STOCK-BASED PLANS (Tables)

3 Months Ended

Mar. 31, 2014

STOCK-BASED PLANS

Summary of stock option plan activity

	Stock Options		Weighted Average Exercise Price
Stock Options outstanding at January 1, 2014	965,440		$	64.57
Granted	63,000		144.38
Forfeited	(3,500	)	61.30
Stock Options outstanding at March 31, 2014	1,024,940		$	69.49

Summary of restricted stock activity

	Restricted Stock	Weighted Average Grant Date Fair Value
Restricted stock outstanding at January 1, 2014	122,332	$	75.21
Granted	54,204	123.43
Vested	—	—
Restricted Stock outstanding at March 31, 2014	176,536	$	90.01