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Share-Based Payment (Tables)
12 Months Ended
Dec. 31, 2015
SHARE-BASED PAYMENT  
Schedule of Share-Based Equity Compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

Weighted-

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

Average

 

 

 

 

 

Average

 

Remaining

 

Aggregate

 

Grant-date

 

 

 

Options/

 

Exercise

 

Contract Life

 

Intrinsic

 

Fair

 

(In thousands, except share and per share amounts)

    

Shares

    

Price

    

(Years)

    

Value

    

Value

 

Restricted Shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonvested at beginning of period

 

866,378

 

 

 

 

 

 

 

 

 

$

16.31

 

Granted

 

945,826

 

 

 

 

 

 

 

 

 

 

21.03

 

Vested

 

(474,077)

 

 

 

 

 

 

 

 

 

 

15.49

 

Forfeited

 

(25,353)

 

 

 

 

 

 

 

 

 

 

17.31

 

Nonvested at end of period

 

1,312,774

 

 

 

 

 

 

 

 

 

 

19.99

 

Stock Options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at beginning of period

 

1,067,995

 

$

15.70

 

 

 

 

 

 

 

 

 

Granted

 

253,178

 

 

16.72

 

 

 

 

 

 

 

 

 

Exercised

 

(204,821)

 

 

26.62

 

 

 

 

 

 

 

 

 

Forfeited

 

(10,000)

 

 

13.05

 

 

 

 

 

 

 

 

 

Expired

 

 —

 

 

 —

 

 

 

 

 

 

 

 

 

Outstanding at end of period

 

1,106,352

 

$

16.30

 

7.6

 

$

13,844

 

 

 

 

Exercisable at end of period

 

532,362

 

$

15.44

 

6.7

 

$

7,120

 

 

 

 

 

Schedule of Stock Options Valuation Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

    

2015

    

2014

    

2013

  

Estimated option life

 

 

6.00 years

 

 

6.00 years

 

 

6.00 years

 

Risk free interest rate

 

 

1.68

%

 

1.86

%

 

1.01

%

Expected volatility

 

 

33.48

%

 

35.35

%

 

33.58

%

Expected dividend rate

 

 

0.00

%

 

0.00

%

 

0.00

%

Weighted average grant date fair value per share of options granted

 

$

5.90

 

$

6.35

 

$

6.13