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Equity (Tables)
12 Months Ended
Dec. 31, 2012
Restricted Shares Issued in Conjunction with Stock Plan

Restricted Shares issued for 2010 – 2012 in conjunction with the Stock Plan are presented in the following table:

 

Issuance Date

  

Shares

  

Aggregate
Market Value (millions)

2/5/10

   12,520    $0.3

2/9/11

   24,330    $0.6

2/3/12

   25,600    $0.7
Restricted Stock Units Issued in Conjunction with Stock Plan

Restricted Stock Units issued during 2012 in conjunction with the Stock Plan during 2012 are presented in the following table:

 

Equity RSUs    2012  
     Equity
RSUs
     Weighted
Average
Stock
Price
 

Beginning Equity Restricted Stock Units

          

Equity Restricted Stock Units Granted

     3,829       $ 27.43   

Dividend Equivalents Earned—Prior Years

          

Dividend Equivalents Earned—Current Year

     54       $ 24.62   

Equity Restricted Stock Units Settled

          
  

 

 

    

 

 

 

Ending Equity Restricted Stock Units

     3,883       $ 27.39   
  

 

 

    

 

 

 
Stock Options Activity

As of December 31, 2011, all options under this plan have expired.

 

     2011      2010  
     Number
of
Shares
    Average
Exercise
Price
     Number
of
Shares
    Average
Exercise
Price
 

Beginning Options Outstanding

     33,000      $ 25.88         63,500      $ 28.90   

Options Granted

                             

Options Exercised

                             

Options Forfeited / Expired

     (33,000   $ 25.88         (30,500   $ 32.17   
  

 

 

   

 

 

    

 

 

   

 

 

 

Ending Options Outstanding

          $         33,000      $ 25.88   
  

 

 

   

 

 

    

 

 

   

 

 

 

Options Vested and Exercisable- end of year

          $         33,000      $ 25.88   
Reconciliation of Basic and Diluted Earnings Per Share

The following table reconciles basic and diluted earnings per share.

 

(Millions except shares and per share data)

   2012      2011      2010  

Earnings Available to Common Shareholders

   $ 18.1       $ 16.3       $ 9.5   
  

 

 

    

 

 

    

 

 

 

Weighted Average Common Shares Outstanding—Basic (000’s)

     12,669         10,880         10,823   

Plus: Diluted Effect of Incremental Shares (000’s)

     3         3         1   
  

 

 

    

 

 

    

 

 

 

Weighted Average Common Shares Outstanding—Diluted (000’s)

     12,672         10,883         10,824   
  

 

 

    

 

 

    

 

 

 

Earnings per Share—Basic and Diluted

   $ 1.43       $ 1.50       $ 0.88