Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of stock-based compensation awards

The Company made the following stock-based compensation awards:



Stock-Based Compensation	Three Months Ended March 31,
(Amounts in thousands)	2014		2013
SARs granted (number of shares)	749		645
RSUs granted (number of shares)	150		131
Aggregate fair value at time of grant; SARs	$	4,346	$	4,231
Aggregate fair value at time of grant; RSUs	$	1,862	$	1,831

Assumptions used to estimate fair value of SARs issued

The following assumptions were used to estimate the fair value of SARs in the three months ended March 31, 2014 and 2013:



Assumptions Used for SARs	2014	2013
Estimated average life	6 years	6 years
Risk-free interest rate	1.9%	1.1%
Expected and weighted average volatility	46.8%	49.6%
Dividend yield	0.0%	0.0%
Estimated forfeiture rate	4.29%	2.67%
Weighted average exercise price	$12.44	$13.81
Weighted average grant date fair value	$5.80	$6.56

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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