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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2011
Share-Based Compensation  
Schedule of compensation expense and the related income tax benefit recognized for all share-based awards

 

 

(dollars in thousands)
  2011
  2010
  2009
 
   

Compensation Expense

  $ 6,216   $ 3,841   $ 3,552  

Income Tax Benefit

    2,668     1,648     1,560  
Schedule of weighted average fair value of stock option grants and assumptions that were used in calculating such fair values were based on estimates at the date of grant

 

 

 
  2011
 
   

Weighted Average Fair Value of Stock Options

       

Granted During the Year

  $ 10.47  

Stock Options Granted During the Year

    341,629  

Assumptions:

       

Average Risk-Free Interest Rate

    0.96%  

Average Expected Volatility

    39.94%  

Expected Dividend Yield

    3.87%  

Expected Life

    5.22 years  
Schedule of activity related to stock options

 

 

 
  Stock
Options   

  Weighted
Average
Exercise
Price

  Weighted
Average
Remaining
Contractual
Term (in years)

  Aggregate
Intrinsic
Value
(in thousands)

 
   

Stock Options Outstanding as of January 1, 2011

    913,618   $ 36.18              

Granted

    341,629     42.22              

Exercised

    (217,818 )   27.75              

Expired

    (16,239 )   43.56              
                         

Stock Options Outstanding as of December 31, 2011

    1,021,190     39.88     4.7   $ 6,043  
                         

Stock Options Vested and Exercisable as of December 31, 2011

    679,561     38.71     2.0     5,267  
                         
Summary of certain stock option activity of the Company

 

 

(dollars in thousands)
  2011
  2010
  2009
 
   

Intrinsic Value of Stock Options Exercised

  $ 3,790   $ 9,507   $ 1,688  

Cash Received from Stock Options Exercised

    6,044     9,628     2,736  

Tax Benefits Realized from Stock Options Exercised

    888     2,983     278  

Total Fair Value of Stock Options that Vested

    3,578     -     96  
Schedule of activity for restricted stock

 

 

 
  Number of Shares
  Weighted Average
Grant Date Fair Value

  Grant Date Fair Value
of Restricted Stock that
Vested During the Year
(in thousands)

 
   

Unvested as of December 31, 2008

    225,995   $ 52.05        

Granted

    10,129     36.26        

Vested

    (90,382 )   52.21   $ 4,719  

Forfeited

    (1,777 )   51.78        
   

Unvested as of December 31, 2009

    143,965   $ 50.84        
   

Granted

    88,404     52.50        

Vested

    (104,128 )   50.40   $ 5,248  

Forfeited

    (1,356 )   53.42        
   

Unvested as of December 31, 2010

    126,885   $ 52.34        
   

Granted

    20,831     47.58        

Vested

    (65,226 )   52.28   $ 3,410  

Forfeited

    (1,648 )   52.69        
   

Unvested as of December 31, 2011

    80,842   $ 51.15