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Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2015
Stock Compensation Plans  
Summary of status and activity of employee and non-employee directors' nonvested stock awards

 

 

 

 

 

Weighted-

 

 

 

Weighted-

 

 

 

Weighted-

 

 

 

 

 

Average

 

ROC

 

Average

 

TSR

 

Average

 

 

 

Restricted

 

Grant Date

 

Performance

 

Grant Date

 

Performance

 

Grant Date

 

 

 

Stock

 

Fair Value

 

Stock

 

Fair Value

 

Stock

 

Fair Value

 

 

 

Awards

 

(per share)

 

Awards (a)

 

(per share)

 

Awards (a)

 

(per share)

 

Nonvested as of January 1, 2015

 

219,831

 

$

18.22

 

77,274

 

$

17.91

 

68,570

 

$

20.23

 

Granted

 

112,586

 

21.06

 

25,621

 

20.74

 

24,197

 

21.96

 

Vested

 

(117,068

)

17.14

 

 

 

(13,920

)

15.31

 

Forfeited

 

(10,660

)

20.43

 

(25,953

)

16.52

 

(10,342

)

20.88

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonvested as of December 31, 2015

 

204,689

 

$

20.28

 

76,942

 

$

19.33

 

68,505

 

$

21.74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)The number of shares shown for the performance stock awards is based on the target number of share awards.

 

Employee stock options  
Stock Compensation Plans  
Summary of status and activity of stock options

 

 

 

 

 

 

Weighted-Average

 

 

 

 

 

 

 

Weighted-Average

 

Remaining

 

 

 

 

 

 

 

Exercise Price

 

Contractual Term

 

Aggregate

 

 

 

Shares

 

(per share)

 

(in years)

 

Intrinsic Value

 

Outstanding as of January 1, 2015

 

890,217

 

$

17.99

 

5.32

 

$

2,742

 

Granted

 

482,166

 

20.86

 

 

 

 

 

Exercised

 

(62,702

)

15.89

 

 

 

 

 

Forfeited

 

(46,920

)

20.97

 

 

 

 

 

Expired

 

(10,625

)

18.89

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding as of December 31, 2015

 

1,252,136

 

$

19.08

 

5.01

 

$

645

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest as of December 31, 2015

 

1,252,136

 

$

19.08

 

5.01

 

$

645

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable as of December 31, 2015

 

650,877

 

$

17.33

 

4.12

 

$

645

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of assumptions used to calculate fair values of employee stock option grants

 

 

Year Ended December 31

 

 

 

2015

 

2014

 

2013

 

Weighted-average grant date fair value per stock option

 

$

3.30 

 

$

4.48 

 

$

4.51 

 

Expected dividend yield

 

0.96% 

 

0.00% 

 

0.00% 

 

Expected volatility

 

19% 

 

21 — 22%

 

31% 

 

Risk-free interest rates

 

1.48% 

 

1.51 — 1.73%

 

0.78% 

 

Expected lives of options

 

4 years

 

4 years

 

4 years

 

 

Total Stockholder Return | Performance stock awards  
Stock Compensation Plans  
Schedule of significant assumptions used for performance stock awards

 

 

Year Ended December 31

 

 

 

2015

 

2014

 

2013

 

Dividend yield

 

0.96% 

 

0.00% 

 

0.00% 

 

Expected volatility

 

25.9% 

 

31.5% 

 

37.8% 

 

Risk-free interest rates

 

0.93% 

 

0.68% 

 

0.34% 

 

Performance period

 

3 years

 

3 years

 

3 years

 

 

Directors | Non employee stock options  
Stock Compensation Plans  
Summary of status and activity of stock options

 

 

 

 

 

 

Weighted-Average

 

 

 

 

 

 

 

Weighted-Average

 

Remaining

 

 

 

 

 

 

 

Exercise Price

 

Contractual Term

 

Aggregate

 

 

 

Shares

 

(per share)

 

(in years)

 

Intrinsic Value

 

Outstanding as of January 1, 2015

 

51,255

 

$

6.76

 

1.61

 

$

664

 

Granted

 

 

 

 

 

 

 

Exercised

 

(11,370

)

5.97

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding as of December 31, 2015

 

39,885

 

$

6.99

 

0.81

 

$

379

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested as of December 31, 2015

 

39,885

 

$

6.99

 

0.81

 

$

379

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable as of December 31, 2015

 

39,885

 

$

6.99

 

0.81

 

$

379