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STOCK-BASED COMPENSATION PLANS: (Tables)
12 Months Ended
Dec. 31, 2013
STOCK-BASED COMPENSATION PLANS:  
Schedule of changes in outstanding stock options

 

 

 

 

Options

 

Weighted-Average
Exercise Price

 

Exercisable

 

Weighted-Average
Exercise Price

 

Outstanding at December 31, 2012

 

129,500

 

$

11.73

 

129,500

 

$

11.73

 

2013 Activity:

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

Exercised

 

(100,000

)

11.86

 

 

 

Cancelled

 

(17,000

)

11.71

 

 

 

Outstanding at December 31, 2013

 

12,500

 

10.75

 

12,500

 

10.75

 

Schedule of changes in unvested restricted stock

 

 

 

 

RSAs

 

Weighted-Average
Price

 

Unvested shares at December 31, 2012

 

158,500

 

$

11.79

 

2013 Activity:

 

 

 

 

 

Granted

 

314,000

 

14.19

 

Vested

 

(102,500

)

11.84

 

Forfeited

 

 

 

Unvested shares at December 31, 2013

 

370,000

 

13.81

 

Schedule of assumptions used to estimate the value of stock options under ESPP

 

 

 

 

2013

 

2012

 

2011

 

Risk-free interest rate

 

0.1%

 

0.1%

 

0.4%

 

Expected life

 

3 months

 

3 months

 

3 months

 

Expected volatility

 

37%-60%

 

38%-53%

 

38%-67%

 

Weighted average volatility

 

44%

 

44%

 

51%

 

Annual dividend yield

 

1.8%-4.7%

 

4.3%-6.7%

 

3.8%-6.6%

 

Weighted average dividend yield

 

4.2%

 

5.2%

 

5.4%

 

Schedule of assumptions used to estimate the value of SARs

 

 

 

 

2013

 

2012

 

2011

 

Risk-free interest rate

 

0.9%

 

0.9%

 

3.6%

 

Expected life

 

5 years

 

5 years

 

10 years

 

Expected volatility

 

73%

 

73%

 

68%

 

Annual dividend yield

 

4.3%

 

5.2%

 

2.3%

 

Summary of the changes in SARS

 

 

 

 

SARs

 

Weighted-Average Price

 

Outstanding at December 31, 2012

 

900,000

 

$

12.72

 

2013 Activity:

 

 

 

 

 

Granted

 

500,000

 

14.21

 

Exercised

 

 

 

Outstanding SARs at December 31, 2013

 

1,400,000

 

13.25