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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2011
Share-Based Compensation [Abstract]  
Summary of nonvested shares
 
                 
          Weighted-
 
          Average
 
          Grant Date
 
          Fair Value
 
Nonvested Shares   Shares     Per Share  
 
Outstanding at January 1, 2011
    50,032     $ 58.40  
Granted
    68,727       37.83  
Vested(1)
    (9,474 )     56.76  
                 
Outstanding as of June 30, 2011
    109,285     $ 45.61  
                 
 
 
(1) The total shares vested include 2,198 shares that were then tendered to satisfy minimum statutory tax withholding requirements related to the restricted shares that have vested in accordance with the terms of the 2006 Plan. We accept the return of shares at the current quoted market price of the Company’s common stock to satisfy tax obligations.
Summary of nonvested and vested shares
 
                                 
    Shares Granted   Shares Vested
        Weighted-Average
       
        Grant Date
      Total Vest Date
    Non-Vested Shares
  Fair Value
      Fair Value(1)
Six Months Ended June 30,   Issued   Per Share   Vested Shares   (in thousands)
 
2011
    68,727     $ 37.83       (9,474 )   $ 370  
2010
    3,239       30.88       (16,358 )     474  
 
 
(1) Total fair value of shares vested was calculated based on the quoted closing share price of the Company’s common stock on the NYSE on the day of vesting.
Summary of Restricted Stock Units
 
                                 
    Nonvested RSUs              
          Weighted-Average
             
          Grant Date
             
          Fair Value
             
    Amount     Per Share     Vested RSUs     Total RSUs  
 
Outstanding at January 1, 2011
    125,754     $ 29.88       588,068       713,822  
Granted
    107,673       37.94             107,673  
Vested
    (23,035 )     30.57       23,035        
Issuance of dividend equivalents(1)
                    13,494       13,494  
Canceled(2)
                    (8,448 )     (8,448 )
                                 
Outstanding as of June 30, 2011
    210,392     $ 33.93       616,149       826,541  
                                 
 
 
(1) RSUs issued as dividend equivalents are vested upon issuance.
 
(2) We accept the return of RSUs, at the current quoted market price of the Company’s common stock, to satisfy minimum statutory tax-withholding requirements related to either RSUs that have vested or RSU dividend equivalents in accordance with the terms of the 2006 Plan.
 
Summary of Nonvested and Vested Restricted Stock Units
A summary of our RSU activity for the six months ended June 30, 2011 and 2010 is presented below:
 
                                 
    RSUs Granted   RSUs Vested
        Weighted-Average
       
        Grant Date
      Total Vest-Date
    Non-Vested RSUs
  Fair Value
      Fair Value(1)
Six Months Ended June 30,   Issued   Per Share   Vested RSUs   (in thousands)
 
2011
    107,673     $ 37.94       23,035     $ 897  
2010
    159,606       30.24       23,564       740  
 
 
(1) Total fair value of RSUs vested was calculated based on the quoted closing share price of the Company’s common stock on the NYSE on the day of vesting.