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Employee Benefit and Deferred Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Plan expense for non-contributory benefit pension plan and post-retirement health and life plans
The plan expense for the Company-sponsored noncontributory defined benefit pension plan (“Pension Benefits”) and post-retirement health and life plans (“Other Benefits”) for the periods presented was as follows:
 
 
 
 
 
 
 
 
 
Pension Benefits
 
Other Benefits
 
Three Months Ended
 
Three Months Ended
 
March 31,
 
March 31,
 
2015
 
2014
 
2015
 
2014
Service cost
$

 
$

 
$
4

 
$
6

Interest cost
271

 
318

 
15

 
23

Expected return on plan assets
(511
)
 
(539
)
 

 

Prior service cost recognized

 

 

 

Recognized actuarial loss
73

 
45

 
20

 
27

Net periodic benefit (return) cost
$
(167
)
 
$
(176
)
 
$
39

 
$
56

Schedule of other share-based compensation activity
The following table summarizes the changes in stock options as of and for the three months ended March 31, 2015:
 
 
Shares
 
Weighted Average Exercise Price
Options outstanding at beginning of period
 
830,950

 
$
18.70

Granted
 

 

Exercised
 
(8,374
)
 
17.92

Forfeited
 
(7,500
)
 
30.63

Options outstanding at end of period
 
815,076

 
$
18.60

The following table summarizes the changes in restricted stock as of and for the three months ended March 31, 2015:

 
 
Performance-Based Restricted Stock
 
Weighted Average Grant-Date Fair Value
 
Time- Based Restricted Stock
 
Weighted Average Grant-Date Fair Value
Nonvested at beginning of period
 

 
$

 
38,336

 
$
27.26

Awarded
 
81,950

 
28.93

 
24,450

 
28.93

Vested
 

 

 

 

Cancelled
 

 

 

 

Nonvested at end of period
 
81,950

 
$
28.93

 
62,786

 
$
28.21