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Employee Incentive, Retirement, and Deferred Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2013
Employee Incentive, Retirement, and Deferred Compensation Plans [Abstract]  
Stock-Based Compensation Expense and Related Income Tax Benefit

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

  

 

2013

 

 

2012

 

 

2011

Stock option expense

  

$

52 

  

 

$

57 

  

 

$

61 

 

Restricted stock unit expense

  

 

60 

  

 

 

40 

  

 

 

23 

 

Restricted stock award expense

  

 

 -

  

 

 

  

 

 

12 

 

Employee stock purchase plan expense

  

 

  

 

 

  

 

 

 

Total stock-based compensation expense

  

$

116 

  

 

$

105 

  

 

$

99 

 

Income tax benefit on stock-based compensation

  

$

(43)

 

 

$

(39)

 

 

$

(37)

 

 

Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

 

 

 

 

Average

 

Remaining

 

Aggregate

 

 

Number

 

Exercise Price

 

Contractual

 

Intrinsic

 

 

of Options

 

per Share

 

Life (in years)

 

Value

 

Outstanding at December 31, 2012

 

57 

 

  

 

$

16.04 

 

  

 

 

 

 

 

 

 

Granted

 

 

 

 

$

21.71 

 

  

 

 

 

 

 

 

 

Exercised

 

(16)

 

 

 

$

16.47 

 

  

 

 

 

 

 

 

 

Forfeited

 

(1)

 

 

 

$

13.39 

 

  

 

 

 

 

 

 

 

Expired

 

(1)

 

 

 

$

19.96 

 

  

 

 

 

 

 

 

 

Outstanding at December 31, 2013

 

46 

 

  

 

$

16.74 

 

  

 

6.83 

  

 

$

427 

 

Vested and expected to vest at December 31, 2013

 

44 

 

  

 

$

16.76 

 

  

 

6.74 

  

 

$

406 

 

Vested and exercisable December 31, 2013

 

25 

 

  

 

$

17.17 

 

  

 

5.33 

  

 

$

220 

 

 

Information on Stock Options Granted and Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

  

 

2013

 

 

2012

 

 

2011

Weighted-average fair value of options granted per share

  

$

6.33 

  

 

$

4.07 

  

 

$

4.16 

 

Cash received from options exercised

  

$

258 

  

 

$

35 

  

 

$

96 

 

Tax benefit realized on options exercised

  

$

 -

  

 

$

  

 

$

 

Aggregate intrinsic value of options exercised

  

$

82 

  

 

$

  

 

$

38 

 

 

Assumptions Used to Value Options Granted and Their Expected Lives

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2013

 

 

2012

 

 

2011

Weighted-average expected dividend yield

 

 

1.13 

 

 

.99

 

 

.85

Weighted-average expected volatility

 

 

28 

 

 

31 

 

 

36 

Weighted-average risk-free interest rate

 

 

2.5 

 

 

1.8 

 

 

2.1 

Expected life (in years)

 

 

4.67.9 

  

 

 

3.0 – 6.7 

  

 

 

0.0 – 6.3 

  

 

Restricted Stock Units Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Average Grant

 

 

 

Number

 

Date Fair Value

 

 

 

of Units

 

per Unit

 

Outstanding at December 31, 2012

 

11 

 

  

$

13.34 

 

  

Granted

 

 

  

$

21.32 

 

  

Vested

 

(3)

 

 

$

22.44 

 

  

Forfeited

 

(1)

 

 

$

14.17 

 

  

Outstanding at December 31, 2013

 

11 

 

  

$

16.11