Equity Compensation (Tables)

3 Months Ended

Mar. 31, 2014

Equity Compensation Arrangement by Share-based Payment Award [Abstract]

Schedule of Equity Compensation Stock Options Activity

The following table summarizes stock option activity for the three months ended March 31, 2014:

	Number of Options (in thousands)		Weighted Average Exercise Price ($)		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (in thousands)
Outstanding at beginning of period	653		$	17.85
Granted	—		$	—
Exercised	(175	)	$	17.86
Forfeited	(3	)	$	21.15
Expired	—		$	—
Outstanding at end of period	475		$	17.83	3.73	$	3,647
Exercisable at end of period	394		$	17.40	3.23	$	3,198

Schedule of Equity Compensation, Restricted Stock and Restricted Stock Units Activity

The following table summarizes restricted award activity for the three months ended March 31, 2014:

	Number of Restricted Awards (in thousands)		Weighted Average Grant Date Fair Value ($)
Nonvested at beginning of period	698		$	21.04
Granted	—		$	—
Vested	—		$	—
Forfeited	(1	)	$	22.51
Nonvested at end of period	697		$	21.03

Schedule of Equity Compensation Performance Award Activity

The following table summarizes performance award activity for the three months ended March 31, 2014:

	Number of Performance Awards (in thousands)	Weighted Average Grant Date Fair Value ($)
Nonvested at beginning of period	—	$	—
Granted	183	$	25.06
Vested	—	$	—
Forfeited	—	$	—
Nonvested at end of period	183	$	25.06

Schedule of Equity Compensation Expense and Related Income Tax Benefit Recognized

The following table summarizes the equity compensation expense and related income tax benefit recognized in the Consolidated Statements of Income (in thousands):

	Three Months Ended March 31,
	2014		2013
Stock options:
Pre-tax compensation expense	$	30	$	66
Tax benefit	12		26
Stock option expense, net of tax	$	18	$	40
Restricted awards:
Pre-tax compensation expense	$	995	$	1,235
Tax benefit	401		491
Restricted award expense, net of tax	$	594	$	744
Performance awards:
Pre-tax compensation expense	$	286	$	—
Tax benefit	115		—
Performance award expense, net of tax	$	171	$	—

Schedule of Equity Compensation Performance Shares Valuation Assumptions

The present value of estimated future dividends for the 2014 grant was calculated using the following weighted-average assumptions:

Dividends per share (quarterly amounts)	$	0.05
Risk-free interest rate	1.5		%