Stock Compensation Plans

9 Months Ended

Sep. 30, 2014

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 (“RSUs”), stock options, SSARs 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)	2014			2013			2014			2013
Equity-based awards	$	5,593		$	4,869		$	19,627		$	18,919
Liability-based awards	452			995			3,216			3,077
Total stock-based compensation expense	6,045			5,864			22,843			21,996
Less: tax benefit	(1,899		)	(1,735		)	(6,970		)	(6,756		)
Total stock-based compensation expense, after tax	$	4,146		$	4,129		$	15,873		$	15,240

- 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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