XML 119 R41.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Weighted-average fair values and assumptions for options granted
 
2012
 
2011
 
2010
Risk free interest rate
%
 
%
 
1.96
%
Dividend yield
%
 
%
 
1.10
%
Volatility factor of the expected market price of the Company's common shares

 

 
0.56

Expected life for the options (in years)

 

 
4.10

Summary of stock options outstanding and exercisable under long-term performance compensation plan
A reconciliation of the number of SOSARs outstanding and exercisable under the Long-Term Performance Compensation Plan as of December 31, 2012, and changes during the period then ended is as follows:
 




Shares
(000's)
 


Weighted- Average Exercise
Price
 
Weighted- Average Remaining Contractual Term
 


Aggregate Intrinsic Value
(000's)
Options & SOSARs outstanding at January 1, 2012
503

 
$
31.56

 
 
 
 
SOSARs granted

 

 
 
 
 
Options exercised
(188
)
 
36.45

 
 
 
 
Options & SOSARs cancelled / forfeited

 

 
 
 
 
Options and SOSARs outstanding at December 31, 2012
315

 
$
28.65

 
1.24
 
$
4,789

Vested and expected to vest at December 31, 2012
315

 
$
28.65

 
1.23
 
$
4,785

Options exercisable at December 31, 2012
275

 
$
28.06

 
1.10
 
$
4,384



 
Year ended December 31,
(in thousands)
2012
 
2011
 
2010
Total intrinsic value of options exercised
$
1,937

 
$
3,817

 
$
2,724

Total fair value of shares vested
$
818

 
$
816

 
$
3,084

Weighted average fair value of options granted
$

 
$

 
$
13.75


Summary of nonvested restricted shares
A summary of the status of the Company's nonvested restricted shares as of December 31, 2012, and changes during the period then ended, is presented below:

 
Shares (000)'s
 
Weighted-Average Grant-Date Fair Value
Nonvested restricted shares at January 1, 2012
93

 
$
33.54

Granted
69

 
43.49

Vested
(40
)
 
21.61

Forfeited
(2
)
 
41.80

Nonvested restricted shares at December 31, 2012
120

 
$
43.23


 
Year ended December 31,
 
2012
 
2011
 
2010
Total fair value of shares vested (000's)
$590
 
$1,367
 
$566
Weighted average fair value of restricted shares granted
$43.49
 
$47.80
 
$32.75

Summary of nonvested performance share units
A summary of the status of the Company's PSUs as of December 31, 2012, and changes during the period then ended, is presented below:
 
Shares (000)'s
 
Weighted-Average Grant-Date Fair Value
Nonvested at January 1, 2012
165

 
$
32.73

Granted
97

 
43.49

Vested
(22
)
 
11.97

Forfeited
(36
)
 
14.95

Nonvested at December 31, 2012
204

 
$
43.21


 
Year ended December 31,
 
2012
 
2011
 
2010
Weighted average fair value of PSUs granted
$43.49
 
$47.80
 
$32.69
Fair value of the option component of the ESP Plan
 
2012
 
2011
 
2010
Risk free interest rate
0.11
%
 
0.27
%
 
0.47
%
Dividend yield
1.37
%
 
1.21
%
 
1.1
%
Volatility factor of the expected market price of the common shares
0.41

 
0.34

 
0.54

Expected life for the options (in years)
1.00

 
1.00

 
1.00