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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2012
Schedule Of Option Activity And Changes

Option activity and changes during the six months ended June 30, 2012 were as follows:

 

     Options     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Term
(Years)
     Aggregate
Intrinsic
Value
 

Outstanding at December 31, 2011

     1,133,147      $ 23.26         

Granted

     115,340        60.09         

Exercised

     (223,044     20.21         

Cancelled

     (1,278     43.92         
  

 

 

         

Outstanding at June 30, 2012

     1,024,165      $ 28.05         6.5       $ 25,693   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at June 30, 2012

     648,698      $ 20.92         5.9       $ 20,331   
  

 

 

   

 

 

    

 

 

    

 

 

 
Schedule Of Range Of Exercise Prices For Outstanding Options

For options outstanding at June 30, 2012, the options had the following range of exercise prices:

 

Range of Prices

   Options
Outstanding
     Weighted
Average
Remaining

Contractual
Life

(Years)
 

$14.24—$19.29

     368,405         5.7   

$20.53—$27.24

     235,712         7.0   

$30.07—$36.10

     210,454         4.6   

$45.83—$60.11

     209,594         9.2   
Schedule Of Weighted Average Value And Assumptions For Fair Value Of Options

The table below presents the weighted average value and assumptions used in determining the fair value for each option granted during the six months ended June 30, 2012 and 2011. Volatility was calculated using historical trends of the Company’s common stock price. There were no options granted during the three months ended June 30, 2012 and 2011.

 

 

     Stock Option Grants  
     Six Months Ended
June 30,
 
     2012      2011  

Weighted average fair value

   $ 23.39       $ 19.22   

Risk-free interest rate

     1.0%         2.8%   

Expected life in years

     5         6   

Expected volatility

     45.7%         41.9%   

Expected dividend yield

     0.5%         0.5%   
Schedule Of Non-Vested Restricted Stock Award Activity And Changes

Non-vested restricted stock awards as of June 30, 2012 and changes during the six months ended June 30, 2012 were as follows:

 

     Number of
Shares
    Weighted
Average
Grant Date
Fair Value
 

Non-vested at December 31, 2011

     582,013      $ 23.43   

Granted

     68,715        60.11   

Vested

     (298,763     17.53   

Forfeited

     (2,957     30.13   
  

 

 

   

Non-vested at June 30, 2012

     349,008      $ 35.66