million or $3.0 million, $2.2 million and $2.7 million, net of taxes, respectively. The following table summarizes the stock option activity for the year ended December 31, 2011:
Stock Options |  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life |  |  | Aggregate Intrinsic Value |
Outstanding at January 1, 2011 |  |  | 110,900 |  |  | $ | 1.79 |  |  |  |  |  |  |  |  |
Options exercised |  |  | (57,300 | ) |  | $ | 1.50 |  |  |  |  |  |  |  |  |
Options forfeited |  |  | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2011 |  |  | 53,600 |  |  | $ | 2.09 |  |  |  | 1.29 |  |  | $ | 1,625,995 |
Exercisable at December 31, 2011 |  |  | 53,600 |  |  | $ | 2.09 |  |  |  | 1.29 |  |  | $ | 1,625,995 |
Intrinsic value for stock options is defined as the difference between the current market value and the grant price. The total intrinsic value of options exercised during the years ended December 31, 2011, 2010 and 2009 was $1.1 million, $0.9 million and $2.6 million, respectively. Cash received from stock options exercised during the years ended December 31, 2011, 2010 and 2009 was $0.1 million, $0.05 million and $0.3 million, respectively. The tax benefit realized for tax deductions from stock options exercised for the years ended December 31, 2011, 2010 and 2009 was $0.7 million, $0.3 million and $1.0 million, respectively. The following table summarizes information about options outstanding as of December 31, 2011:
Options Outstanding and Exercisable |
Range of Exercise Prices |  | Number of Shares |  |  | Weighted Avg. Remaining Contractual Life |  |  | Weighted Avg. Exercise Price |
$ 1.22 to $ 1.22 |  |  | 16,000 |  |  |  | 0.97 |  |  | $ | 1.22 |
$ 1.22 to $ 2.43 |  |  | 8,600 |  |  |  | 0.80 |  |  | $ | 1.89 |
$ 2.43 to $ 2.64 |  |  | 29,000 |  |  |  | 1.62 |  |  | $ | 2.64 |
$ 1.22 to $ 2.64 |  |  | 53,600 |  |  |  | 1.29 |  |  | $ | 2.09 |
The following table summarizes the non-vested restricted stock activity for the year ended December 31, 2011:
Non-vested restricted stock |  | Shares |  |  | Weighted Average Grant Date Fair Value |
Non-vested January 1, 2011 |  |  | 503,153 |  |  | $ | 26.75 |
Granted |  |  | 258,284 |  |  | $ | 35.27 |
Vested |  |  | (133,392 | ) |  | $ | 26.47 |
Forfeited |  |  | (50,436 | ) |  | $ | 30.46 |
Non-vested at December 31, 2011 |  |  | 577,609 |  |  | $ | 30.30 |
The following table summarizes the restricted stock granted during the respective years:
Restricted stock grants |  | 2011 |  |  | 2010 |  |  | 2009 |
Employees |  |  | 246,284 |  |  |  | 228,094 |  |  |  | 196,101 |
Outside directors |  |  | 12,000 |  |  |  | 12,000 |  |  |  | 12,000 |
Total |  |  | 258,284 |  |  |  | 240,094 |  |  |  | 208,101 |
Weighted average grant date fair value |  | $ | 35.27 |  |  | $ | 27.36 |  |  | $ | 26.56 |
Vesting period |  |  | 3-5 years |  |  |  | 3-5 years |  |  |  | 3-5 years |
The fair value of non-vested restricted stock is equal to the market price of our stock at the date of grant. The total fair value of restricted shares vested during the years ended December 31, 2011, 2010 and 2009 was $4.7 million, $4.5 million and $3.3 million, respectively. As of December 31, 2011, there was $13.2 million of unrecognized compensation cost related to non-vested share-based compensation that is expected to be recognized over a weighted average period of 2.96 years. During January 2012, we granted 256,798 shares of restricted stock to certain employees and 20,000 shares of restricted stock to outside directors with a weighted average grant date fair value of $32.43. The stock vests over a three to five year period.

X
- Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64, 65, A240 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration