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Share-Based Compensation And Capital Stock (Tables)
12 Months Ended
Dec. 31, 2011
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Weighted Average Assumptions Of Black-Scholes Option-Pricing Model
The fair value of the options granted was estimated on the grant date using the Black-Scholes option-pricing model with the following weighted average assumptions:
 

2011
 
2010
 
2009
Risk-free interest rate
2.10
%
 
2.19
%
 
1.82
%
Expected volatility
39.51
%
 
41.92
%
 
39.71
%
Expected life of stock option
4.4 years

 
4.4 years

 
4.4 years

Dividend yield
1.79
%
 
2.26
%
 
2.74
%
Requisite service period
4 years

 
4 years

 
4 years

Contractual life
7 years

 
7 years

 
7 years

Weighted average fair value of options granted (per option)
$
12.42

 
$
10.07

 
$
7.41

Schedule of Options Outstanding and Exercisable
The following table summarizes information about stock options outstanding at December 31, 2011:
 
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
Number
Outstanding at
December 31,
2011
 
Weighted Average
Remaining
Contractual Life
 
Weighted
Average
Exercise Price
 
Number
Exercisable at
December 31,
2011
 
Weighted
Average
Exercise Price
$ 0.00 to $19.50
53,824

 
1.0 years
 
$
10.72

 
53,824

 
$
10.72

$19.51 to $29.25
377,128

 
4.1 years
 
$
27.00

 
187,149

 
$
27.00

$29.26 to $34.12
481,288

 
4.8 years
 
$
32.59

 
259,032

 
$
32.45

$34.13 to $39.00
327,764

 
3.2 years
 
$
35.55

 
265,363

 
$
35.68

$39.01 to $43.87
251,045

 
5.3 years
 
$
40.97

 
105,114

 
$
40.58

$43.88 to $48.75
82,677

 
4.1 years
 
$
48.73

 
82,677

 
$
48.73

 
1,573,726

 
4.2 years
 
$
33.30

 
953,159

 
$
33.36

Summary Of Activity Related To Restricted Stock Grants
The following table is a summary of activity related to restricted stock grants to non-employee directors and key employees for the year ended December 31:
 
 
2011
 
2010
 
2009
Restricted shares granted
247,298

 
279,157

 
262,128

Weighted average grant date fair value per share
$
38.84

 
$
33.07

 
$
27.28

Aggregate grant date fair value ($000)
$
9,604

 
$
9,233

 
$
7,150

Restricted shares forfeited
68,580

 
41,796

 
43,408

Vesting service period of shares granted
1-4 years

 
3-4 years

 
3-4 years

Grant date fair value of shares vested ($000)
$
6,662

 
$
6,222

 
$
5,572

Summary Of Activity Related To PVRSU Grants
The following table is a summary of activity related to PVRSU grants during the years ended December 31, 2011, 2010 and 2009:
 
 
2011
 
2010
 
2009
Performance vested restricted stock units granted at target
25,036

 
33,517

 
9,588

Weighted average grant date fair value per share
$
41.25

 
$
32.60

 
$
26.88

Average aggregate grant date fair value ($000)
$
1,033

 
$
1,093

 
$
258

Stock units forfeited
43,179

 
13,110

 
6,046

Requisite service period
3 years

 
3 years

 
2 years

Summary Of Change In Stock-Based Award Activity
All PVRSU units forfeited during the year ended December 31, 2009 were related to employee terminations.
A summary of stock-based award activity as of December 31, 2011, 2010 and 2009 and the changes during the years are presented below:
 
 
2011
 
Stock Options
 
Restricted Stock
 
Performance Vested
Restricted Stock Units
 
Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Contractual
Term
 
Shares
 
Weighted
Average Grant
Date Fair Value
 
Shares
 
Weighted
Average Grant
Date Fair Value
Outstanding at January 1, 2011
1,732,674

 
$
31.43

 
 
 
592,131

 
$
31.81

 
127,912

 
$
33.43

Granted
166,306

 
$
41.25

 
 
 
247,298

 
$
38.84

 
25,036

 
$
41.25

Exercised/Vested
(175,386
)
 
$
21.92

 
 
 
(205,222
)
 
$
32.46

 

