XML 43 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
COMPENSATION PROGRAM (Tables)
3 Months Ended
Mar. 31, 2013
Compensation And Retirement Disclosure [Abstract]  
Schedule Of Dividend Equivalent Rights

Dividend Equivalent Rights issued and outstanding at March 31, 2013 and the related compensation costs for the quarters ended March 31, 2013 and 2012 were as follows:

 

Month of

Grant*

   Total
Grant
     Quarter Ended March 31  
      2013      2012  

July 2008

     225,000       $ 70,000       $ 97,000   

July 2009

     225,000         70,000         97,000   

July 2010

     60,000         19,000         26,000   

August 2011

     72,000         22,000         31,000   

July 2012

     72,000         22,000         —     
  

 

 

    

 

 

    

 

 

 
     654,000       $ 203,000       $ 251,000   
  

 

 

    

 

 

    

 

 

 

 

* All grants expire July 1, 2015 unless extended by the Committee.
Schedule Of Performance-Based Stock Awards

The following table includes performance-based stock awards issued to employees with related measurement period information at March 31, 2013:

 

                  Final      Remaining Shares with  
     Grant Date      Total     Measurement      Initial Measurement Periods  
Year of    Fair Value      Original     Period Ends      Ending December 31  

Grant

   Per Share      Grants     December 31      2013      2014      2015      2016  

2008

   $ 10.18         140,658  (a)      2015         —           —           —           —     

2009

     14.33         110,917  (b)      2016         52,915         —           —           —     

2010

     12.44         128,766        2017         61,508         61,499         —           —     

2011

     12.72         132,490        2018         —           63,722         63,718         —     

2012

     11.67         145,399        2019         —           —           69,853         69,849   

 

(a) The performance criteria for the three-year measurement periods ending December 31, 2012 and 2011 were met resulting in the vesting of 135,194 shares associated with this grant.
(b) The performance criteria for the first three-year measurement period ending December 31, 2012 was met resulting in the vesting of 53,431 shares associated with the first 50% of this grant.
Schedule Of Service-Based Stock Awards

The following table includes service-based stock awards issued to directors and employees with related vesting and forfeiture information (subject to certain restrictions, principally continuous service), at March 31, 2013:

 

     Grant Date      Total                  Remaining Shares  
Year of    Fair Value      Original      As of March 31, 2013    Scheduled to Vest During:  

Grant

   Per Share      Grants      Vested      Forfeited    2013*      2014  

2007

   $ 12.93         156,000         98,507       12,832      22,497         22,164   

2008

     12.87         6,000         6,000       —        —           —     

2009

     11.39         6,000         6,000       —        —           —     

2010

     11.64         12,000         12,000       —        —           —     

2011

     13.23         24,000         24,000       —        —           —     

2012

     13.59         29,000         —         —        29,000         —     

 

* The 2007 grant shares vested in January 2013 and the 2012 grant shares are scheduled to vest in April 2013.
Schedule of Performance and Service Based Stock Award Activity

Performance-based and service-based stock award activity for the quarter ended March 31, 2013 is summarized below:

 

     Number of
Shares
    Weighted Average
Grant Date
Fair Value
 

Unvested stock awards outstanding at December 31, 2012

     657,720      $ 12.48   

Vestings

     (143,523     12.17   

Forfeitures

     (19,969     12.65   
  

 

 

   

Unvested stock awards outstanding at March 31, 2013

     494,228        12.56   
  

 

 

   
Schedule Of Option Award Activity

Option award activity for the quarter ended December 31, 2012 is summarized below:

 

     Number  of
Shares
    Weighted Average
Exercise Price
 

Option awards outstanding at December 31, 2012

     97,500      $ 11.63   

Exercises

     (3,750     9.40   
  

 

 

   

Option awards outstanding at March 31, 2013

     93,750        11.72