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Stock-Based Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2012
Schedule Of Assumptions Used In the Black-Scholes Option-Pricing Model

Compensation costs for stock options have been estimated on the grant date using the Black-Scholes option-pricing method. The weighted average assumptions used in the Black-Scholes option-pricing model are as follows:

 

     Six months ended
June  30,
               2012                        2011           

Dividend yield

   2.0%   2.2%

Expected volatility

   43.3%   42.4%

Risk-free interest rate

   1.1%   2.7%

Expected option term (years)

   6.0 years   6.0 years
Summary Of Activity Related To Company's Restricted Stock

A summary of the activity related to the Company’s restricted stock for the six months ended June 30, 2012 and 2011 is as follows:

 

     Six months ended June 30,
     2012    2011
             Shares                   Weighted-Avg.         
Grant-Date

Fair Value
           Shares                   Weighted-Avg.         
Grant-Date

Fair Value

Unvested share, beginning of period

       84       $     29          129       $     19  

Granted (1)

       50         44          41         37  

Vested

       (5 )       30          (1 )       15  
    

 

 

          

 

 

     

Unvested shares, end of period

       129         35          169         24  
    

 

 

          

 

 

     

 

(1)

The total value of the restricted share grants for the six months ended June 30, 2012 and 2011 was $2,184 and $1,532, respectively.

Summary Of Stock Option Activity Under All Plans

A summary of stock option activity under all plans for the six months ended June 30, 2012 and 2011, is presented below:

 

     Six months ended June 30,
     2012    2011
             Shares                   Exercise        
Price
           Shares                   Exercise        
Price

Options outstanding, beginning of period

           1,501       $     31          2,068       $     31  

Granted

       29         44          25         37  

Exercised

       (622 )       29          (466 )       29  

Expired

               0          (10 )       38  
    

 

 

          

 

 

     

Options outstanding, end of period (1)

       908         33          1,617         31  
    

 

 

          

 

 

     

Options exercisable, end of period (1)

       840         33          1,464         33  
    

 

 

          

 

 

     

Options vested and expected to vest, end of period (1)

       905         33          1,610         31  
    

 

 

          

 

 

     

Weighted average fair value of options granted during the period

     $ 15.18            $ 13.18      
    

 

 

          

 

 

     

 

(1)

At June 30, 2012, the aggregate intrinsic value of stock options outstanding, exercisable and vested/expected to vest was $14,303, $13,292 and $14,248, respectively. At that same date, the weighted average remaining contractual lives of stock options outstanding, exercisable and vested/expected to vest was 3.7 years, 3.3 years and 3.7 years, respectively.

Schedule Of Outstanding Options Into Two Ranges, Based On Exercise Prices

At June 30, 2012, the Company segregated its outstanding options into two ranges, based on exercise prices, as follows:

 

Option Ranges

   Options Outsanding    Options Exercisable
             Shares                Weighted Avg.    
Exercise Price
       Weighted Avg.    
Life (Years)
       Shares            Weighted Avg.    
Exercise Price

$12.22 - $32.53

       499        $     25          3.2          477        $     25  

$34.90 - $48.00

       409          44          4.3          363          44  
    

 

 

                

 

 

      

 

 

 

Total

       908          33          3.7          840          33