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Stock-Based Compensation
 12 Months Ended
Dec. 31, 2015
Stock-Based Compensation [Abstract]  
Stock-Based Compensation
13.       Stock-Based Compensation

The following table sets forth information about the Company's restricted stock awards (excluding restricted stock units) (share amounts in thousands):
 
 
 
Number of Shares
  
Weighted
Average
Grant Date Fair Value
 
Outstanding on January 1, 2013
  
3,952
  
$
16.67
 
Granted
  
1,328
  
$
26.98
 
Vested
  
(1,455
)
 
$
15.08
 
Cancelled/forfeited
  
(452
)
 
$
18.87
 
Outstanding on December 31, 2013
  
3,373
  
$
21.12
 
Granted
  
1,662
  
$
29.79
 
Vested
  
(1,185
)
 
$
19.58
 
Cancelled/forfeited
  
(298
)
 
$
21.02
 
Outstanding on December 31, 2014
  
3,552
  
$
25.70
 
Granted
  
1,698
  
$
32.75
 
Vested
  
(1,275
)
 
$
23.55
 
Cancelled/forfeited
  
(521
)
 
$
18.68
 
Outstanding on December 31, 2015
  
3,454
  
$
28.80
 

As of December 31, 2015, there was $63.8 million of total unrecognized compensation cost related to nonvested share-based compensation awards granted.  That cost is expected to be recognized over a weighted-average period of 2.3 years and is based on grant date fair value, net of forfeiture estimates. The compensation cost reflects an initial estimated cumulative forfeiture rate from 0% to 20% over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of awards expected to vest is likely to differ from previous estimates.

During 2015, grants of restricted shares under the Company's 2014 Omnibus Incentive Plan were as follows (amounts in thousands except for value per share):
 
 
 
Shares Granted
  
Value Per Share
  
Total Value
 
Three months ended March 31, 2015
  
1,335
  
$
34.57 - $34.89
  
$
46,142
 
Three months ended June 30, 2015
  
70
  
$
36.12
  
$
2,540
 
Three months ended September 30, 2015
  
49
  
$
33.02
  
$
1,611
 
Three months ended December 31, 2015
  
244
  
$
21.82
  
$
5,327
 

The Company has an employee stock purchase plan for all eligible employees. Under the plan, eligible employees of the Company can purchase shares of the Company's common stock on a quarterly basis at a discounted price through accumulated payroll deductions. Each eligible employee may elect to deduct up to 15% of his or her base pay each quarter. Subject to certain limitations specified in the plan, on the last trading date of each calendar quarter, the amount deducted from each participant's pay over the course of the quarter will be used to purchase whole shares of the Company's common stock at a purchase price equal to 90% of the closing market price on the New York Stock Exchange on that date. The Company reserved 1,800,000 shares of common stock for issuance under the plan. The impact on the Company's consolidated financial statements is not material.