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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2012
Share-based Compensation [Abstract]  
Summary Of Restricted Stock Activity

 

 

 

 

 

 

 

 Restricted Stock

 

Number of  Shares

 

 

Weighted Average Grant-Date Fair Value Per Share

 

Outstanding as of January 1, 2010

 

 

242,277

 

 

$

20.23

 

Granted

 

 

19,183

 

 

 

40.36

 

Vested

 

 

(143,084

)

 

 

21.79

 

Forfeited

 

 

(6,618

)

 

 

27.59

 

Outstanding as of December 31, 2010

 

 

111,758

 

 

$

21.09

 

Granted

 

 

8,908

 

 

 

70.40

 

Vested

 

 

(62,655

)

 

 

19.52

 

Forfeited

 

 

(9,750

)

 

 

25.88

 

Outstanding as of December 31, 2011

 

 

48,261

 

 

$

31.26

 

Granted

 

 

199,558

 

 

 

105.96

 

Vested

 

 

(37,266

)

 

 

24.23

 

Forfeited

 

 

(3,879

)

 

 

66.89

 

Outstanding as of December 31, 2012

 

 

206,674

 

 

$

103.99

 

 

Summary Of Restricted Stock Units Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonvested

 

 

Vested

 

 

Total

 

 

 

 

 Restricted Stock Units

 

Number of Restricted Stock Units

 

 

Weighted Average Grant-Date Fair Value Per Share

 

 

Number of Restricted Stock Units

 

 

Weighted Average Grant-Date Fair Value Per Share

 

 

Number of Restricted Stock Units

 

 

 

 

Outstanding as of January 1, 2010

 

 

648,250

 

 

$

19.35

 

 

 

120,000

 

 

$

26.30

 

 

 

768,250

 

 

 

 

Granted

 

 

32,500

 

 

 

39.89

 

 

 

-

 

 

 

-

 

 

 

32,500

 

 

 

(1

)

Vested

 

 

(149,650

)

 

 

20.24

 

 

 

149,650

 

 

 

20.24

 

 

 

-

 

 

 

(2

)

Forfeited

 

 

(10,000

)

 

 

39.89

 

 

 

-

 

 

 

-

 

 

 

(10,000

)

 

 

 

 

Outstanding as of December 31, 2010

 

 

521,100

 

 

$

19.99

 

 

 

269,650

 

 

$

22.94

 

 

 

790,750

 

 

 

 

 

Granted

 

 

37,500

 

 

 

63.73

 

 

 

-

 

 

 

-

 

 

 

37,500

 

 

 

(3

)

Vested

 

 

(158,150

)

 

 

20.99

 

 

 

158,150

 

 

 

20.99

 

 

 

-

 

 

 

(4

)

Forfeited

 

 

(52,000

)

 

 

20.18

 

 

 

-

 

 

 

-

 

 

 

(52,000

)

 

 

 

 

Outstanding as of December 31, 2011

 

 

348,450

 

 

$

24.06

 

 

 

427,800

 

 

$

22.14

 

 

 

776,250

 

 

 

 

 

Granted

 

 

329,160

 

 

 

105.74

 

 

 

-

 

 

 

-

 

 

 

329,160

 

 

 

(5

)

Vested

 

 

(143,150

)

 

 

21.48

 

 

 

143,150

 

 

 

21.48

 

 

 

-

 

 

 

(6

)

Forfeited

 

 

(8,500

)

 

 

15.80

 

 

 

-

 

 

 

-

 

 

 

(8,500

)

 

 

 

 

Outstanding as of December 31, 2012

 

 

525,960

 

 

$

76.01

 

 

 

570,950

 

 

$

21.97

 

 

 

1,096,910

 

 

 

 

 

 

(1)

The distribution date of vested restricted stock units is February 22, 2017.

(2)

The distribution date of vested restricted stock units is February 22, 2014 for 60,000 restricted stock units and February 22, 2016 for 89,650 restricted stock units.

(3)

The distribution date of vested restricted stock units is February 22, 2018 for 5,000  restricted stock units and February 18, 2019 for 32,500 restricted stock units.

(4)

The distribution date of vested restricted stock units is February 22, 2014 for 60,000 restricted stock units and February 22, 2016 for 89,650 restricted stock units and February 22, 2017 for 8,500 restricted stock units.

