Stock Incentive Plans (Tables)

6 Months Ended

Jun. 30, 2016

The following table summarizes the activity relating to restricted stock awards during the periods indicated:


	Six Months Ended June 30,
	2016					2015
	Awards			Weighted Average Grant Price		Awards			Weighted Average Grant Price
Unvested awards outstanding at beginning of period		1,548,444		$	12.85		1,354,093		$	11.86
Granted		571,322			12.86		401,510			13.16
Net adjustment due to performance		—			—		(46,956	)		10.25
Vested		(372,928	)		12.10		(460,606	)		10.61
Forfeited		(20,230	)		12.97		(2,774	)		17.24
Dividend reinvestment		27,210			12.30		18,359			14.13

Unvested awards outstanding at end of period		1,753,818			13.01		1,263,626			12.82

The following table provides certain information related to restricted stock awards:


(in thousands)	Six Months Ended June 30,
	2016		2015
Share-based compensation expense	$	2,916	$	1,564
Tax benefit related to share-based compensation expense		1,021		548
Fair value of awards vested		4,542		5,770

The components of the restricted stock awards as of June 30, 2016 are as follows:

(dollars in thousands)

Service-
Based
Awards

Performance-
Based
Awards

Total

Unvested restricted stock awards

844,539

909,279

1,753,818

Unrecognized compensation expense

6,341

7,014

13,355

Intrinsic value

10,591

11,402

21,993

Weighted average remaining life (in years)

2.24

2.36

2.30

Summary of Activity Relating to Stock Options

The following table summarizes the activity relating to stock options during the periods indicated:


	Six Months Ended June 30,
	2016					2015
	Shares			Weighted Average Exercise Price		Shares			Weighted Average Exercise Price
Options outstanding at beginning of period		435,340		$	8.86		568,834		$	8.86
Assumed from acquisitions		1,707,036			7.83		—			—
Exercised		(287,787	)		7.11		(82,810	)		5.57
Forfeited		(93,391	)		6.73		(2,182	)		4.34

Options outstanding and exercisable at end of period		1,761,198			8.26		483,842			9.44