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Stock-Based Compensation Plans (Tables)
9 Months Ended
Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Allocation of Share-based Compensation Costs by Plan
The following table provides a summary of stock-based compensation expense recognized in the accompanying Condensed Consolidated Statements of Income:
 
Three months ended September 30,
 
Nine months ended September 30,
(In thousands)
2014
2013
 
2014
2013
Stock options
$
167

$
886

 
$
943

$
2,832

Restricted stock
2,076

1,276

 
6,850

4,925

Stock-based compensation
$
2,243

$
2,162

 
$
7,793

$
7,757

Schedule of Unrecognized Share-based Compensation Expense
The following table provides a summary of unrecognized stock-based compensation expense:
 
At September 30, 2014
(Dollars in thousands)
Unrecognized Compensation Expense
Weighted-Average Period To Be Recognized
Stock options
$
654

1.3 years
Restricted stock
$
11,659

2.0 years
Schedule of Share-based Compensation, Activity
The following table provides a summary of the activity under the Plans for the nine months ended September 30, 2014:
 
Restricted Stock Awards Outstanding
 
Stock Options Outstanding
 
Time-Based
 
Performance-Based
 
 
Number of
Shares
Weighted-Average
Grant Date
Fair Value
 
Number of
Units
Weighted-Average
Grant Date
Fair Value
 
Number of
Shares
Weighted-Average
Grant Date
Fair Value
 
Number of
Shares
Weighted-Average
Exercise Price
Outstanding, at January 1, 2014
267,119

$
22.96

 
1,705

$
22.75

 
138,450

$
24.43

 
2,325,797

$
26.97

Granted
215,412

29.65

 
13,678

29.34

 
146,248

29.94

 


Exercised options


 


 


 
(108,841
)
15.98

Vested restricted stock awards (1)
(166,008
)
24.68

 
(9,685
)
28.18

 
(113,394
)
25.84

 


Forfeited
(21,941
)
25.27

 


 
(16,909
)
26.47

 
(94,380
)
35.30

Outstanding, at September 30, 2014
294,582

$
26.71

 
5,698

$
29.34

 
154,395

$
28.40

 
2,122,576

$
27.16

 
 
 
 
 
 
 
 
 
 
 
 
Options exercisable, at September 30, 2014
 
 
 
 
 
 
 
 
 
1,814,294

$
27.83

Options expected to vest, at September 30, 2014
 
 
 
 
 
 
 
 
 
294,667

$
23.24

(1) Vested for purposes of recording compensation expense.