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Stock Plans (Tables)
6 Months Ended
Jun. 30, 2013
Schedule of Stock Compensation Expense

Stock compensation expense was as follows:

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 

(In thousands)

      2013         2012            2013            2012     

Stock compensation expense

   $ 2,754       $ 2,377       $ 7,949       $ 5,295   

Income tax benefit

     1,026         886         2,948         1,934   
  

 

 

    

 

 

    

 

 

    

 

 

 

Stock compensation expense, net of income tax benefit

     1,728         1,491         5,001         3,361   
  

 

 

    

 

 

    

 

 

    

 

 

 
Summary of Stock Option Activity

A summary of stock option activity for the six months ended June 30, 2013 follows:

 

     Shares     Weighted
Average
Exercise Price
 

Outstanding at January 1

     1,784,660      $ 33.05   

Granted

     188,407        49.03   

Exercised

     (240,219     34.79   
  

 

 

   

 

 

 

Outstanding at June 30

     1,732,848        34.54   
  

 

 

   

 

 

 

Exercisable at June 30

     1,187,815        31.85   
  

 

 

   

 

 

 
Summary of Restricted Stock Activity

A summary of restricted stock activity for the six months ended June 30, 2013 follows:

 

     Shares     Weighted
Average
Grant Date
Fair Value
 

Unvested at January 1

     417,843      $ 31.92   

Granted

     86,177        48.80   

Vested

     (166,739     26.80   

Forfeited

     (8,371     40.06   
  

 

 

   

 

 

 

Unvested at June 30

     328,910        38.73   
  

 

 

   

 

 

 
Summary of Performance Stock Unit Activity

A summary of performance stock unit activity for the six months ended June 30, 2013 follows:

 

     Shares     Weighted
Average
Grant Date
Fair Value
 

Unvested at January 1

     137,672      $ 35.85   

Granted

     53,357        57.58   

Performance adjustments

     3,317        24.63   

Vested

     (42,413     24.84   
  

 

 

   

 

 

 

Unvested at June 30

     151,933        46.31