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Stock-Based Compensation Plans (Tables)
9 Months Ended
Sep. 30, 2012
Schedule Of Assumptions Used In 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:

 

     Nine months ended
September 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 nine months ended September 30, 2012 and 2011 is as follows:

 

     Nine months ended September 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          (8 )       24  
    

 

 

          

 

 

     

Unvested shares, end of period

       129         35          162         24  
    

 

 

          

 

 

     

 

(1)

The total value of the restricted share grants for the nine months ended September 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 nine months ended September 30, 2012 and 2011, is presented below:

 

     Nine months ended September 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

       (776 )       30          (545 )       29  

Expired

                        (10 )       39  
    

 

 

          

 

 

     

Options outstanding, end of period (1)

       754         34          1,538         31  
    

 

 

          

 

 

     

Options exercisable, end of period (1)

       686         34          1,384         33  
    

 

 

          

 

 

     

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

       751         34          1,530         31  
    

 

 

          

 

 

     

Weighted average fair value of options granted during the period

     $ 15.18            $ 13.18      
    

 

 

          

 

 

     

 

(1)

At September 30, 2012, the aggregate intrinsic value of stock options outstanding, exercisable and vested/expected to vest was $10,824, $9,880 and $10,772, respectively. At that same date, the weighted average remaining contractual lives of stock options outstanding, exercisable and vested/expected to vest was 4.0 years, 3.6 years and 4.0 years, respectively.

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

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

 

Option Ranges

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

$12.22 - $32.53

       380        $     24          3.7          358        $     24  

$34.90 - $48.00

       374          43          4.4          328          43  
    

 

 

                

 

 

      

 

 

 

Total

       754          34          4.0          686          34