Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2013

The following table includes summary information for stock options as of December 31, 2013:


	Number of Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (years)
Outstanding at January 1, 2013		1,027,957		$	96.10
Granted		58,207		$	108.24
Exercised		(200,054	)	$	69.81
Terminated		(3,694	)	$	125.33
Outstanding at December 31, 2013		882,416		$	102.74		3.0
Exercisable at December 31, 2013		732,015		$	105.44		2.3

Summary of Information for Incentive Compensation Awards and Restricted Stock Awards

The following table summarizes information for incentive compensation awards and restricted stock awards as of December 31, 2013:


	Incentive Compensation					Restricted Stock
	Number of Awards			Weighted- Average Grant-Date Fair Value		Number of Awards			Weighted- Average Grant-Date Fair Value
January 1, 2013		27,727		$	81.42		238,594		$	81.19
Awarded		12,605		$	99.23		46,376		$	108.24
Distributed		(15,201	)	$	84.47		(86,179	)	$	80.26
Forfeited		--		$	--		(1,742	)	$	86.75
December 31, 2013		25,131		$	88.51		197,049		$	87.91

Schedule of Stock-Based Compensation Expense

The following table summarizes stock-based compensation expense for the years ended December 31, 2013, 2012 and 2011, unrecognized compensation cost for nonvested awards at December 31, 2013 and the weighted-average period over which unrecognized compensation cost is expected to be recognized:


(add 000, except year data)	Stock Options		Restricted Stock		Incentive Compensation		Directors’ Awards		Total
Stock-based compensation expense recognized for years ended December 31:
2013	$	1,734	$	4,377	$	229	$	668	$	7,008
2012	$	1,835	$	4,980	$	237	$	729	$	7,781
2011	$	2,602	$	7,929	$	272	$	719	$	11,522
Unrecognized compensation cost at December 31, 2013:	$	1,853	$	4,878	$	195	$	160	$	7,086
Weighted-average period over which unrecognized compensation cost will be recognized:		2.0 years		1.9 years		1.6 years		—

Expected Stock-Based Compensation Expense in Future Periods for Outstanding Awards

The following presents expected stock-based compensation expense in future periods for outstanding awards as of December 31, 2013:


(add 000)
2014	$	4,129
2015		2,263
2016		653
2017		41
Total	$	7,086