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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2017
Restricted Stock Units (RSU) and Performance Share Awards (PSAs) [Member]  
Summary of Share Based Compensation Activity

The following table summarizes RSU and PSA activity during periods indicated:

 

Units

2017

 

 

 

2016

 

Balance at January 1,

 

679,038

 

 

 

 

674,523

 

Granted

 

364,748

 

 

 

 

295,654

 

Forfeited

 

(91,449

)

 

 

 

(143,209

)

Shares delivered

 

(24,052

)

 

 

 

(149,475

)

Balance at June 30,

 

928,285

 

 

 

 

677,493

 

 

Compensation Expense for Stock Option Activity

The following table sets forth aggregate RSU and PSA compensation expense for the periods indicated:

 

 

June 30

 

In thousands

2017

 

 

 

2016

 

Three months ended

$

1,049

 

 

 

$

935

 

Six months ended

 

2,088

 

 

 

 

1,402

 

 

Stock Only Stock Appreciation Rights (SOSARs) [Member]  
Summary of Share Based Compensation Activity

The following table sets forth information related to outstanding SOSARS for the six months ended June 30;

 

 

2017

 

 

2016

 

SOSARS

Shares

 

 

 

Wtd Avg

Exercise

Price

 

 

Shares

 

 

Wtd Avg

Exercise

Price

 

Outstanding at January 1,

 

2,736,616

 

 

 

$

17.64

 

 

 

2,199,742

 

 

$

17.82

 

Granted

 

 

 

 

 

 

 

 

743,925

 

 

17.54

 

Exercised

 

(33,050

)

 

 

 

14.65

 

 

 

(53,190

)

 

 

9.91

 

Canceled / forfeited

 

(17,630

)

 

 

 

18.46

 

 

 

(108,945

)

 

 

21.81

 

Outstanding at June 30,

 

2,685,936

 

 

 

$

17.67

 

 

 

2,781,532

 

 

$

17.74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SOSAR Grants

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average grant date

   fair value per share

$

-

 

 

 

 

 

 

 

$

4.07

 

 

 

 

 

Aggregate grant date

   fair value (in thousands)

$

-

 

 

 

 

 

 

 

$

3,013

 

 

 

 

 

Black-Scholes assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividend yield

 

-

 

 

 

 

 

 

 

 

2.85

%

 

 

 

 

Risk free rate of return

 

-

 

 

 

 

 

 

 

 

1.34

%

 

 

 

 

Volatility

 

-

 

 

 

 

 

 

 

 

31.97

%

 

 

 

 

Expected life

-

 

 

 

 

 

 

 

6 yrs

 

 

 

 

 

 

Compensation Expense for Stock Option Activity

The following table sets forth SOSAR compensation expense for the periods indicated:

 

 

June 30

 

In thousands

2017

 

 

 

2016

 

Three months ended

$

259

 

 

 

$

669

 

Six months ended

 

868

 

 

 

 

1,401