Annual report pursuant to Section 13 and 15(d)

Stock Based Compensation (Tables)

v2.4.0.6
Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Share-based Compensation [Abstract]  
Schedule Of Stock-Based Compensation Expense
Total compensation expense recognized in the consolidated financial statements for the three years ended December 31, 2012 for all share based awards, was as follows (in thousands):
 
Year Ended December 31,
 
2012
 
2011
 
2010
Stock-based compensation expense
$
5,856

 
$
5,597

 
$
5,852

Schedule of Restricted Share Awards [Table Text Block]
Restricted Share Awards
The activity for the three years ended December 31, 2012 related to our restricted share awards, excluding those subject to market conditions, was as follows:
 
Year Ended December 31,
 
2012
 
2011
 
2010
 
Shares
 
Wtd Avg Grant Fair Value
 
Shares
 
Wtd Avg Grant Fair Value
 
Shares
 
Wtd Avg Grant Fair Value
Vested at January 1
652,803

 
$
30.06

 
490,832

 
$
30.20

 
423,145

 
$
30.24

Unvested at January 1
331,003

 
28.39

 
193,339

 
27.71

 
160,276

 
28.13

Granted
36,884

 
26.40

 
303,168

 
29.48

 
101,870

 
28.37

Vested during year
(211,485
)
 
28.39

 
(161,971
)
 
29.80

 
(67,687
)
 
30.01

Forfeited
(6,599
)
 
27.61

 
(3,533
)
 
28.10

 
(1,120
)
 
28.45

Unvested at December 31
149,803

 
27.37

 
331,003

 
28.39

 
193,339

 
27.71

Vested at December 31
864,288

 
29.65

 
652,803

 
30.06

 
490,832

 
30.20

Fair Value of Share Grants Vested
The total fair value of share grants vested for the years ended December 31, 2012, 2011 and 2010 was $5.6 million, $4.9 million and $2.1 million, respectively.
Performance Share Units with Market Conditions [Table Text Block]
Stock based awards with market conditions under the LTIP were granted in February 2011 with fair market values, as determined using a Monte Carlo simulation, as follows (in thousands):
 
Grant Date Fair Value
 
Restricted
 
Unrestricted
Relative TSR
$
1,066

 
$
1,066

Absolute TSR
365

 
365

Schedule Of Unamortized Value Of Awards With Market Conditions [Table Text Block]
The unamortized value of these awards with market conditions as of December 31, 2012 and 2011 was as follows (in thousands):
 
December 31,
 
2012
 
2011
 
Restricted
 
Unrestricted
 
Restricted
 
Unrestricted
Relative TSR
$
501

 
$
338

 
$
742

 
$
826

Absolute TSR
172

 
116

 
254

 
283

Schedule of Share-based Compensation, Stock Options, Activity
The previously issued and currently outstanding and exercisable stock options for the three years ended December 31, 2012 was as follows:
 
Year Ended December 31,
 
2012
 
2011
 
2010
 
Shares
 
Wtd Avg
Ex Price
 
Shares
 
Wtd Avg
Ex Price
 
Shares
 
Wtd Avg
Ex Price
Outstanding at January 1
89,106

 
$
27.69

 
145,950

 
$
26.74

 
314,250

 
$
25.39

Granted

 

 

 

 

 

Exercised
(44,987
)
 
25.61

 
(51,081
)
 
25.29

 
(164,300
)
 
24.11

Expired/Forfeited
(6,000
)
 
25.61

 
(5,763
)
 
24.85

 
(4,000
)
 
28.23

Outstanding at December 31
38,119

 
30.48

 
89,106

 
27.69

 
145,950

 
26.74

Exercisable at December 31
38,119

 
30.48

 
89,106

 
27.69

 
145,950

 
26.74