Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2012

Summary of Stock Option Activity

A summary of the Company’s stock option activity and related information follows:

	Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
								(In thousands)
Outstanding at December 31, 2011		1,224,699		$	21.64
Exercised		(535,002	)		20.90
Forfeited		(1,250	)		23.09
Outstanding and exercisable at June 30, 2012		688,447		$	22.23		1.5	$	4,141

Summary of Restricted Stock Activity

A summary of the Company’s restricted stock activity follows:

	2012						2011
	Shares			Fair Market Value at Date of Grant			Shares			Fair Market Value at Date of Grant
(Dollars in thousands)
Restricted stock at January 1		1,817,745		$	40,655			1,478,000		$	30,600
Granted		394,928			10,846			574,496			15,975
Vested		(104,069	)		(2,823	)		(214,261	)		(5,498	)
Cancellations		(7,550	)		(157	)		(3,465	)		(72	)
Restricted stock at June 30		2,101,054		$	48,521			1,834,770		$	41,005

Compensation Expense For Restricted Stock Recognized In Condensed Consolidated Statements Of Income

Compensation expense for restricted stock recognized in the condensed consolidated statements of income for the three- and six-month periods ended June 30, 2012 and 2011 was as follows:

	Three Months Ended June  30,						Six Months Ended June 30,
	2012			2011			2012			2011
(In thousands)
Impact on income before income taxes	$	(3,137	)	$	(2,954	)	$	(5,731	)	$	(4,704	)
Income tax benefit		1,219			1,149			2,228			1,830
Impact on net income	$	(1,918	)	$	(1,805	)	$	(3,503	)	$	(2,874	)