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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of restricted share awards under LTIP

A summary of the restricted share awards for the year ended December 31, 2012 is as follows:

 

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

    (66,973     (7,303     (74,276     35.75  

Forfeited

    0       0       0       0.00  
   

 

 

   

 

 

   

 

 

   

 

 

 

Nonvested as of December 31, 2012

    103,221       11,363       114,584     $ 48.33  
   

 

 

   

 

 

   

 

 

   

 

 

 
Weighted-average Assumptions for estimating fair values

The fair values for the stock options granted in 2012, 2011 and 2010 were estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:

 

                         
    2012     2011     2010  

Risk-free interest rate

    1.3     1.4     2.9

Dividend yield

    1.9     1.9     2.0

Expected life (years)

    6       6       6  

Expected volatility

    47.0     47.1     43.3
The 1999 Stock Option Plan [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Activity in company's plan

Activity in the Company’s 1999 Stock Option Plan for the year ended December 31, 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     $ 0.00                  

Exercised

    (17,757   $ 22.55                  

Forfeited

    0     $ 0.00                  
   

 

 

                         

Outstanding (vested and expected to vest) at December 31, 2012

    32,150     $ 40.93       4.4     $ 595  
   

 

 

                         

Exercisable at December 31, 2012

    32,150     $ 40.93       4.4     $ 595  
   

 

 

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

Activity in the Company’s LTIP plan for the year ended December 31, 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 December 31, 2012

    33,750     $ 50.21       8.8     $ 311  
   

 

 

                         

Exercisable at December 31, 2012

    17,375     $ 46.00       8.3     $ 233