XML 60 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Compensation Plan Transactions
The table below summarizes the transactions under the Company’s active stock compensation plans at December 31, 2018, 2017 and 2016, and changes during the years then ended:
 
 
 
Stock Options
Outstanding
 
Stock Awards
Outstanding
 
Stock Units
Outstanding
 
 
Number
of Shares
(000)
 
Weighted
Average
Exercise
Price
 
Number
of Shares
(000)
 
Weighted
Average
Exercise
Price
 
Number
of Shares
(000)
 
Weighted
Average
Exercise
Price
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2015
 
970

 
$
20.31

 
342

 
$
17.83

 
158

 
$
21.33

Granted
 
116

 
23.51

 
272

 
23.46

 
286

 
23.48

Stock options exercised
 
(127
)
 
15.14

 
—

 
—

 
—

 
—

Stock awards/units vested
 
—

 
—

 
(318
)
 
20.96

 
(25
)
 
22.77

Forfeited/expired
 
(13
)
 
17.53

 
(18
)
 
21.85

 
(13
)
 
23.04

 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2016
 
946

 
21.43

 
278

 
20.48

 
406

 
22.70

Granted
 
—

 
—

 
—

 
—

 
906

 
28.86

Stock options exercised
 
(122
)
 
17.66

 
—

 
—

 
—

 
—

Stock awards/units vested
 
—

 
—

 
(91
)
 
19.40

 
(449
)
 
27.13

Forfeited/expired
 
(12
)
 
22.67

 
(25
)
 
21.91

 
(35
)
 
25.76

 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2017
 
812

 
21.98

 
162

 
20.85

 
828

 
26.13

Granted
 
—

 
—

 
—

 
—

 
429

 
29.16

Stock options exercised
 
(112
)
 
19.22

 
—

 
—

 
—

 
—

Stock awards/units vested
 
—

 
—

 
(80
)
 
20.41

 
(311
)
 
25.56

Forfeited/expired
 
(5
)
 
21.73

 
(10
)
 
20.12

 
(129
)
 
27.95

 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2018
 
695

 
$
22.42

 
72

 
$
21.45

 
817

 
$
27.65

 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable, December 31, 2018
 
662

 
$
22.37

 


 
 

 


 
 
Information about Stock Options under Plans Outstanding
The following table summarizes information about stock options under the plans outstanding at December 31, 2018: 
 
 
 
 
 
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
 
Number
of Shares
(000)
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Weighted
Average
Exercise
Price
 
Number
of Shares
(000)
 
Weighted
Average
Exercise
Price
$
9.46

 
—
 
$
9.46

 
1
 
3.04
 
$9.46
 
1
 
$9.46
10.65

 
—
 
10.65

 
4
 
4.07
 
10.65
 
4
 
10.65
10.76

 
—
 
10.76

 
2
 
1.05
 
10.76
 
2
 
10.76
20.29

 
—
 
20.29

 
71
 
6.00
 
20.29
 
71
 
20.29
20.36

 
—
 
20.36

 
3
 
5.88
 
20.36
 
2
 
20.36
22.20

 
—
 
22.20

 
74
 
6.23
 
22.20
 
74
 
22.20
22.75

 
—
 
22.75

 
436
 
6.61
 
22.75
 
436
 
22.75
23.51

 
—
 
23.51

 
97
 
7.05
 
23.51
 
65
 
23.51
24.07

 
—
 
24.07

 
7
 
6.71
 
24.07
 
7
 
24.07
 
 
 
 
 
 

 

 

 

 

$
9.46

 
—
 
$
24.07

 
695
 
6.53
 
$22.42
 
662
 
$22.37
Weighted-average Assumptions
The weighted-average assumptions used to determine the fair value of options granted for the years ended December 31, 2016 is detailed in the table below: 
 
 
2016
Expected dividend yield
 
1.96
%
Expected stock price volatility
 
27.34
%
Risk-free interest rate
 
2.01
%
Expected life of options (in years)
 
7
Restricted Performance Stock Unit Activity
The table below summarizes the Company’s restricted performance stock unit activity for the years ended December 31, 2018, 2017 and 2016:

(In thousands)
 
Performance Stock Units
Non-vested, December 31, 2015
 
118

Granted
 
70

Vested (earned)
 
—

Forfeited
 
(7
)
 
 
 
Non-vested, December 31, 2016
 
181

Granted
 
57

Vested (earned)
 
(57
)
Forfeited
 
(4
)
 
 
 
Non-vested, December 31, 2017
 
177

Granted
 
72

Vested (earned)
 
(55
)
Forfeited
 
(17
)
 
 
 
Non-vested, December 31, 2018
 
177