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Share Based Compensation (Tables)
9 Months Ended
Sep. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of the restricted share awards under the LTIP

A summary of the restricted share awards under the LTIP for the nine month period ended September 30, 2012 is as follows:

 

                                 
    Restricted Share Awards  
    Performance
Required
    Service
Required
    Total
Restricted
Awards
    Weighted-Average
Grant-Date

Fair  Value
 

Nonvested as of January 1, 2012

    128,567       14,078       142,645     $ 37.75  

Granted

    41,627       4,588       46,215       60.77  

Vested

    0       0       0       0  

Forfeited

    0       0       0       0  
   

 

 

   

 

 

   

 

 

   

 

 

 

Nonvested as of September 30, 2012

    170,194       18,666       188,860     $ 43.38  
   

 

 

   

 

 

   

 

 

   

 

 

 
Weighted-average assumptions for estimating fair values for stock options granted

The fair values for the stock options granted in 2012 were estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:

 

         

Risk-free interest rate

    1.3

Dividend yield

    1.9

Expected life (years)

    6  

Expected volatility

    47.0
The 1999 Stock Option Plan [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Activity in the Company's Plan

Activity in the Plan for the nine month period ended September 30, 2012 was as follows:

 

                                 
    Number of
Shares
    Weighted
Average
Exercise Price
per Share
    Weighted
Average
Remaining
Contractual
Term (Years)
    Aggregate
Intrinsic
Value
 

Outstanding at January 1, 2012

    49,907     $ 34.39                  

Granted

    0       0                  

Exercised

    (9,111     19.26                  

Forfeited

    0       0                  
   

 

 

                         

Outstanding (vested and expected to vest) at September 30, 2012

    40,796     $ 37.77       4.3     $ 675  
   

 

 

                         

Exercisable at September 30, 2012

    38,671     $ 37.69       4.1     $ 643  
   

 

 

                         
Long Term Incentive Plan [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Activity in the Company's Plan

Activity in the Company’s LTIP for the nine month period ended September 30, 2012 was as follows:

 

                                 
    Number of
Shares
    Weighted
Average
Exercise Price
per Share
    Weighted
Average
Remaining
Contractual
Term (Years)
    Aggregate
Intrinsic
Value
 

Outstanding at January 1, 2012

    27,000     $ 48.21                  

Granted

    8,000       57.28                  

Exercised

    (1,250     52.10                  

Forfeited

    0       0.00                  
   

 

 

                         

Outstanding (vested and expected to vest) at September 30, 2012

    33,750     $ 50.21       8.8     $ 162  
   

 

 

                         

Exercisable at September 30, 2012

    6,250     $ 40.89       7.6     $ 84