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Share-Based Compensation and Capital Stock (Tables)
3 Months Ended
Mar. 31, 2013
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:
        
 
2013 Grants
 
2012 Grants
Risk-free interest rate
0.73
%
 
0.78
%
Expected volatility
38.14
%
 
40.15
%
Expected life of stock option
4.5 years

 
4.4 years

Dividend yield
2.01
%
 
2.08
%
Requisite service period
4 years

 
4 years

Contractual life
7 years

 
7 years

Weighted average fair value of options granted
$
9.89

 
$
9.98

Summary Of Activity Related To Restricted Stock Grants
The following table is a summary of activity related to restricted stock grants: 
 
Three Months Ended
 
March 31,
 
2013
 
2012
Restricted share grants
194,541

 
238,019

Weighted average grant date fair value per share
$
36.76

 
$
35.70

Aggregate grant date fair value ($000)
$
7,151

 
$
8,497

Restricted shares forfeited
21,499

 
4,328

Vesting service period of shares granted
3 - 4 years

 
36 - 68 months

Grant date fair value of shares vested ($000)
$
6,999

 
$
5,013

Summary Of Activity Related To PVRSU Grants
The following table is a summary of activity related to PVRSU grants:
 
Three Months Ended
 
March 31,
 
2013
 
2012
Performance vested restricted stock units granted at target
58,902

 
38,476

Weighted average grant date fair value per share
$
36.76

 
$
35.60

Aggregate grant date fair value ($000)
$
2,165

 
$
1,370

Stock units forfeited

 

Requisite service period
22-36 months

 
3 years

Summary Of Change In Stock-Based Award Activity
A summary of stock-based award activity as of March 31, 2013 and changes during the three months ended are presented below:
 
Stock Options
 
Restricted Stock
 
Performance Vested
Restricted  Stock Units
 
Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
Shares
 
Weighted
Average
Grant Date
Fair Value
Outstanding at January 1, 2013
1,934,034

 
$
25.80

 
 
 
606,547

 
$
35.17

 
170,116

 
$
35.56

Granted
173,413

 
36.76

 
 
 
194,541

 
36.76

 
58,902

 
36.76

Performance based leveraging (1)

 

 
 
 

 

 
9,192

 
32.60

Exercised/Vested
(204,323
)
 
26.27

 
 
 
(207,622
)
 
33.71

 
(39,816
)
 
32.60

Expired
(75,473
)
 
36.99

 
 
 

 

 

 

Forfeited

 

 
 
 
(21,499
)
 
34.74

 

 

Outstanding at March 31, 2013
1,827,651

 
$
26.32

 
4.3 years
 
571,967

 
$
36.25

 
198,394

 
$
36.37

Options exercisable at March 31, 2013
1,317,396

 
$
24.61

 
3.0 years
 
 
 
 
 
 
 
 

_________________________________
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 three months ended March 31, 2013 and 2012:
 
Three Months Ended
 
March 31,
(in millions)
2013
 
2012
Stock options
$
0.5

 
$
0.6

Restricted stock
1.8

 
2.0

Performance vested restricted stock units
0.6

 
0.2

Total
$
2.9

 
$
2.8

Income tax benefits
$
1.1

 
$
1.0