Share-Based Arrangements (Tables)

12 Months Ended

Dec. 31, 2014

SHARE BASED ARRANGEMENTS [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity

Stock option activity is as follows:

	Options		Weighted average- exercise price
Options outstanding at December 31, 2013	891,932		$	28.18
Granted	186,885		39.22
Exercised	(163,245	)	23.21
Forfeited or expired	(11,481	)	35.68
Options outstanding at December 31, 2014	904,091		$	31.26

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding

The following table presents information regarding options outstanding as of December 31, 2014:

Weighted-average remaining contractual term - options outstanding (years)	6.2
Aggregate intrinsic value - options outstanding (in thousands)	$	8,180
Weighted-average exercise price - options outstanding	$	31.26
Options exercisable	415,955
Weighted-average remaining contractual term - options exercisable (years)	4.5
Aggregate intrinsic value - options exercisable (in thousands)	$	5,816
Weighted-average exercise price - options exercisable	$	26.33

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table indicates the weighted-average assumptions used in estimating fair value:

	2014			2013			2012
Expected option term (years)	5.1			5.2			5.4
Expected volatility	37.5		%	45.5		%	46.5		%
Risk-free interest rate	1.5		%	0.9		%	0.9		%
Expected dividend yield	1.7		%	2.0		%	1.9		%
Per share fair value of options granted	$	11.60		$	12.38		$	12.00

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

Restricted Stock activity is as follows:

	Restricted Stock Awards		Weighted- average grant date fair value
Restricted Stock outstanding at December 31, 2013	188,647		$	31.23
Granted	111,071		39.89
Vested	(85,374	)	31.63
Forfeited or expired	(17,791	)	33.80
Restricted Stock outstanding at December 31, 2014	196,553		$	36.29