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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2014
STOCK-BASED COMPENSATION  
Summary of stock options activity

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

Average

 

Aggregate

 

 

 

 

 

Average

 

Remaining

 

Intrinsic

 

 

 

 

 

Exercise

 

Contractual

 

Value

 

 

 

Shares

 

Price

 

Term

 

(In thousands)

 

Outstanding at beginning of period

 

406,731

 

$

26.72

 

 

 

 

 

Granted

 

 

 

 

 

 

 

Exercised

 

(15,312

)

21.09

 

 

 

 

 

Expired

 

(130,514

)

38.76

 

 

 

 

 

Outstanding at end of period

 

260,905

 

$

21.03

 

0.40 years

 

$

3,383

 

Vested or expected to vest at end of period

 

260,905

 

$

21.03

 

0.40 years

 

$

3,383

 

Exercisable at end of period

 

260,905

 

$

21.03

 

0.40 years

 

$

3,383

 

 

All outstanding stock options were vested prior to December 31, 2013.

Schedule of stock option grants, intrinsic value of options exercised, and total fair value of shares vested

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

Weighted average grant date fair value of stock options granted during the period

 

N/A

 

N/A

 

N/A

 

N/A

 

Total intrinsic value of options exercised (in thousands)

 

$

28

 

$

388

 

$

222

 

$

812

 

Total fair value of options vested (in thousands)

 

N/A

 

N/A

 

N/A

 

$

363

 

Schedule of share-based compensation, time-based and performance-based restricted stock awards activity

 

 

 

September 30, 2014

 

 

 

Restricted Stock Awards

 

 

 

Time-Based

 

Performance-Based

 

 

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

Average

 

 

 

Shares

 

Price

 

Shares

 

Price

 

Outstanding at beginning of period

 

438,508

 

$

17.79

 

956,707

 

$

23.74

 

Granted

 

29,114

 

33.32

 

603,697

 

36.85

 

Vested

 

(170,199

)

12.10

 

(340,866

)

23.52

 

Forfeited

 

(24,216

)

20.28

 

(45,820

)

29.19

 

Outstanding at end of period

 

273,207

 

$

22.77

 

1,173,718

 

$

30.33