XML 21 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2013
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

Following is a summary of the activity of the restricted stock:

Three Months Ended
      March 31, 2013
Shares       Fair Value
Balance at December 31, 2012 54,875 $     31.61
Granted 21,804 $ 42.14
Vested (18,959 ) $ 30.68
Balance at March 31, 2013 57,720 $ 35.90
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

Following is a summary of the activity of the Company’s SARs program for the three-month period ended March 31, 2013:

      Weighted- Average       Aggregate
  Average Remaining Intrinsic
Exercise       Contractual Value
      Shares Price Term Years (In thousands)
Outstanding at December 31, 2012 351,881 $     27.52 7.34 $     4,988
Granted 85,943 $ 42.14
Exercised (3,192 ) $ 29.66
Outstanding at March 31, 2013 434,632 $ 30.40 7.60 $ 5,061
Exercisable at March 31, 2013 257,504 $ 25.78 6.46 $ 4,187
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

Following is a summary of the activity of the non-vested SARs during the three-month period ended March 31, 2013:

Weighted-Average
Shares Grant Date Fair Value
Non-vested at December 31, 2012 161,294       $     31.70
Granted       85,943 $ 42.14
Vested (70,109 ) $ 30.85
Non-vested at March 31, 2013 177,128 $ 37.11
Schedule Of Per Share Fair Value Of Stock Appreciation Rights [Table Text Block]

Following is a summary of the activity of the non-vested SARs during the three-month period ended March 31, 2013:

Weighted-Average
Shares Grant Date Fair Value
Non-vested at December 31, 2012 161,294       $     31.70
Granted       85,943 $ 42.14
Vested (70,109 ) $ 30.85
Non-vested at March 31, 2013 177,128 $ 37.11
Schedule of Share-based Compensation, Stock Appreciation Rights Award Activity [Table Text Block]

The Company uses the Black-Scholes pricing model to determine the fair value of the SARs at the date of grant. Following are the assumptions used to estimate the per-share fair value of SARs granted:

Three Months Ended March 31,
2013 2012
Risk-free interest rate 1.29 %       1.38 %
Expected life 7 yrs. 7 yrs.
Expected volatility       28.72 % 29.39 %
Expected dividend yield 1.71 % 1.84 %