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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2014
STOCK-BASED COMPENSATION  
Summary of restricted stock units, performance-based stock units, and weighted average grant date fair values

 

 

 

Employee Service-Based
Awards

 

Employee Performance-Based Awards

 

Director Awards

 

 

 

Units

 

Weighted
Average
Grant Date
Fair Value

 

Units

 

Weighted
Average
Grant Date
Fair Value

 

Units

 

Weighted
Average
Grant Date
Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonvested at December 31, 2011(As Restated)

 

650,655

 

$

21.99

 

226,701

 

$

21.00

 

112,331

 

$

21.33

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

335,750

 

20.26

 

147,300

 

21.09

 

63,497

 

22.35

 

Vested

 

(232,787

)

20.35

 

(89,622

)

19.49

 

(54,472

)

19.65

 

Forfeited

 

(95,051

)

21.80

 

(143,077

)

21.21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonvested at December 31, 2012(As Restated)

 

658,567

 

$

21.71

 

141,302

 

$

21.84

 

121,356

 

$

22.62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

302,261

 

29.66

 

54,300

 

29.66

 

49,751

 

32.50

 

Vested

 

(218,160

)

21.60

 

(44,700

)

21.49

 

(85,246

)

23.08

 

Forfeited

 

(32,624

)

23.36

 

(22,625

)

29.66

 

(997

)

25.72

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonvested at December 31, 2013(As Restated)

 

710,044

 

$

25.05

 

128,277

 

$

23.89

 

84,864

 

$

27.91

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

285,332

 

33.65

 

41,713

 

36.19

 

36,794

 

30.08

 

Vested

 

(280,933

)

23.66

 

(52,616

)

22.72

 

(43,512

)

27.82

 

Forfeited

 

(43,708

)

29.66

 

(41,713

)

36.19

 

(5,314

)

22.43

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonvested at December 31, 2014

 

670,735

 

$

28.99

 

75,661

 

$

24.70

 

72,832

 

$

29.46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of option activity and weighted average exercise prices

 

 

 

Employee Awards

 

Director Awards

 

 

 

 

 

Weighted
Average

 

 

 

Weighted
Average

 

Weighted Average Exercise Price

 

Shares

 

Exercise Price

 

Shares

 

Exercise Price

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2011

 

434,500

 

$

13.45

 

28,259

 

$

11.99

 

Granted

 

 

 

 

 

Terminated

 

(1,500

)

15.60

 

 

 

Exercised

 

(230,000

)

14.82

 

(9,404

)

16.04

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2012

 

203,000

 

$

11.88

 

18,855

 

$

10.02

 

Granted

 

 

 

 

 

Terminated

 

(3,000

)

12.10

 

 

 

Exercised

 

(200,000

)

11.88

 

(5,535

)

11.21

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2013

 

 

$

 

13,320

 

$

9.53

 

Granted

 

 

 

 

 

Terminated

 

 

 

 

 

Exercised

 

 

 

(5,373

)

16.10

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2014

 

 

$

 

7,947

 

$

5.09

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aggregate intrinsic value at December 31, 2014

 

$

 

 

 

$

40,450

 

 

 

Weighted average remaining contractual term (years)

 

 

 

 

0.4

 

 

 

 

Summary of information concerning outstanding and exercisable options

 

Information concerning outstanding and exercisable options as of December 31, 2014 is as follows:

 

 

 

Options Outstanding and Exercisable

 

 

 

Number of

 

Weighted Average

 

Range of

 

Options

 

Remaining

 

Exercise

 

Exercise Prices

 

or Awards

 

Life (Years)

 

Price

 

$5.09 to $5.09

 

7,947

 

0.4

 

$

5.09