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Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Fair Value Assumptions for Stock Options

The risk-free rate is the U.S. Treasury note rate that corresponds to the expected option term at the date of grant.

 

     For the Years Ended December 31
    

2013

  

2012

  

2011

Expected dividend yield

   2.01%    2.10%    2.40%

Expected volatility

   42.48%    43.19%    43.60%

Expected term

   7.4 years    7.4 years    6.5 years

Risk-free interest rate

   1.53%    1.41%    2.91%

Summary of Stock Option Activity

A summary of stock option activity for the year ended December 31, 2013 is presented below:

 

     Shares     Weighted-
Average
Exercise Price
     Weighted-
Average
Remaining
Contractual
Term
    

Aggregate
Intrinsic Value

($000)

 

Options

          

Outstanding at January 1, 2013

     684,110      $ 24.15         

Granted

     54,274        62.78         

Exercised

     (227,410     17.89         

Forfeited

     (5,862     51.26         
  

 

 

         

Outstanding at December 31, 2013

     505,112        30.80         5.74       $ 17,593   
  

 

 

         

Vested or expected to vest at December 31, 2013

     504,620        30.77         4.79         17,592   
  

 

 

         

Exercisable at December 31, 2013

     392,000        24.69         3.68         16,046   
  

 

 

         

Summary of Stock Award Activity

A summary of stock award activity for the year ended December 31, 2013, is presented below:

 

    

Shares

   

Weighted-Average Grant Date

Fair Value

 

Unvested Stock Awards

    

Unvested at January 1, 2013

     242,856      $ 37.83   

Granted

     101,924        60.75   

Vested

              

Forfeited

     (123,690     37.19   
  

 

 

   

Unvested at December 31, 2013

     221,090        48.75   
  

 

 

   

Summary of SARs Activity

A summary of SARs activity for the year ended December 31, 2013 is presented below.

 


     Shares      Weighted-
Average
Exercise Price
     Weighted-
Average
Remaining
Contractual
Term
     Aggregate
Intrinsic Value
($000)
 

SARs

           

Outstanding at January 1, 2012

     64,700       $ 42.82         

Granted

     92,735         62.92         

Forfeited

     (9,124)         55.50         
  

 

 

          

Outstanding at December 31, 2013

     148,311         54.60         8.74         1,635