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Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
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, 2013, 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, 2013
473

 
$
19.10

 
 
 
 
Options exercised
(300
)
 
20.90

 
 
 
 
Options & SOSARs cancelled / forfeited

 

 
 
 
 
Options and SOSARs outstanding at December 31, 2013
173

 
$
15.99

 
0.76
 
$
7,510

Vested and expected to vest at December 31, 2013
173

 
$
15.99

 
0.76
 
$
7,510

Options exercisable at December 31, 2013
173

 
$
15.99

 
0.76
 
$
7,510



 
Year ended December 31,
(in thousands)
2013
 
2012
 
2011
Total intrinsic value of options exercised
$
4,678

 
$
1,937

 
$
3,817

Total fair value of shares vested
$
576

 
$
818

 
$
816

Weighted average fair value of options granted
$

 
$

 
$


Summary of nonvested restricted shares
A summary of the status of the Company's nonvested restricted shares as of December 31, 2013, 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, 2013
180

 
$
28.82

Granted
60

 
47.65

Vested
(50
)
 
25.27

Forfeited
(2
)
 
29.93

Nonvested restricted shares at December 31, 2013
188

 
$
35.74


 
Year ended December 31,
 
2013
 
2012
 
2011
Total fair value of shares vested (000's)
$1,121
 
$590
 
$1,367
Weighted average fair value of restricted shares granted
$47.65
 
$28.99
 
$31.87

Summary of nonvested performance share units
A summary of the status of the Company's PSUs as of December 31, 2013, and changes during the period then ended, is presented below:
 
Shares (000)'s
 
Weighted-Average Grant-Date Fair Value
Nonvested at January 1, 2013
306

 
$
28.81

Granted
104

 
47.32

Vested
(54
)
 
22.09

Forfeited
(6
)
 
32.56

Nonvested at December 31, 2013
350

 
$
35.27


 
Year ended December 31,
 
2013
 
2012
 
2011
Weighted average fair value of PSUs granted
$47.32
 
$28.99
 
$31.87
Fair value of the option component of the ESP Plan
 
2013
 
2012
 
2011
Risk free interest rate
0.16
%
 
0.11
%
 
0.27
%
Dividend yield
1.49
%
 
1.37
%
 
1.21
%
Volatility factor of the expected market price of the common shares
0.27

 
0.41

 
0.34

Expected life for the options (in years)
1.00

 
1.00

 
1.00