Stock Compensation Plans

9 Months Ended

Sep. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Compensation Plans:

The Company has various plans under which its officers, senior management, other key employees and directors may be granted equity-based awards. Equity awards outstanding under the plans include PRS, restricted stock units (“RSU’s”), stock options, SSAR’s and Long-Term Incentive Plan awards; liability-based awards outstanding under the plans are cash-settled RSUs.

Stock-based compensation expense and related tax benefits were as follows:



	Three Months Ended September 30,						Nine Months Ended September 30,
(DOLLARS IN THOUSANDS)	2013			2012			2013			2012
Equity-based awards	$	4,869		$	4,091		$	18,919		$	15,363
Liability-based awards	995			779			3,077			2,350
Total stock-based compensation expense	5,864			4,870			21,996			17,713
Less: tax benefit	(1,735		)	(1,511		)	(6,756		)	(5,546		)
Total stock-based compensation expense, after tax	$	4,129		$	3,359		$	15,240		$	12,167

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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