XML 40 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Components of Share Based Compensation Awards
The following table summarizes the components of the Corporation's share-based compensation awards recorded as expense:


Three Months Ended
March 31,
 
2014

2013
Stock and ESPP Options
 

 
Pre-tax compensation expense
$
44


$
38

Income tax expense (benefit)
(3
)

(2
)
Stock and ESPP option expense, net of income taxes
$
41


$
36

Restricted Stock Awards
 

 
Pre-tax compensation expense
$
461


$
336

Income tax benefit
(161
)

(117
)
Restricted stock awards expense, net of income taxes
$
300


$
219

Total Share-Based Compensation
 

 
Pre-tax compensation expense
$
505


$
374

Income tax benefit
(164
)

(119
)
Total share-based compensation expense, net of income taxes
$
341


$
255

Stock Option Activity Under Stock Option Plans
Stock option activity under the Corporation's stock option plans as of March 31, 2014 and changes during the three months ended March 31, 2014, were as follows:

 
Number of
Shares

Weighted-Average Exercise Price

Weighted Average Remaining
Contractual Term
(in Years)

Aggregate
Intrinsic
Value
Outstanding at January 1, 2014
958,786


$
21.32


 

 
Granted






 

 
Exercised
(25,050
)

$
10.88


 

 
Canceled
1,815


$
22.15


 

 
Outstanding March 31, 2014
935,551


$
21.60


2.97

2,401,422

Vested and Expected to Vest at March 31, 2014
935,551


$
21.60


2.97

2,401,422

Exercisable at March 31, 2014
926,551


$
21.66


2.91

2,344,542

Unvested RSAs Outstanding
The following table summarizes information on unvested RSAs outstanding as of March 31, 2014:

 
Number of Shares

Weighted-Average
Grant Date Fair Value
Unvested RSAs at January 1, 2014
429,002


$
12.51

Granted
84,792


$
20.43

Vested
(105,509
)

$
12.50

Forfeited
(1,970
)

$
9.07

Unvested RSAs at March 31, 2014
406,315


$
15.06