XML 35 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
STOCK-BASED COMPENSATION PLAN (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]        
Number of shares in the aggregate that may be issued under the 1997 Stock-Based Compensation Plan 2,000,000   2,000,000  
Number of options granted     0 0
Fair value per share (in dollars per share) $ 50.780   $ 50.780  
Cost $ 757,000 $ 752,000 $ 1,521,000 $ 1,402,000
Capitalized (63,000) (58,000) (126,000) (115,000)
Net expense 694,000 694,000 1,395,000 1,287,000
Unrecognized compensation cost of awards granted under the plan 4,000,000   4,000,000  
Weighted average period over which unrecognized compensation cost is to be recognized (in years)     1 year 10 months 24 days  
Additional disclosures [Abstract]        
Weighted average fair value nonvested shares-beginning balance (in dollars per share)     $ 51.292  
Weighted average fair value nonvested shares-granted during the period (in dollars per share)     $ 48.488  
Weighted average fair value nonvested shares-cancelled/forfeited during the period (in dollars per share)     $ 50.302  
Weighted average fair value nonvested shares-vested during the period (in dollars per share)     $ 45.809  
Weighted average fair value nonvested shares-ending balance (in dollars per share) $ 50.780   $ 50.780  
Officers and Key Employees [Member]
       
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]        
Number of shares granted     56,464 40,955
Vesting period of shares (in years)     3 years  
The range of the actual amount of shares that ultimately vest of the original share units granted (in hundredths)     0% to 150%  
Shares outstanding (in shares) 135,775   135,775  
Cost 566,000 524,000 1,139,000 1,048,000
Restricted stock award activity, excluding accrued dividend equivalents [Roll Forward]        
Nonvested shares outstanding, beginning balance (in shares)     81,005  
Granted (in shares)     56,464 40,955
Cancelled/Forfeited (in shares)     (1,694)  
Vested (in shares)     0  
Nonvested shares outstanding, ending balance (in shares) 135,775   135,775  
Additional disclosures [Abstract]        
Number of shares awarded during the period     66,077 33,322
Market value of shares awarded     3,300,000 1,900,000
Officers and Key Employees [Member] | Grant Date January 2011 - TSR [Member]
       
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]        
Shares outstanding (in shares) 40,069   40,069  
Fair value per share (in dollars per share) $ 50.940   $ 50.940  
Expected volatility (in hundredths)     27.50%  
Risk-free interest rate (in hundredths)     1.01%  
Restricted stock award activity, excluding accrued dividend equivalents [Roll Forward]        
Nonvested shares outstanding, ending balance (in shares) 40,069   40,069  
Additional disclosures [Abstract]        
Weighted average fair value nonvested shares-ending balance (in dollars per share) $ 50.940   $ 50.940  
Officers and Key Employees [Member] | Grant Date January 2012 - TSR [Member]
       
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]        
Shares outstanding (in shares) 20,090   20,090  
Fair value per share (in dollars per share) $ 51.230   $ 51.230  
Expected volatility (in hundredths)     22.50%  
Risk-free interest rate (in hundredths)     0.43%  
Restricted stock award activity, excluding accrued dividend equivalents [Roll Forward]        
Nonvested shares outstanding, ending balance (in shares) 20,090   20,090  
Additional disclosures [Abstract]        
Weighted average fair value nonvested shares-ending balance (in dollars per share) $ 51.230   $ 51.230  
Officers and Key Employees [Member] | Grant Date January 2012 - EPS [Member]
       
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]        
Shares outstanding (in shares) 20,090   20,090  
Fair value per share (in dollars per share) $ 56.930   $ 56.930  
Restricted stock award activity, excluding accrued dividend equivalents [Roll Forward]        
Nonvested shares outstanding, ending balance (in shares) 20,090   20,090  
Additional disclosures [Abstract]        
Weighted average fair value nonvested shares-ending balance (in dollars per share) $ 56.930   $ 56.930  
Officers and Key Employees [Member] | Grant Date January 2013 - TSR [Member]
       
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]        
Shares outstanding (in shares) 27,763   27,763  
Fair value per share (in dollars per share) $ 44.380   $ 44.380  
Expected volatility (in hundredths)     21.10%  
Risk-free interest rate (in hundredths)     0.40%  
Restricted stock award activity, excluding accrued dividend equivalents [Roll Forward]        
Nonvested shares outstanding, ending balance (in shares) 27,763   27,763  
Additional disclosures [Abstract]        
Weighted average fair value nonvested shares-ending balance (in dollars per share) $ 44.380   $ 44.380  
Officers and Key Employees [Member] | Grant Date January 2013 - EPS [Member]
       
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]        
Shares outstanding (in shares) 27,763   27,763  
Fair value per share (in dollars per share) $ 51.180   $ 51.180  
Restricted stock award activity, excluding accrued dividend equivalents [Roll Forward]        
Nonvested shares outstanding, ending balance (in shares) 27,763   27,763  
Additional disclosures [Abstract]        
Weighted average fair value nonvested shares-ending balance (in dollars per share) $ 51.180   $ 51.180  
Directors [Member]
       
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]        
Number of shares granted     12,285 9,904
Vesting period of shares (in years)     3 years  
Shares Vested, Directors (in hundredths) 100.00%   100.00%  
Shares outstanding (in shares) 19,617   19,617  
Cost 191,000 228,000 382,000 354,000
Restricted stock award activity, excluding accrued dividend equivalents [Roll Forward]        
Nonvested shares outstanding, beginning balance (in shares)     27,688  
Granted (in shares)     12,285 9,904
Cancelled/Forfeited (in shares)     0  
Vested (in shares)     (20,356)  
Nonvested shares outstanding, ending balance (in shares) 19,617   19,617  
Additional disclosures [Abstract]        
Market value of shares awarded     $ 600,000 $ 600,000
Directors [Member] | Grant Date January 2011 [Member]
       
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]        
Shares outstanding (in shares) 7,332   7,332  
Fair value per share (in dollars per share) $ 52.940   $ 52.940  
Expected volatility (in hundredths)     0.00%  
Risk-free interest rate (in hundredths)     0.00%  
Restricted stock award activity, excluding accrued dividend equivalents [Roll Forward]        
Nonvested shares outstanding, ending balance (in shares) 7,332   7,332  
Additional disclosures [Abstract]        
Weighted average fair value nonvested shares-ending balance (in dollars per share) $ 52.940   $ 52.940  
Directors [Member] | Grant Date January 2013 [Member]
       
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]        
Shares outstanding (in shares) 12,285   12,285  
Fair value per share (in dollars per share) $ 51.740   $ 51.740  
Expected volatility (in hundredths)     0.00%  
Risk-free interest rate (in hundredths)     0.00%  
Restricted stock award activity, excluding accrued dividend equivalents [Roll Forward]        
Nonvested shares outstanding, ending balance (in shares) 12,285   12,285  
Additional disclosures [Abstract]        
Weighted average fair value nonvested shares-ending balance (in dollars per share) $ 51.740   $ 51.740  
Minimum [Member] | Officers and Key Employees [Member]
       
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]        
Percentage of actual amount of shares that ultimately vest of original share units granted     0.00%  
Maximum [Member] | Officers and Key Employees [Member]
       
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]        
Percentage of actual amount of shares that ultimately vest of original share units granted     150.00%  
Stock Appreciation Rights (SARs) [Member]
       
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]        
Number of shares granted     0 0
Restricted stock award activity, excluding accrued dividend equivalents [Roll Forward]        
Granted (in shares)     0 0