Stock Compensation Plans

6 Months Ended

Jun. 30, 2012

Stock Compensation Plans

Note 7. 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 (“LTIP”) awards; liability-based awards outstanding under the plans are Cash RSUs.

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

	Three Months Ended June 30,						Six Months Ended June 30,
(DOLLARS IN THOUSANDS)	2012			2011			2012			2011
Equity-based awards	$	8,282		$	8,272		$	11,272		$	13,089
Liability-based awards		640			1,311			1,571			2,823
Total stock-based compensation expense		8,922			9,583			12,843			15,912
Less: tax benefit		(2,772	)		(2,933	)		(4,035	)		(5,235	)
Total stock-based compensation expense, after tax	$	6,150		$	6,650		$	8,808		$	10,677