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Share-Based Compensation: (Tables)
6 Months Ended
Jun. 30, 2013
Share-Based Compensation:  
Stock Option Activity

Activity in the Company’s stock option plans for the six months ended June 30, 2013, was as follows (in thousands, except weighted average exercise price and weighted average contractual life):

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

Weighted

 

 

 

 

 

 

 

 

 

1998

 

 

 

Average

 

Average

 

Aggregate

 

 

 

2007

 

1998

 

Director

 

Total

 

Exercise

 

Contractual

 

Intrinsic

 

 

 

Plan

 

Plan

 

Plan

 

Shares

 

Price

 

Life

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, January 1, 2013

 

954

 

253

 

146

 

1,353

 

$

21.15

 

 

 

 

 

Granted

 

 

 

 

 

$

 

 

 

 

 

Exercised

 

(42

)

 

(6

)

(48

)

$

17.41

 

 

 

 

 

Forfeited and expired

 

(6

)

(2

)

 

(8

)

$

21.74

 

 

 

 

 

Outstanding, June 30, 2013

 

906

 

251

 

140

 

1,297

 

$

21.28

 

5.1

 

$

4,897

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, June 30, 2013

 

704

 

251

 

140

 

1,095

 

$

21.14

 

4.6

 

$

4,307

 

Non-Vested Restricted Stock Unit Activity

The following table summarizes non-vested restricted stock unit activity through June 30, 2013, (in thousands, except weighted average grant-date fair value amounts):

 

 

 

2007

 

 

 

 

 

Plan

 

Weighted

 

 

 

Restricted

 

Average

 

 

 

Stock

 

Grant-Date

 

 

 

Units

 

Fair Value

 

 

 

 

 

 

 

Outstanding, January 1, 2013

 

356

 

$

17.97

 

Granted

 

367

 

$

26.64

 

Vested

 

(152

)

$

17.20

 

Canceled

 

 

$

0.00

 

Outstanding, June 30, 2013

 

571

 

$

23.76

 

Summary of Compensation Cost and Other Measures Related to Share-Based Payments

A summary of compensation cost related to share-based payments for the three and six months ended June 30, 2013 and 2012, exclusive of A&B related compensation prior to the Separation, is as follows (in millions):

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Share-based expense (net of estimated forfeitures):

 

 

 

 

 

 

 

 

 

Stock options

 

$

 0.1

 

$

 0.2

 

$

 0.2

 

$

 0.4

 

Non-vested stock/Restricted stock units

 

1.4

 

0.6

 

2.6

 

1.4

 

Total share-based expense

 

1.5

 

0.8

 

2.8

 

1.8

 

Total recognized tax benefit

 

(0.6

)

(0.3

)

(1.1

)

(0.7

)

Share-based expense (net of tax)

 

$

 0.9

 

$

 0.5

 

$

 1.7

 

$

 1.1