Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation Amounts Included in Net Income

The table below presents the amounts included in net income related to share-based compensation expense for the three months ended March 31, 2014 and 2013:

	Three Months Ended
	March 31,
	2014		2013
(in thousands)
Awards to non-employee directors	$	124	$	111
Awards to key employees	514		270
Total compensation expense	638		381
Less: tax benefit	257		153
Share-Based Compensation amounts included in net income	$	381	$	228

Summary of Stock Activity under SICP

The table below presents the summary of the stock activity for the awards to key employees for the three months ended March 31, 2014:

	Number of Shares	Weighted Average Fair Value
Outstanding—December 31, 2013	80,761	$	42.30
Granted	27,628	$	58.35
Vested	26,364	$	40.30
Outstanding—March 31, 2014	82,025	$	48.35