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Stock-Based Compensation Plans (Tables)
9 Months Ended
Sep. 30, 2012
Text Block [Abstract]  
Weighted Average Assumptions Used To Determine The Options Fair Value
The following table presents the weighted average assumptions used to determine the fair value of options granted in the nine month period ending September 30, 2012 and 2011.
 

Nine Months Ended
Nine Months Ended

September 30,
September 30,

2012
2011
Expected dividend yield
0.6
%
0.6
%
Expected volatility
62.6
%
50.3
%
Risk-free rate
0.7
%
1.2
%
Expected option life (in years)
4.5

6.1

Summary Of Stock Option Activity
A summary of stock option activity under the Plans for the nine months ended September 30, 2012 and September 30, 2011 is presented below:
 
Stock Options
Common
Shares
 
Weighted
Average
Strike Price
 
Remaining
Contractual
Term (1)
 
Intrinsic
Value (2)
($000)
Outstanding at January 1, 2012
2,064,534

 
$
38.83

 
 
 
 
Granted
250,997

 
31.16

 
 
 
 
Exercised
(421,426
)
 
20.27

 
 
 
 
Forfeited or canceled
(50,235
)
 
36.42

 
 
 
 
Outstanding at September 30, 2012
1,843,870

 
$
42.09

 
3.2
 
$
5,029

Exercisable at September 30, 2012
1,840,731

 
$
42.11

 
3.2
 
$
5,010

 
Stock Options
Common
Shares
 
Weighted
Average
Strike Price
 
Remaining
Contractual
Term (1)
 
Intrinsic
Value (2)
($000)
Outstanding at January 1, 2011
2,040,701

 
$
38.92

 
 
 
 
Granted
10,000

 
31.00

 
 
 
 
Exercised
(48,883
)
 
15.90

 
 
 
 
Forfeited or canceled
(103,149
)
 
46.30

 
 
 
 
Outstanding at September 30, 2011
1,898,669

 
$
39.07

 
2.6
 
$
3,028

Exercisable at September 30, 2011
1,717,762

 
$
39.85

 
2.3
 
$
2,818

 
(1)
Represents the weighted average contractual life remaining in years.
(2)
Aggregate intrinsic value represents the total pre-tax intrinsic value (i.e., the difference between the Company’s average of the high and low stock price on the last trading day of the quarter and the option exercise price, multiplied by the number of shares) that would have been received by the option holders if they had exercised their options on the last day of the quarter. This amount will change based on the fair market value of the Company’s stock.
Summary Of Plans' Restricted Share And Performance-Vested Stock Award Activity
A summary of restricted share and performance-vested stock award activity under the Plans for the nine months ended September 30, 2012 and September 30, 2011 is presented below:
 
 
Nine months ended September 30, 2012
 
Nine months ended September 30, 2011
Restricted Shares
Common
Shares
 
Weighted
Average
Grant-Date
Fair Value
 
Common
Shares
 
Weighted
Average
Grant-Date
Fair Value
Outstanding at January 1
336,709

 
$
38.29

 
299,040

 
$
39.44

Granted
109,557

 
32.31

 
90,285

 
33.16

Vested and issued
(123,629
)
 
34.46

 
(37,651
)
 
32.71

Forfeited
(1,353
)
 
30.99

 
(2,000
)
 
33.53

Outstanding at September 30
321,284

 
$
37.76

 
349,674

 
$
38.58

Vested, but not issuable at September 30
85,320

 
$
51.80

 
85,000

 
$
51.88

 

Nine months ended September 30, 2012
 
Nine months ended September 30, 2011
Performance Shares
Common
Shares
 
Weighted
Average
Grant-Date
Fair Value
 
Common
Shares
 
Weighted
Average
Grant-Date
Fair Value
Outstanding at January 1
72,158

 
$
33.25

 

 
$

Granted
119,476

 
31.10

 
100,993

 
33.28

Vested and issued

 

 

 

Net change due to estimated performance
19,651

 
30.55

 

 

Forfeited
(3,897
)
 
32.07

 

 

Outstanding at September 30
207,388

 
$
31.78

 
100,993

 
$
33.28