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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Share-Based Compensation  
Schedule of assumptions used to estimate fair value at grant date using Black-Scholes option-pricing model

 

 

 
  Years Ended December 31,
 
  2013   2012   2011

Expected dividend yield

  NA   NA   1.68%

Expected volatility

  NA   NA   0.36

Risk-free interest rate

  NA   NA   4.76%

Expected holding period

  NA   NA   6.5 years
Schedule of stock option activity

 

 

 
  Years Ended December 31,  
 
  2013   2012   2011  
 
  Shares
Under
Option
  Weighted
Average
Exercise Price
  Shares
Under
Option
  Weighted
Average
Exercise Price
  Shares
Under
Option
  Weighted
Average
Exercise Price
 

Outstanding at beginning of year

    87,500   $ 39.24     125,700   $ 37.63     151,003   $ 37.30  

Exercised during the year

    (67,300 )   38.52     (36,900 )   33.63     (25,303 )   35.66  

Forfeited during the year

            (1,300 )   42.85          
                                 

Outstanding at end of year

    20,200     41.64     87,500     39.24     125,700     37.63  
                                 
                                 

Exercisable at end of year

    20,200   $ 41.64     87,500   $ 39.24     125,700   $ 37.63  
                                 
                                 
Schedule of restricted stock and performance-based restricted stock activity

 

 

 
  Years Ended December 31,  
 
  2013   2012   2011  
 
  Shares
Under
Restriction
  Weighted
Average
Fair Value
  Shares
Under
Restriction
  Weighted
Average
Fair Value
  Shares
Under
Restriction
  Weighted
Average
Fair Value
 

Outstanding at beginning of year

    263,883   $ 41.47     282,117   $ 39.24     301,501   $ 35.13  

Granted during the year

    57,632     47.87     102,756     41.79     95,204     46.78  

Vested and unrestricted during the year

    (103,788 )   40.75     (117,936 )   36.50     (114,009 )   34.67  

Forfeited during the year

    (6,493 )   43.48     (3,054 )   38.13     (579 )   37.75  
                                 

Outstanding at end of year

    211,234   $ 43.51     263,883   $ 41.47     282,117   $ 39.24  
                                 
                                 


 

 
  Years Ended December 31,  
 
  2013   2012   2011  
 
  Performance-
based
Shares Under
Restriction
  Weighted
Average
Fair Value
  Performance-
based
Shares Under
Restriction
  Weighted
Average
Fair Value
  Performance-based
Shares Under
Restriction
  Weighted
Average
Fair Value
 

Granted during the year

    37,456     44.13                  
                                 

Outstanding at end of year

    37,456   $ 44.13       $       $