(5)

The distribution date of vested restricted stock units is February 18, 2019 for 3,000 restricted stock units and February 19, 2020 for 16,160 restricted stock units.  For 310,000 restricted stock units, the vested restricted stock units will be distributed in equal installments on December 31, 2022, 2023, 2024, 2025 and 2026.

The distribution date of vested restricted stock units is February 22, 2014 for 60,000 restricted stock units, February 22, 2016 for 76,650 restricted stock units and February 22, 2017 for 6,500 restricted stock units.

Summary Of Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions, except per share data)

 

1992 Plan

 

 

Director Plan

   

   

 

Number of Options

 

 

Weighted Average Exercise Per Share

 

 

Aggregate Intrinsic Value

 

 

Number of Options

 

 

Weighted Average Exercise Per Share

 

 

Aggregate Intrinsic Value

   

Outstanding as of January 1, 2010

 

 

608,564

 

 

$

9.75

 

 

 

 

 

 

100,000

 

 

$

17.25

 

 

 

   

Options exercised

 

 

(300,475

)

 

 

9.66

 

 

$

10.0

 

 

 

-

 

 

 

-

 

 

$

-

   

Options forfeited

 

 

(960

)

 

 

7.45

 

 

 

   

 

 

 

-

 

 

 

-

 

 

 

 

   

Outstanding as of December 31, 2010

 

 

307,129

 

 

$

9.84

 

 

 

   

 

 

 

100,000

 

 

$

17.25

 

 

 

 

   

Options exercised

 

 

(300,024

)

 

 

9.74

 

 

$

15.8

 

 

 

-

 

 

 

-

 

 

$

-

   

Options forfeited

 

 

(1,200

)

 

 

8.48

 

 

 

   

 

 

 

-

 

 

 

-

 

 

 

 

   

Outstanding as of December 31, 2011

 

 

5,905

 

 

$

15.37

 

 

 

   

 

 

 

100,000

 

 

$

17.25

 

 

 

 

   

Options exercised

 

 

(5,905

)

 

 

15.37

 

 

$

0.5

 

 

 

(30,000

)

 

 

17.25

 

 

$

2.5

   

Outstanding as of December 31, 2012

 

 

-

 

 

$

-

 

 

 

   

 

 

 

70,000

 

 

$

17.25

 

 

 

 

   

   

 

 

   

 

 

 

   

 

 

 

   

 

 

 

   

 

 

 

   

 

 

 

 

   

Exercisable as of December 31:

 

 

   

 

 

 

   

 

 

 

   

 

 

 

   

 

 

 

   

 

 

 

 

   

2010

 

 

307,129

 

 

$

9.84

 

 

$

16.3

 

 

 

100,000

 

 

$

17.25

 

 

$

4.6

   

2011

 

 

5,905

 

 

$

15.37

 

 

$

0.4

 

 

 

100,000

 

 

$

17.25

 

 

$

6.5

   

2012

 

 

-

 

 

$

-

 

 

$

-

 

 

 

70,000

 

 

$

17.25

 

 

$

5.9

   

 

Schedule Of Stock Based Compensation Expense

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

For the Years Ended December 31,

 

   

 

2012

 

 

2011

 

 

2010

 

Restricted stock

 

$

3.4 

 

 

$

0.6 

 

 

$

0.9 

 

Restricted stock units

 

 

8.8 

 

 

 

1.3 

 

 

 

3.2 

 

Total

 

$

12.2 

 

 

$

1.9 

 

 

$

4.1 

 

 

Schedule Of Future Share-Based Compensation Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 For the Years Ended December 31,

 

Restricted Stock Units

 

 

Restricted Stock

 

 

Total Projected Expense

 

2013

 

$

8.5 

 

 

$

3.2 

 

 

$

11.7 

 

2014

 

 

5.5 

 

 

 

2.3 

 

 

 

7.8 

 

2015

 

 

4.3 

 

 

 

2.0 

 

 

 

6.3 

 

2016

 

 

3.7 

 

 

 

1.8 

 

 

 

5.5 

 

2017

 

 

2.8 

 

 

 

1.6 

 

 

 

4.4 

 

Thereafter

 

 

4.3 

 

 

 

7.0 

 

 

 

11.3 

 

Total

 

$

29.1 

 

 

$

17.9 

 

 

$

47.0