XML 78 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8
Employee Benefit Plans (Tables)
 9 Months Ended
Sep. 30, 2013
Share-based Compensation [Abstract]  
Summary Of Stock Option Activity
A summary of the Company’s stock option activity and related information is presented below:
 
Nine months ended September 30,
 
2013
 
2012
Options
 
Weighted-Average Exercise Price
 
Options
 
Weighted-Average Exercise Price
Outstanding at January 1
289,544

 
$
34.38

 
293,817

 
$
33.95

Granted
15,475

 
37.74

 
16,876

 
35.39

Exercised
(107,140
)
 
33.36

 
(18,899
)
 
28.78

Forfeited
(2,250
)
 
34.73

 
(1,500
)
 
34.73

Outstanding at September 30
195,629

 
$
35.19

 
290,294

 
$
34.37
Stock Options Outstanding And Exercisable
Additional information regarding stock options outstanding and exercisable at September 30, 2013, is provided in the following table:
Ranges of Exercise Prices
No. of Options Outstanding
Weighted-Average Exercise Price
Weighted-Average Remaining Contractual Life (Months)
Aggregate Intrinsic Value (in thousands)
No. of Options Currently Exercisable
Weighted-Average Exercise Price of Options Currently Exercisable
Weighted-Average Remaining Contractual Life (Months)
Aggregate Intrinsic Value of Options Currently Exercisable (in thousands)
$26.62 - $33.90
72,028

$
30.70

53
$
903

22,860

$
31.86

20
$
260

$35.09 - $40.88
123,601

37.81

64
671

75,250

38.95

39
323

 
195,629

 

 
$
1,574

98,110

 

 
$
583
Weighted Average Assumptions Estimate The Fair Value Of Options Granted
 The following weighted average assumptions were used to estimate the fair value of options granted:

 
Nine months ended September 30,
 
2013
 
2012
Risk-free interest rate
1.88
%
 
2.51
%
Expected dividend yield
3.70
%
 
3.90
%
Volatility factor
41.35
%
 
48.40
%
Expected life of option
8.0 years
 
5.0 years
Restricted Shares Activity And Related Information
A summary of the Company’s restricted shares activity and related information is presented below:
 
Nine months ended September 30,
 
2013
 
2012
Restricted Awards
 
Average Market Price at Grant
 
Restricted Awards
 
Average Market Price at Grant
Outstanding at January 1
116,711

 
 
 
108,209

 
 
Granted
35,083

 
$
38.07

 
23,336

 
$
34.94

Forfeited/Vested
(9,325
)
 
 

 
(13,234
)
 
 

Outstanding at September 30
142,469

 
 

 
118,311

 
 
Net Periodic Pension Cost Of The Defined Benefit Plan
The following table presents the components of the net periodic pension cost of the Defined Benefit Plans (in thousands):

 
Three months ended September 30,
 
Nine months ended September 30,
2013
 
2012
 
2013
 
2012
Components of net periodic cost:
 
 
 
 
 
 
 
Interest cost
$
217

 
$
158

 
$
549

 
$
476

Expected return on plan assets
(276
)
 
(203
)
 
(695
)
 
(607
)
Net amortization and deferral
267

 
174

 
732

 
522

Net Periodic Pension Cost
$
208

 
$
129

 
$
586

 
$
391