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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2012
Stock-Based Compensation Plans [Abstract]  
Schedule Of Total Stock Option And Award Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock Options

 

Stock Awards

 

 

 

 

Weighted Average

 

Aggregate

 

 

 

Weighted

 

 

 

 

 

 

Remaining

 

Intrinsic

 

 

 

Average

 

 

Number of

 

Exercise

 

Contractual

 

Value

 

Number of

 

Grant-Date

 

 

Options

 

Price

 

Life (Years)

 

(thousands)

 

Shares

 

Price

Outstanding at January 1, 2012

 

2,638,523 

$

52.44 

 

 

 

 

 

215,123 

$

55.25 

Granted

 

442,350 

 

63.36 

 

 

 

 

 

103,172 

 

41.49 

Exercised/Vested

 

(607,784)

 

39.98 

 

 

 

 

 

(49,003)

 

53.25 

Canceled/ Forfeited

 

(11,634)

 

66.27 

 

 

 

 

 

 -

 

 -

Outstanding at December 31, 2012

 

2,461,455 

 

57.41 

 

6.5 

$

25,777 

 

269,292 

 

50.34 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest at December 31, 2012

 

2,459,031 

 

57.42 

 

6.5 

 

25,741 

 

n.a.

 

n.a.

Exercisable at December 31, 2012

 

1,514,211 

 

54.45 

 

5.2 

 

20,366 

 

n.a.

 

n.a.

 

Schedule Of Valuation Assumptions

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

Stock price on date of issuance

 

$
63.36 

 

$
65.17 

 

$
52.76 

Grant date fair value per share

 

$
15.98 

 

$
19.08 

 

$
15.21 

Number of options granted

 

442,350 

 

513,100 

 

515,100 

Expected term (years)

 

4.9 

 

4.9 

 

5.1 

Risk free rate of return

 

0.89% 

 

2.35% 

 

2.43% 

Volatility

 

30.80% 

 

32.80% 

 

33.50% 

Dividend yield

 

1.0% 

 

1.0% 

 

1.5% 

Forfeiture rate

 

-

 

-

 

1.6% 

 

Schedule Of Other Data For Stock Option And Stock Award Activity

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

Total compensation cost of stock-based compensation

 

 

 

 

 

 

  plans charged against income

$

11,975 

$

14,237 

$

14,961 

Total income tax benefit recognized in income for stock

 

 

 

 

 

 

  based compensation plans

 

4,401 

 

5,232 

 

5,499 

Total intrinsic value of stock options exercised

 

15,671 

 

12,925 

 

10,096 

Total intrinsic value of stock awards vested during the period

 

2,786 

 

3,757 

 

8,437 

Per-share weighted averaged grant-date fair value of

 

 

 

 

 

 

  stock awards granted

 

41.49 

 

64.74 

 

57.13 

 

Schedule Of Other Data For Stock Options And Stock Awards

 

 

 

 

 

 

 

Stock

 

Stock

 

 

Options

 

Awards

Total unrecognized compensation related to nonvested options and awards at end of year

$

9,059 

$

6,431 

Weighted average period over which unrecognized compensation cost of nonvested options

 

 

 

 

  and awards to be recognized (years)

 

1.6 

 

1.9 

Actual income tax benefit realized from options exercised during the year

$

5,770 

 

n.a.