STOCK-BASED PLANS (Tables)-K

12 Months Ended

Dec. 31, 2014

STOCK-BASED PLANS

Summary of stock option plan activity

				Weighted Average	Aggregate
		Weighted Average		Remaining	Intrinsic
	Shares	Exercise Price		ContractualTerm	Value
				(Inyears)
Stock options outstanding at January 1, 2012	712,640	$	57.72
Granted	200,000		64.19
Exercised	-		-
Forfeited	(50,700)		58.62
Expired	-		-
Stock options outstanding at December 31, 2012	861,940	$	59.17
Granted	132,100		99.38
Exercised	-		-
Forfeited	(28,600)		62.40
Expired	-		-
Stock options outstanding at December 31, 2013	965,440	$	64.57
Granted	116,500		144.26
Exercised	-		-
Forfeited	(35,450)		87.45
Expired	-		-
Stock options outstanding at December 31, 2014	1,046,490	$	72.61	7.0	$	61,986,678
Stock options exercisable at December 31, 2014	400	$	57.77	2.5	$	29,060
Remaining unvested options outstanding and expected to vest	1,024,077	$	72.33	7.0	$	60,907,525

Schedule of information related to stock options outstanding

				Weighted Average
	Number	Weighted Average		Remaining	Number
Range of Exercise Prices	Outstanding	Exercise Price		Contractual Term	Exercisable
				(In years)
$46.49 - $55.82	63,500	$	51.26	6.8	-
$57.77 - $60.33	580,400		57.95	6.3	400
$61.64 - $69.75	170,240		66.17	7.3	-
$81.80 - $110.50	128,100		99.90	8.5	-
$125.09 - $151.72	104,250		144.17	9.4	-
	1,046,490	$	71.02	7.0	400

Schedule of fair value on grant date and the significant assumptions used in Black-Scholes option-pricing model

	As of December 31,
	2014		2013		2012
Grant date fair value	$	48.65	$	28.04	$	19.33
Expected life of options (in years)		7.5		7.3		7.3
Risk-free interest rate		2.2%		1.8%		1.4%
Expected volatility		25.7%		22.0%		25.0%
Expected annual dividend per share		-		-		-

Summary of restricted stock activity

		Weighted Average
		Grant Date
	Shares	FairValue
Restricted stock outstanding at January 1, 2012	42,553	$	65.18
Granted	27,933		63.86
Vested	(12,553)		59.77
Restricted stock outstanding at December 31, 2012	57,933	$	65.72
Granted	77,434		79.77
Vested	(13,033)		60.15
Restricted stock outstanding at December 31, 2013	122,334	$	75.21
Granted	61,750	$	126.38
Vested	(11,394)		97.72
Restricted stock outstanding at December 31, 2014	172,690	$	92.02