Annual report pursuant to Section 13 and 15(d)

Treasury and Preferred Stock

v2.4.0.8
Treasury and Preferred Stock
 12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Treasury and Preferred Stock
Note 19 – Treasury and Preferred Stock

Treasury stock activity for the three years ended December 31, 2013, 2012 and 2011, was as follows:
(Shares in thousands)
2013
 
2012
 
2011
Balance at January 1
12,907

 
13,434

 
13,877

Compensation plans and other
(2,778
)
 
(527
)
 
(443
)
Balance at December 31
10,129

 
12,907

 
13,434



The Company experienced an increased level of treasury stock activity during 2013 associated with exercises of stock options and SARs as a result of a 58 percent increase in the Company's stock price. See Note 17 – Stock Plans and Management Compensation for more information. At December 31, 2013, 2012 and 2011, the Company had no preferred stock outstanding (12.5 million shares authorized, $0.75 par value at December 31, 2013, 2012 and 2011).