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Stock-Based Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2015
Postemployment Benefits [Abstract]  
Schedule of Assumptions Used in Black-Scholes Option-Pricing Model

The weighted average assumptions used in the Black-Scholes option-pricing model are as follows:

 

     Six months ended  
     June 30,  
     2015     2014  

Dividend yield

     2.7     2.8

Expected volatility

     42.8     43.0

Risk-free interest rate

     1.4     1.8

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, 2015 and 2014 is as follows:

 

     Six months ended June 30,  
     2015      2014  
            Weighted-Avg.             Weighted-Avg.  
            Grant-Date             Grant-Date  
     Shares      Fair Value      Shares      Fair Value  

Unvested shares, beginning of period

     76       $ 49         75       $ 48   

Granted (1)

     68         60         55         47   

Vested

     (8      54         (1      12   
  

 

 

       

 

 

    

Unvested shares, end of period

     136         54         129         48   
  

 

 

       

 

 

    

 

1) The total value of the restricted share grants for the six months ended June 30, 2015 and 2014 was $4,123 and $2,566, 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, 2015 and 2014 is presented below:

 

     Six months ended June 30,  
     2015      2014  
            Exercise             Exercise  
     Shares      Price      Shares      Price  

Options outstanding, beginning of period

     148       $ 46         539       $ 36   

Granted

     28         60         35         47   

Exercised

     (38      48         (201      34   
  

 

 

       

 

 

    

Options outstanding, end of period (1)

     138         49         373         38   
  

 

 

       

 

 

    

Options exercisable, end of period (1)

     77         45         311         36   
  

 

 

       

 

 

    

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

     135         49         371         38   
  

 

 

       

 

 

    

Weighted average fair value of options granted during the period

   $ 19.49          $ 15.21      
  

 

 

       

 

 

    

 

1) At June 30, 2015, the aggregate intrinsic value of stock options outstanding, exercisable and vested/expected to vest was $935, $725 and $925, respectively. At that same date, the weighted average remaining contractual lives of stock options outstanding, exercisable and vested/expected to vest was 7.0 years, 5.6 years and 7.0 years, respectively.
Schedule of Outstanding Options into Two Ranges, Based on Exercise Prices

At June 30, 2015, the Company segregated its outstanding options into two ranges, based on exercise prices, as follows:

 

Option Ranges

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

$37.04 - $46.93

     80       $ 44         6.3         56       $ 43   

$48.00 - $60.40

     58         55         8.0         21         50   
  

 

 

          

 

 

    

Total

     138         49         7.0         77         45