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Stock Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Securities To Be Issued and Remaining Available For Future Issuance
The following table summarizes the number of securities to be issued and remaining available for future issuance under all of the Company’s stock incentive plans as of December 31, 2014:
 
Number of securities to be issued upon exercise of outstanding options and vesting of RSUs
 
Weighted-average exercise price of outstanding options and vesting of RSUs
 
Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column 1)
2004 Long-Term Incentive Plan
 
 
 
 
 
-Options
2,252

 
$
9.60

 

2005 Long-Term Incentive Plan
 
 
 
 
 
-RSUs
6,106

 
$
0.01

 

2007 Long-Term Incentive Plan(1)
42,312

 
$
10.28

 

2010 Long-Term Incentive Plan(1)
347,414

 
$
0.72

 
1,412,522

______________________________________________
(1)
Includes non-qualified stock options, RSUs and performance shares.
Schedule of Share-based Compensation, Activity
The following table summarizes the activity for all stock options, RSUs and performance shares under all of the Long-Term Incentive Plans (“LTIPs”) for the year ended December 31, 2014:
 
 
 
 
December 31, 2013
 
Activity during 2014
 
December 31, 2014
 
 
 
 
Outstanding
 
Granted
 
Vested / Exercised
 
Canceled
 
Outstanding
 
Exercisable
Plans
 
Securities
 
Number
 
Price
 
Number
 
Price
 
Number
 
Price
 
Number
 
Price
 
Number
 
Price
 
Number
 
Price
2004 LTIP
 
Options
 
8,752

 
$
15.85

 

 
$

 
(6,500
)
 
$
18.02

 

 
$

 
2,252

 
$
9.60

 
2,252

 
$
9.60

2005 LTIP
 
RSUs
 
6,106

 
0.01

 

 

 

 

 

 

 
6,106

 
0.01

 
6,106

 
0.01

2007 LTIP
 
RSUs
 
812

 
0.01

 

 

 

 

 

 

 
812

 
0.01

 
812

 
0.01

 
 
Options
 
193,104

 
12.37

 

 

 
(151,604
)
 
12.88

 

 

 
41,500

 
10.48

 
41,500

 
10.48

2010 LTIP
 
RSUs
 
224,350

 
0.01

 
96,572

(1) 
0.01

 
(126,770
)
 
0.01

 
(1,534
)
 
0.01

 
192,618

 
0.01

 

 

 
 
Options
 
15,000

 
16.39

 

 

 

 

 

 

 
15,000

 
16.39

 
15,000

 
16.39

 
 
Performance shares
 
23,716

 
0.01

 
138,794

(2) 
0.01

 
(22,714
)
 
0.01

 

 

 
139,796

 
0.01

 

 

Total
 
 
 
471,840

 
 
 
235,366

 
 
 
(307,588
)
 
 
 
(1,534
)
 
 
 
398,084

 
 
 
65,670

 
 
______________________________________________
 Note: Price is weighted-average price per share.
(1)
Consists of non-performance RSUs.
(2)
In February 2014, the Company awarded a maximum of 138,794 performance shares that would have been received if the highest level of performance was achieved. Subsequent to December 31, 2014, 116,800 performance shares were determined to be earned based upon achievement of 2014 performance criteria.
 
Year Ended December 31,
 
2014
 
2013
 
2012
Weighted-average fair value per share of grants:
 
 
 
 
 
RSUs
$
37.14

 
$
49.39

 
$
39.98

Performance shares (1)
$
36.80

 
N/A

 
$
39.59


______________________________________________
(1)
Performance shares awarded in 2013 were ultimately canceled as the Company did not achieve the related performance targets for 2013.
Schedule of Stock Options, Restricted Stock Units and Performance Shares Vested and Expected to Vest
The following table summarizes stock options, RSUs and performance shares that have vested and are expected to vest as of December 31, 2014:
 
 
 
December 31, 2014
 
 
 
Outstanding
 
Weighted-Average Remaining Contractual Term (years)
 
Aggregate Intrinsic Value(1)
(dollars in thousands)
Plans
Securities
 
Vested
 
Expected to vest(2)
 
Vested
 
Expected to vest(2)
 
Vested
 
Expected to vest(2)
2004 LTIP
Options
 
2,252

 

 
1.1

 

 
$
118

 
$

2005 LTIP
RSUs
 
6,106

 

 

 

 
378

 

2007 LTIP
RSUs
 
812

 

 

 

 
50

 

 
Options
 
41,500

 

 
1.3

 

 
2,135

 

2010 LTIP
RSUs
 

 
192,618

 

 

 

 
11,927

 
Performance shares
 

 
117,802

 

 

 

 
7,294

 
Options
 
15,000

 

 
3.8

 

 
683

 

Total
 
 
65,670

 
310,420

 
 
 
 
 
$
3,364

 
$
19,221

______________________________________________
(1)
Aggregate intrinsic value is calculated based upon the difference between the exercise price of options or RSUs and the Company’s closing common stock price on December 31, 2014 of $61.93, multiplied by the number of instruments that are vested or expected to vest. Options and RSUs having exercise prices greater than the closing stock price noted above are excluded from this calculation.
(2)
Options, RSUs and performance shares that are expected to vest are net of estimated future forfeitures.