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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2014
Share-Based Compensation.  
Schedule of restricted stock units activity
 

 

 

Three Month Periods Ended March 31,

 

 

 

2014

 

2013

 

 

 

RSUs
Outstanding

 

Unamortized
Grant Date
Fair Value

 

RSUs
Outstanding

 

Unamortized 
Grant Date
Fair Value

 

Beginning of period

 

1,448,374

 

$

12.2

 

1,327,041

 

$

10.3

 

Fixed RSUs Awarded

 

20,000

 

0.5

 

 

 

Variable RSUs projected to be awarded for the 2014-2017 cycle

 

494,340

 

13.5

 

 

 

Variable RSUs projected to be awarded for the 2013-2016 cycle

 

 

 

498,954

 

10.7

 

Change in Variable RSUs projected for the 2013-2016 cycle

 

(17,263

)

(0.3

)

 

 

 

RSU payments

 

(300,400

)

 

(329,653

)

 

RSU forfeitures

 

(55,541

)

(1.0

)

(10,037

)

 

RSU expense recognized

 

 

(3.0

)

 

(3.3

)

End of period

 

1,589,510

 

$

21.9

 

1,486,305

 

$

17.7

 

Schedule of restricted stock units outstanding and the unamortized grant date fair value for each award cycle
 

Award Date and Cycle

 

RSUs
Outstanding

 

Unamortized
Grant Date
Fair Value

 

Four-year RSU awards granted in 2010

 

1,250

 

$

 

Three-year RSU awards granted in 2011

 

10,000

 

 

Five-year RSU awards granted in 2011

 

14,000

 

0.1

 

Three-year RSU awards granted in 2012

 

4,000

 

 

Four-year RSU awards granted in 2012

 

444,212

 

2.6

 

Five-year RSU awards granted in 2012

 

6,800

 

0.1

 

One-year RSU awards granted in 2013

 

16,000

 

0.1

 

Three-year RSU awards granted in 2013

 

12,000

 

0.2

 

Four-year RSU awards granted in 2013

 

566,908

 

6.6

 

One-year RSU awards granted in 2014

 

5,000

 

0.1

 

Three-year RSU awards granted in 2014

 

11,000

 

0.3

 

Four-year RSU awards granted in 2014 (those awards in their Initial Award Period)

 

494,340

 

11.7

 

Five-year RSU awards granted in 2014

 

4,000

 

0.1

 

Total RSUs outstanding at March 31, 2014

 

1,589,510

 

$

21.9