XML 57 R42.htm IDEA: XBRL DOCUMENT v3.6.0.2
Stock and Other Incentive Plans (Tables)
 12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Unrecognized Compensation Cost, Nonvested Awards
The following table represents expected amortization of the Company's non-vested shares issued:
(Dollars in millions)
Future Amortization of Non-Vested Shares

2017
$
8.8

2018
$
6.7

2019
$
4.6

2020
$
4.4

2021
$
3.4

2022 and thereafter
$
4.3

Total
$
32.2
Summary of the activity under the Incentive Plan the previous directors' plan
A summary of the activity under the 2015 Incentive Plan and related information for the three years in the period ended December 31, 2016 follows: 
 
Year Ended December 31,
(Dollars in thousands, except per share data)
2016

 
2015

 
2014

Stock-based awards, beginning of year
1,092,262

 
1,057,732

 
1,788,168

Granted
885,219

 
251,789

 
269,129

Vested
(190,984
)
 
(210,955
)
 
(931,767
)
Forfeited
—

 
(6,304
)
 
(67,798
)
Stock-based awards, end of year
1,786,497

 
1,092,262

 
1,057,732

Weighted-average grant date fair value of:
 
 
 
 
 
Stock-based awards, beginning of year
$
24.72

 
$
24.01

 
$
23.81

Stock-based awards granted during the year
$
29.60

 
$
27.70

 
$
25.27

Stock-based awards vested during the year
$
24.34

 
$
25.05

 
$
24.13

Stock-based awards forfeited during the year
$
—

 
$
24.80

 
$
22.01

Stock-based awards, end of year
$
27.18

 
$
24.72

 
$
24.01

Grant date fair value of shares granted during the year
$
26,204

 
$
6,975

 
$
6,800
Summary of the Employee Stock Purchase Plan activity
A summary of the Employee Stock Purchase Plan activity and related information for the three years in the period ended December 31, 2016 is as follows:
 
Year Ended December 31,
(Dollars in thousands, except per share data)
2016

 
2015

 
2014

Options outstanding, beginning of year
340,958

 
393,902

 
391,108

Granted
198,450

 
197,640

 
275,655

Exercised
(57,924
)
 
(44,462
)
 
(51,078
)
Forfeited
(22,081
)
 
(47,176
)
 
(63,908
)
Expired
(143,082
)
 
(158,946
)
 
(157,875
)
Options outstanding and exercisable, end of year
316,321

 
340,958

 
393,902

Weighted-average exercise price of:
 
 
 
 
 
Options outstanding, beginning of year
$
20.70

 
$
19.17

 
$
17.05

Options granted during the year
$
24.07

 
$
23.22

 
$
18.11

Options exercised during the year
$
21.40

 
$
19.41

 
$
17.76

Options forfeited during the year
$
23.16

 
$
19.90

 
$
18.58

Options expired during the year
$
18.11

 
$
20.41

 
$
15.80

Options outstanding, end of year
$
23.69

 
$
20.70

 
$
19.17

Weighted-average fair value of options granted during the year (calculated as of the grant date)
$
5.37

 
$
5.39

 
$
4.35

Intrinsic value of options exercised during the year
$
634

 
$
381

 
$
437

Intrinsic value of options outstanding and exercisable (calculated as of December 31)
$
2,098

 
$
2,597

 
$
3,209

Exercise prices of options outstanding (calculated as of December 31)
$
23.69

 
$
20.70

 
$
19.17

Weighted-average contractual life of outstanding options (calculated as of December 31, in years)
0.8

 
0.8

 
0.8
Fair value of options issued based on weighted-average assumptions
 
2016

 
2015

 
2014

Risk-free interest rates
1.06
%
 
0.67
%
 
0.38
%
Expected dividend yields
4.64
%
 
4.79
%
 
4.94
%
Expected life (in years)
1.42

 
1.38

 
1.39

Expected volatility
17.6
%
 
21.0
%
 
23.0
%
Expected forfeiture rates
85
%
 
80
%
 
75
%