 
$

Forfeited/Expired
(149,868
)
 
$
33.76

 
 
 
(68,580
)
 
$
33.55

 
(43,179
)
 
$
32.53

Outstanding at December 31, 2011
1,573,726

 
$
33.30

 
4.2 years
 
565,627

 
$
34.43

 
109,769

 
$
35.57

Options exercisable at December 31, 2011
953,159

 
$
33.36

 
3.8 years
 
 
 
 
 
 
 
 

 
2010
 
Stock Options
 
Restricted Stock
 
Performance Vested
Restricted Stock Units
 
Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Contractual
Term
 
Shares
 
Weighted
Average Grant
Date Fair Value
 
Shares
 
Weighted
Average Grant
Date Fair Value
Outstanding at January 1, 2010
1,658,844

 
$
30.05

 
 
 
539,341

 
$
31.68

 
118,385

 
$
34.58

Granted
261,137

 
$
32.84

 
 
 
279,157

 
$
33.07

 
33,517

 
$
32.60

Exercised/Vested
(123,109
)
 
$
19.96

 
 
 
(184,571
)
 
$
33.71

 
(10,880
)
 
$
40.65

Forfeited/Expired
(64,198
)
 
$
23.53

 
 
 
(41,796
)
 
$
30.31

 
(13,110
)
 
$
35.70

Outstanding at December 31, 2010
1,732,674

 
$
31.43

 
4.4 years
 
592,131

 
$
31.81

 
127,912

 
$
33.43

Options exercisable at December 31, 2010
792,499

 
$
31.73

 
3.5 years
 
 
 
 
 
 
 
 

 
 
2009
 
Stock Options
 
Restricted Stock
 
Performance Vested
Restricted Stock Units
 
Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Contractual
Term
 
Shares
 
Weighted
Average Grant
Date Fair Value
 
Shares
 
Weighted
Average Grant
Date Fair Value
Outstanding at January 1, 2009
1,950,783

 
$
24.03

 
 
 
482,236

 
$
34.93

 
129,481

 
$
37.00

Granted
537,006

 
$
27.02

 
 
 
262,128

 
$
27.28

 
9,588

 
$
26.88

Exercised/Vested
(764,612
)
 
$
11.98

 
 
 
(161,615
)
 
$
34.48

 
(19,761
)
 
$
48.72

Performance-Based Leveraging*

 
$

 
 
 

 
$

 
5,123

 
$
48.72

Forfeited/Expired
(64,333
)
 
$
37.13

 
 
 
(43,408
)
 
$
30.79

 
(6,046
)
 
$
39.95

Outstanding at December 31, 2009
1,658,844

 
$
30.05

 
5.4 years
 
539,341

 
$
31.68

 
118,385

 
$
34.58

Options exercisable at December 31, 2009
576,577

 
$
27.67

 
4.4 years
 
 
 
 
 
 
 
 
____________________________
 *
PVRSU grants outstanding at January 1, 2009 have been increased by 5,123 units due to the Company exceeding the targeted performance conditions contained in PVRSUs granted in prior periods during the year ended December 31, 2009.
Pre-Tax Stock-Based Compensation Expenses And Associated Income Tax Benefits
The components of the Company’s pretax stock-based compensation expense and associated income tax benefits are as follows for the years ended December 31:
 
(in millions)
2011
 
2010
 
2009
Stock options
$
2.8

 
$
2.4

 
$
2.8

Restricted stock
7.7

 
6.8

 
6.4

Performance vested restricted stock units
0.7

 
(0.3
)
 
(0.2
)
Total
$
11.2

 
$
8.9

 
$
9.0

Income tax benefits
$
4.1

 
$
3.3

 
$
3.4

Schedule of Unrecognized Compensation Cost, Nonvested Awards
The total unrecognized compensation costs related to stock-based awards that have not yet vested and the related weighted average amortization period over which the costs are to be recognized as of December 31, 2011 are as follows:
 
 
Unrecognized
Compensation
Expense on Unvested
Awards
 
Weighted
Average
Amortization
Period
 
(in millions)
Stock options
$
3.3

 
2.2 years
Restricted stock
12.3

 
2.4 years
Performance vested restricted stock units
0.9

 
1.7 years
Total
$
16.5