XML 48 R37.htm IDEA: XBRL DOCUMENT v3.4.0.3
Share-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2016
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,
 
 
2016
 
2015
 
Stock and ESPP Options
 
 
 
 
Pre-tax compensation expense
$
15

 
$
27

 
Income tax expense (benefit)


 
(1
)
 
Stock and ESPP option expense, net of income taxes
$
15

 
$
26

 
Restricted Stock Awards
 
 
 
 
Pre-tax compensation expense
$
578

 
$
490

 
Income tax benefit
(202
)
 
(168
)
 
Restricted stock awards expense, net of income taxes
$
376

 
$
322

 
Total Share-Based Compensation
 
 
 
 
Pre-tax compensation expense
$
593

 
$
517

 
Income tax benefit
(202
)
 
(169
)
 
Total share-based compensation expense, net of income taxes
$
391

 
$
348

 
Stock option activity under stock option plans
Stock option activity under the Corporation's stock option plans as of March 31, 2016 and changes during the three months ended March 31, 2016, were as follows:
 
Number of
Shares

Weighted-Average Exercise Price

Weighted Average Remaining
Contractual Term
(in Years)

Aggregate
Intrinsic
Value
Outstanding at January 1, 2016
442,012


$
19.99


 

 
Granted
—





 

 
Exercised
(6,700
)

$
10.80


 

 
Canceled
(49,500
)

$
25.14


 

 
Outstanding March 31, 2016
385,812


$
19.49


3.23

1,992,120

Vested and Expected to Vest at March 31, 2016
385,812


$
19.49


3.23

1,992,120

Exercisable at March 31, 2016
385,812


$
19.49


3.23

1,992,120
Unvested RSAs outstanding
The following table summarizes information on unvested RSAs outstanding as of March 31, 2016:
 
Number of Shares

Weighted-Average
Grant Date Fair Value
Unvested RSAs at January 1, 2016
354,504


$
19.65

Granted
110,623


$
23.41

Vested
(101,984
)

$
15.32

Forfeited
(419
)

$
21.60

Unvested RSAs at March 31, 2016
362,724


$
22.31