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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Activity for Stock Options Granted

The following table summarizes the activity for stock options granted by the Company:

 

     Shares     Weighted-Average
Exercise Price
Per Share
     Weighted-Average
Remaining
Contractual Term
(in years)
     Aggregate
Intrinsic
Value
(in $000s)
 

Outstanding at January 1, 2011

     561,423      $ 14.57         8.38       $ 2,588   

Granted

     735,886        17.61         

Exercised

     (14,136     12.69          $ 100   

Forfeited or expired

     (57     10.14         
  

 

 

   

 

 

       

Outstanding at December 31, 2011

     1,283,116        16.34         8.51       $ 6,042   

Granted

     800,820        20.56         

Exercised

     (87,598     14.13          $ 1,410   

Forfeited or expired

     (40,539     28.33         
  

 

 

   

 

 

       

Outstanding at December 31, 2012

     1,955,799        17.92         7.02       $ 49,458   

Granted

     1,050,904        33.79         

Exercised

     (166,711     17.39          $ 3,561   

Forfeited or expired

     (113,439     31.33         
  

 

 

   

 

 

       

Outstanding at December 31, 2013

     2,726,553      $ 23.51         7.22       $ 32,785   
  

 

 

   

 

 

       

Exercisable at December 31, 2013

     949,998      $ 17.02         6.29       $ 17,790   
Summary of Weighted-Average Assumptions

The fair value of each stock option award was estimated at the grant date using the Black-Scholes option-pricing model. The weighted-average assumptions the Company used to value these awards are shown below.

 

     For the Years Ended December 31,  
         2013             2012             2011      

Risk-free interest rate

     0.75     0.73     1.91

Dividend yield

     0.00     0.05     0.22

Expected life (years)

     5.00        4.50        5.00   

Volatility

     51.45     52.66     52.28

Forfeiture rate

     3.14     1.40     0.00
Summary of Activity for Non-Vested Awards Granted

The following table summarizes the activity for non-vested awards granted by the Company:

 

     Shares     Weighted-Average
Grant-Date Fair
Value Per Share
     Weighted-Average
Contractual Term
(in years)
     Aggregate
Intrinsic
Value
(in 000s)
 

Outstanding at January 1, 2011

     1,102,396      $ 9.87         7.86       $ 19,777   

Granted

     708,000      $ 24.93         

Vested and settled

     (43,436         $ 900   
  

 

 

         

Outstanding at December 31, 2011

     1,766,960      $ 15.84         5.65       $ 36,240   

Granted

     110,783      $ 20.72         

Vested and settled

     (969,815         $ 20,189   

Forfeited

     (92,000   $ 24.93         
  

 

 

         

Outstanding at December 31, 2012

     815,928      $ 22.32         3.09       $ 35,101   

Granted

     36,576      $ 35.79         

Vested and settled

     (522,762   $ 21.16          $ 20,922   

Forfeited

     (21,316   $ 25.73         
  

 

 

         

Outstanding at December 31, 2013

     308,426      $ 25.65         1.90       $ 10,906