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Capital Transactions (Tables)
12 Months Ended
Dec. 31, 2011
Capital Transactions  
Schedule of assumptions used and weighted average fair value for grants

 

 

 
  2011   2010   2009  

Expected annual dividend rate

    1.04 %   1.10 %   1.05 %

Risk-free interest rate

    2.08 %   1.88 %   1.67 %

Average expected life (years)

    5.8     4.6     4.6  

Expected volatility of common stock

    0.404     0.402     0.351  

Forfeiture rate

    0.0 %   0.0 %   1.0 %

Weighted average fair value of option grants

  $ 5.74   $ 4.78   $ 4.42  
Schedule of restricted stock activity

 

 

 
  Number of
Shares
  Weighted-Average
Grant-Date
Fair Value
 

Non-vested shares outstanding at December 31, 2008

    755,127   $ 25.50  

Granted

    227,451     15.24  

Vested

    (260,575 )   22.94  

Cancelled

    (35,417 )   24.10  
           

Non-vested shares outstanding at December 31, 2009

    686,586   $ 23.13  

Granted

    248,384     14.49  

Vested

    (256,285 )   25.51  

Cancelled

    (19,422 )   21.68  
           

Non-vested shares outstanding at December 31, 2010

    659,263     18.97  

Granted

    249,502     15.51  

Vested

    (238,848 )   25.80  

Cancelled

    (58,315 )   15.71  
           

Non-vested shares outstanding at December 31, 2011

    611,602     15.08  
Schedule of stock option activity

 

 

 
  2011   2010   2009  
 
  Number of
Options
  Weighted
Average
Exercise
Price
  Weighted
Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value
($000)
  Number of
Options
  Weighted
Average
Exercise
Price
  Number of
Options
  Weighted
Average
Exercise
Price
 

Outstanding at beginning of year

    4,586,979   $ 19.96   3.3 years   $     4,740,695   $ 20.37     4,470,734   $ 20.90  

Granted

    327,617     15.45               320,458     14.49     457,397     15.24  

Exercised

    (5,941 )   10.57               (4,821 )   10.57     (13,011 )   14.64  

Cancelled

    (731,982 )   24.73               (469,353 )   20.46     (174,425 )   19.66  
                                           

Outstanding at end of year

    4,176,673     19.26   2.7 years         4,586,979     19.96     4,740,695     20.37  
                                           

Exercisable at December 31, 2011

    3,310,143     20.35   2.1 years                              

Exercisable at December 31, 2010

    3,468,223     20.52   2.7 years                              
Schedule of non-vested stock options

 

 

 
  Number of
Shares
  Weighted-Average
Grant-Date
Fair Value
 

Non-vested shares at beginning of year

    1,118,756   $ 5.10  

Granted

    327,617     5.74  

Vested

    (340,900 )   6.34  

Cancelled

    (238,943 )   5.02  
           

Non-vested shares at end of year

    866,530   $ 4.82  
Schedule of stock options outstanding

 

 

 
  Options Outstanding   Options Exercisable  
Range of Exercise Prices
  Number
Outstanding
  Weighted Average
Remaining
Contractual Life
  Weighted Average
Exercise Price
  Number
Exercisable
  Weighted Average
Exercise Price
 

$10 to $15

    1,148,921   3.9 years   $ 14.01     282,391   $ 10.66  

$16 to $21

    1,698,224   2.8 years     17.70     1,698,224     17.70  

$22 to $28

    1,329,528   1.5 years     25.79     1,329,528     25.79  
                           

$10 to $28

    4,176,673   2.7 years     19.26     3,310,143     20.35