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Stock-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2012
Stock Options Outstanding

The Company has not issued any stock options since 2008. The following table summarizes information related to stock options outstanding at December 31, 2012:

 

Exercise

Price

    Weighted Average
Remaining  Life
(in years)		      Number of
Options
Outstanding		      Number of
Options
Exercisable		  

$32.50

      2.9         51,500         51,500   

$33.22

      4.0         65,650         65,650   

$54.36

      0.4         40,000         40,000   
     

 

 

     

 

 

  
        157,150         157,150   
     

 

 

     

 

 

  
Stock Option Activity under Company's Incentive Plans

The following table summarizes information related to stock option activity under the Company’s incentive plans for the year ended December 31, 2012:

 

     Number of
Options		     Weighted
Average
Exercise  Price		  

Outstanding at January 1, 2012

      203,150      $ 36.64   

Expired and forfeited

      (46,000 )    $ 30.74   
  

 

 

    

Outstanding at December 31, 2012

      157,150      $ 38.36   
  

 

 

    

Vested and Exercisable at December 31, 2012

      157,150      $ 38.36   
  

 

 

    
Options Exercised and Tax Benefit Realized
       2010          2011          2012    
     (In thousands)  

Cash received for options exercised

    $    1,427       $      —       $      —   

Actual tax benefit realized

    $ 4,221       $ —       $ —   
Summary of Restricted Stock Activity

A summary of restricted stock activity for the year ended December 31, 2012 is presented below:

 

     Number of
Restricted
Shares		      Weighted
Average Grant
Price		  

Outstanding at January 1, 2012

      2,114,520       $ 31.25   

Granted

      303,530       $ 15.49   

Vested

      (437,123 )     $ 35.07   

Forfeitures

      (20,092 )     $ 26.10   
  

 

 

     

Outstanding at December 31, 2012

      1,960,835       $ 28.01