Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2012

Share-Based Compensation Amounts Included in Net Income

The table below presents the amounts included in net income related to share-based compensation expense for the awards granted under the DSCP and the PIP for the years ended December 31, 2012, 2011 and 2010:

For the Years Ended December 31,	2012		2011		2010
(in thousands)
Directors Stock Compensation Plan	$	443	$	407	$	283
Performance Incentive Plan		976		1,043		872
Total compensation expense		1,419		1,450		1,155
Less: tax benefit		569		581		463
Share-Based Compensation amounts included in net income	$	850	$	869	$	692

Directors Stock Compensation Plan [Member]

Summary of Stock Activity under DSCP

A summary of stock activity under the DSCP for the years ended December 31, 2012, 2011 and 2010 is presented below.

	Number of Shares		Weighted Average Grant Date Fair Value
Outstanding — December 31, 2010		—		—
Granted (1)		11,104	$	41.02
Vested		11,104	$	41.02
Forfeited		—		—
Outstanding — December 31, 2011		—		—
Granted		10,800	$	41.06
Vested		10,800	$	41.06
Forfeited		—		—
Outstanding — December 31, 2012		—		—

⁽¹⁾  In January 2011, our former Chief Executive Officer retired from the Company and was awarded 304 shares of common stock for the prorated portion of his service period as he began his service as a non-executive board member.

Performance Incentive Plan [Member]

Summary of Stock Activity under DSCP

A summary of stock activity under the PIP is presented below:

	Number of Shares		Weighted Average Fair Value
Outstanding — December 31, 2010		101,150	$	28.78
Granted		41,664	$	40.16
Vested		31,400	$	27.63
Fortfeited		24,000	$	29.31
Expired		—		—
Outstanding — December 31, 2011		87,414	$	34.47
Granted		35,706	$	39.62
Vested		13,837	$	29.19
Fortfeited(1)		21,600	$	36.57
Expired		3,038	$	26.29
Outstanding — December 31, 2012		84,645	$	37.86

⁽¹⁾  Includes shares settled with a cash payment pursuant to the terms of a separation agreement with a former named executive officer.