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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Income Tax Benefit Recognized for our Share-Based Compensation Arrangements

Compensation cost charged against income, primarily SG&A expense, and the income tax benefit recognized for our share-based compensation arrangements is included below:

 

     Years Ended December 31,  
     2012      2011      2010  
     (In thousands)  

Total share-based compensation cost

   $ 12,374       $ 11,241       $ 12,177   

Income tax benefit

     4,812         4,372         4,736   
Fair Values for SARs and Stock Options Estimated on Grant Date Using Black-Scholes-Merton Option-Pricing Formula Which Incorporates Assumptions

We recognize compensation cost for all awards based on their fair values. The fair values for SARs and stock options are estimated on the grant date using the Black-Scholes-Merton option-pricing formula which incorporates the assumptions noted in the following table. Expected volatility is based on historical volatility, and expected term is based on historical exercise patterns of option holders. The fair value of restricted stock units is the market price of our common stock on the date of grant. Compensation costs for awards with service conditions are amortized to expense using the straight-line method. Compensation costs for awards with performance conditions are amortized to expense using the graded attribution method.

 

     Years Ended December 31,  
     2012     2011     2010  
     (In thousands, except weighted average
fair value and assumptions)
 

Weighted-average fair value of SARs and options granted

   $ 19.53      $ 17.64      $ 10.47   

Total intrinsic value of SARs converted and options exercised

     2,452        3,801        2,947   

Cash received for options exercised

     2,372        4,599        3,158   

Tax benefit (deficiency) related to share-based compensation

     4,119        1,790        (110

Weighted-average fair value of restricted stock shares and units granted

     35.85        35.91        22.34   

Total fair value of restricted stock shares and units vested

     9,017        4,370        7,611   

Expected volatility

     54.26     52.00     50.89

Expected term (in years)

     6.1        6.1        6.1   

Risk-free rate

     1.11     2.49     2.89

Dividend yield

     0.50     0.56     0.91
Fair Value of Restricted Stock Shares and Units is Market Price of our Common Stock on Date of Grant
     SARs and Stock Options      Restricted Shares and Units  
     Number     Weighted-
Average
Exercise
Price
     Weighted-
Average
Remaining
Contractual
Term
     Aggregate
Intrinsic
Value
     Number     Weighted-
Average
Grant-Date
Fair Value
 
     (In thousands, except exercise prices, fair values, and contractual terms)  

Outstanding at January 1, 2012

     3,124      $ 27.37               582      $ 23.11   

Granted

     609        39.77               92        35.85   

Exercised or converted

     (430     18.12               (239     37.92   

Forfeited or expired

     (164     39.56               (49     25.44   
  

 

 

   

 

 

          

 

 

   

 

 

 

Outstanding at December 31, 2012

     3,139      $ 30.40         6.2       $ 45,795         386      $ 26.67   
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

Vested or expected to vest at December 31, 2012

     3,045      $ 30.34         6.1       $ 44,618        

Exercisable or convertible at December 31, 2012

     1,872        26.74         5.0         34,159