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Employee Benefit and Deferred Compensation Plans (Tables)
6 Months Ended
Jun. 30, 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
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
Service cost
$

 
$

 
$
4

 
$
6

Interest cost
274

 
318

 
15

 
23

Expected return on plan assets
(510
)
 
(539
)
 

 

Prior service cost recognized

 

 

 

Recognized actuarial loss
83

 
46

 
26

 
27

Net periodic benefit cost (return)
$
(153
)
 
$
(175
)
 
$
45

 
$
56


 
Pension Benefits
 
Other Benefits
 
Six Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
Service cost
$

 
$

 
$
8

 
$
12

Interest cost
545

 
636

 
30

 
46

Expected return on plan assets
(1,021
)
 
(1,078
)
 

 

Prior service cost recognized

 

 

 

Recognized actuarial loss
156

 
91

 
46

 
54

Net periodic benefit (return) cost
$
(320
)
 
$
(351
)
 
$
84

 
$
112

Schedule of other share-based compensation activity
The following table summarizes the changes in restricted stock as of and for the six months ended June 30, 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
 
81,750

 
28.93

 
33,588

 
29.40

Vested
 

 

 
(11,486
)
 
27.86

Cancelled
 

 

 

 

Nonvested at end of period
 
81,750

 
$
28.93

 
60,438

 
$
28.65

The following table summarizes the changes in stock options as of and for the six months ended June 30, 2015:
 
 
Shares
 
Weighted Average Exercise Price
Options outstanding at beginning of period
 
830,950

 
$
18.70

Granted
 

 

Exercised
 
(109,137
)
 
19.57

Forfeited
 
(7,500
)
 
30.63

Options outstanding at end of period
 
714,313

 
$
18.45