XML 36 R67.htm IDEA: XBRL DOCUMENT v2.4.0.8
EQUITY (Details) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2013
Stock options
Dec. 31, 2012
Stock options
Dec. 31, 2011
Stock options
Dec. 31, 2013
Restricted Stock
Dec. 31, 2012
Restricted Stock
Dec. 31, 2011
Restricted Stock
Dec. 31, 2013
Share Based Plans
Stock options
Dec. 31, 2012
Share Based Plans
Stock options
Dec. 31, 2013
Share Based Plans
Restricted Stock
Dec. 31, 2011
2008 Plan
May 31, 2008
2008 Plan
Treasury Stock                            
Shares Repurchased 163,222 9,175 5,470                      
Aggregate Cost $ 8,103,000 $ 344,000 $ 218,000                      
Average Repurchase Price (in dollars per share) $ 49.64 $ 37.51 $ 39.90                      
Stock-based compensation                            
Number of shares reserved to be granted under the plan                         2,000,000 1,500,000
Expiration term                   10 years        
Vesting period       4 years     4 years     4 years   4 years    
Number of Options                            
Outstanding at the beginning of the period (in shares)                   720,448 720,648      
Granted (in shares)       0 64,000 146,500         64,000      
Forfeited (in shares)                     (1,625)      
Exercised (in shares) (303,536) (62,575) (51,602)             (303,536) (62,575)      
Forfeited- Vested (in shares)                   (11,625)        
Forfeited- Unvested (in shares)                   (4,000)        
Outstanding at the end of the period (in shares)                   401,287 720,448      
Vested and expected to vest at the end of the period (in shares)                   398,036 713,728      
Exercisable at the end of the period (in shares)                   241,662 453,698      
Weighted Avg. Exercise Price                            
Outstanding at the beginning of the period (in dollars per share)                   $ 34.31 $ 33.07      
Granted (in dollars per share)                     $ 37.36      
Forfeited (in dollars per share)                     $ 32.02      
Exercised (in dollars per share)                   $ 30.64 $ 23.22      
Forfeited- Vested (in dollars per share)                   $ 46.01        
Forfeited- Unvested (in dollars per share)                   $ 45.22        
Outstanding at the end of the period (in dollars per share)                   $ 36.63 $ 34.31      
Vested and expected to vest at the end of the period (in dollars per share)                   $ 35.86 $ 34.28      
Exercisable at the end of the period (in dollars per share)                   $ 35.86 $ 32.02      
Weighted Average Remaining Contractual Term                            
Outstanding                   6 years 6 years 3 months 18 days      
Vested and expected to vest                   6 years 6 years 3 months 18 days      
Exercisable                   5 years 2 months 12 days 5 years 3 months 18 days      
Aggregate Intrinsic Value                            
Outstanding                   8,000,149 3,499,252      
Vested and expected to vest                   7,934,478 3,488,633      
Exercisable                   5,004,299 2,987,705      
Unamortized stock based compensation                            
Unamortized stock based compensation       1,400,000     5,100,000              
Weighted-average period for recognition of unamortized stock-based compensation cost       1 year 6 months     2 years 9 months 18 days              
Stock-based compensation, additional disclosures                            
Weighted-average fair value of options granted (in dollars per share)   $ 15.27 $ 13.18                      
Aggregate intrinsic value of options exercised 6,111,000 938,000 822,000                      
Cash proceeds received upon exercise of options 2,669,000 1,452,000 1,175,000                      
Excess tax benefits from share-based compensation (2,102,000) 362,000                        
Weighted-average assumptions using Black-Scholes option-pricing model for estimating fair value of each option granted                            
Risk-free interest rate (as a percent)   1.40% 2.10%                      
Expected dividend yield (as a percent)   2.50% 2.70%                      
Expected life   6 years 3 months 6 years 3 months                      
Expected volatility (as a percent)   53.00% 51.00%                      
Stock compensation expense                            
Stock compensation expense       $ 1,400,000 $ 1,800,000 $ 1,600,000 $ 3,100,000 $ 1,800,000 $ 1,600,000          
Shares                            
Unvested at the beginning of the period (in shares)             103,853 68,773            
Granted (in shares)             100,902 72,083 21,925          
Forfeited (in shares)             (250) (1,499)            
Vested and issued (in shares)             (49,986) (35,504)            
Unvested at the end of the period (in shares)             154,519 103,853 68,773          
Weighted Avg. Fair Value                            
Unvested at the beginning of the period (in dollars per share)             $ 39.63 $ 41.39            
Granted (in dollars per share)             $ 48.54 $ 36.93            
Forfeited (in dollars per share)             $ 46.85 $ 38.60            
Vested and issued (in dollars per share)             $ 43.96 $ 37.58            
Unvested at the end of the period (in dollars per share)             $ 44.04 $ 39.63 $ 41.39