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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2011

A summary of the status of the stock option plans and changes during the year

A summary of the status of the stock option plans at December 31, 2011, and changes during the year then ended was as follows:



	Number of Shares		Weighted Average Exercise Price
Balance at beginning of year	440,984			$13.34
Forfeited	(3,893	)	13.22
Exercised	(430,341	)	13.34
Balance at end of year	6,750		13.03
Exercisable at end of year	6,750			$13.03

Target grants performance share

Target grants of performance shares outstanding at December 31, 2011, were as follows:



Grant Date	Performance Period	Target Grant of Shares
February 2009	2009-2011	257,836
March 2010	2010-2012	227,009
February 2011	2011-2013	277,309

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

Assumptions used for grants of performance shares issued in 2011, 2010 and 2009 were:



				2011						2010						2009
Grant-date fair value					$19.99						$17.40						$20.39
Blended volatility range	23.20	%	-	32.18		%	25.69	%	-	35.36		%	40.40	%	-	50.98		%
Risk-free interest rate range	.09	%	-	1.34		%	.13	%	-	1.45		%	.30	%	-	1.36		%
Discounted dividends per share					$1.23						$1.04						$1.79

A summary of the status of the performance share awards

A summary of the status of the performance share awards for the year ended December 31, 2011, was as follows:



	Number of Shares		Weighted Average Grant-Date Fair Value
Nonvested at beginning of period	669,685		$	22.19
Granted	278,252		19.99
Vested	—		—
Forfeited	(185,783	)	30.55
Nonvested at end of period	762,154		$	19.35

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details