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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2012
Schedule Of Weighted Average Option Fair Values And Assumptions

Weighted average option fair values and assumptions for the periods specified are disclosed in the following table:

 

     Three Months Ended
June 30,
     2012   2011

Weighted average fair value of option grants

   $ 11.23   $ 12.89

Dividend yield

   1.83%   1.35%

Volatility

   31.91%   31.96%

Risk-free forward interest rate

   0.19% - 3.99%   0.26% - 5.62%

Expected life (in years)

   5.92   5.89

 

     Six Months Ended
June 30,
     2012   2011

Weighted average fair value of option grants

   $ 11.44   $ 12.31

Dividend yield

   1.58%   1.45%

Volatility

   32.01%   32.73%

Risk-free forward interest rate

   0.17% - 3.98%   0.28% - 5.62%

Expected life (in years)

   5.98   6.13
Stock Option
 
Schedule Of Compensation Cost For Stock Options And Unvested Shares

Total compensation cost for the stock options is as follows:

 

     Three Months
Ended
June 30,
    Six Months
Ended
June 30,
 
     2012     2011     2012     2011  
     (In thousands)  

Cost of goods sold

   $ 189      $ 208      $ 482      $ 443   

Selling, general and administrative expenses

     1,462        1,930        3,428        3,983   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expense before income taxes

     1,651        2,138        3,910        4,426   

Income tax benefit

     (492     (716     (1,200     (1,452
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expense after income taxes

   $ 1,159      $ 1,422      $ 2,710      $ 2,974   
  

 

 

   

 

 

   

 

 

   

 

 

 
Unvested Shares
 
Schedule Of Compensation Cost For Stock Options And Unvested Shares

Total compensation cost for the unvested shares is as follows:

 

     Three Months
Ended
June 30,
    Six Months
Ended
June 30,
 
     2012     2011     2012     2011  
     (In thousands)  

Cost of goods sold

   $ 197      $ 150      $ 603      $ 298   

Selling, general and administrative expenses

     1,667        2,945        3,663        5,358   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expense before income taxes

     1,864        3,095        4,266        5,656   

Income tax benefit

     (477     (582     (1,140     (1,086
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expense after income taxes

   $ 1,387      $ 2,513      $ 3,126      $ 4,570