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Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2013
Summary of Restricted Share Awards under LTIP

A summary of the restricted share awards under the LTIP for the nine month period ended September 30, 2013 is as follows:

 

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

Nonvested as of January 1, 2013

     103,221         11,363         114,584       $ 48.33   

Granted

     47,832         5,614         53,446         70.27   

Vested

     0         0         0         0   

Forfeited

     0         0         0         0   
  

 

 

    

 

 

    

 

 

    

 

 

 

Nonvested as of September 30, 2013

     151,053         16,977         168,030       $ 55.31   
Stock Options [Member]
 
Activity in Company's Plan

Activity in the Company’s 1999 Stock Option Plan for the nine month period ended September 30, 2013 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, 2013

     32,150      $ 40.93         

Granted

     0      $ 0.00         

Exercised

     (12,400   $ 42.73         

Forfeited

     0      $ 0.00         
  

 

 

         

Outstanding (vested and expected to vest) at September 30, 2013

     19,750      $ 39.80         3.5       $ 635   
  

 

 

         

Exercisable at September 30, 2013

     19,750      $ 39.80         3.5       $ 635  
Long Term Incentive Plan [Member]
 
Activity in Company's Plan

Activity in the Company’s LTIP for the nine month period ended September 30, 2013 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, 2013

     33,750      $ 50.21         

Granted

     0        0.00         

Exercised

     (12,750     43.76         

Forfeited

     0        0.00         
  

 

 

         

Outstanding (vested and expected to vest) at September 30, 2013

     21,000      $ 54.13         8.5       $ 374   
  

 

 

         

Exercisable at September 30, 2013

     8,625      $ 54.55         8.5       $ 150