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Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2016
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, 2016

 

204,689

 

$

20.28

 

76,942

 

$

19.33

 

68,505

 

$

21.74

 

Granted

 

159,938

 

 

14.65

 

35,719

 

 

13.76

 

50,880

 

 

9.66

 

Vested

 

(103,152)

 

 

19.56

 

 —

 

 

 —

 

(22,248)

 

 

21.92

 

Forfeited

 

(10,935)

 

 

19.43

 

(32,713)

 

 

17.56

 

(4,093)

 

 

21.79

 

Nonvested as of December 31, 2016

 

250,540

 

$

17.02

 

79,948

 

$

17.56

 

93,044

 

$

15.09

 

 

(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-

 

 

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

 

 

 

Average

 

Remaining

 

 

 

 

 

 

 

 

Exercise Price

 

Contractual Term

 

Aggregate

 

Employee stock options:

    

Shares

    

(per share)

    

(in years)

    

Intrinsic Value

 

Outstanding as of January 1, 2016

 

1,252,136

 

$

19.08

 

5.01

 

$

645

 

Granted

 

508,999

 

 

14.06

 

 

 

 

 

 

Exercised

 

(13,574)

 

 

9.10

 

 

 

 

 

 

Forfeited

 

(17,907)

 

 

17.91

 

 

 

 

 

 

Expired

 

(62,852)

 

 

18.33

 

 

 

 

 

 

Outstanding as of December 31, 2016

 

1,666,802

 

$

17.67

 

4.69

 

$

1,993

 

Vested and expected to vest as of December 31, 2016

 

1,666,802

 

$

17.67

 

4.69

 

$

1,993

 

Exercisable as of December 31, 2016

 

974,977

 

$

18.87

 

3.85

 

$

476

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31

 

 

    

2016

 

2015

 

2014

 

Weighted-average grant date fair value per stock option

 

$

3.11

 

$

3.30

 

$

4.48

 

Expected dividend yield

 

 

1.10

%

 

0.96

%

 

0.00

%

Expected volatility

 

 

29

%

 

19

%

 

21 - 22

%

Risk-free interest rates

 

 

1.04

%

 

1.48

%

 

1.51 - 1.73

%

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

 

 

    

2016

    

2015

    

2014

 

Dividend yield

 

1.10

%

0.96

%

0.00

%

Expected volatility

 

26.8

%

25.9

%

31.5

%

Risk-free interest rates

 

0.83

%

0.93

%

0.68

%

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-

 

 

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

 

 

 

Average

 

Remaining

 

 

 

 

 

 

 

 

Exercise Price

 

Contractual Term

 

Aggregate

 

Non-employee director stock options:

    

Shares

    

(per share)

    

(in years)

    

Intrinsic Value

 

Outstanding as of January 1, 2016

 

39,885

 

$

6.99

 

0.81

 

$

379

 

Granted

 

 —

 

 

 —

 

 

 

 

 

 

Exercised

 

(22,320)

 

 

5.90

 

 

 

 

 

 

Forfeited

 

 —

 

 

 —

 

 

 

 

 

 

Expired

 

 —

 

 

 —

 

 

 

 

 

 

Outstanding as of December 31, 2016

 

17,565

 

$

8.37

 

0.42

 

$

154

 

Vested as of December 31, 2016

 

17,565

 

$

8.37

 

0.42

 

$

154

 

Exercisable as of December 31, 2016

 

17,565

 

$

8.37

 

0.42

 

$

154