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Stock Based Compensation Plan
 9 Months Ended
Sep. 30, 2014
Stock Based Compensation Plan [Abstract]  
Stock Based Compensation Plan
NOTE H – Stock Based Compensation Plan
As more fully discussed in Note 11 of the notes to the consolidated financial statements in our 2013 Annual Report on Form 10-K, we have awards outstanding for Common Stock under stock-based employee compensation plans.
The following table summarizes our award activity during the nine months ended September 30, 2014:
  
Restricted Stock Awards
  
Stock-Settled
Appreciation Rights
 
 
 
Shares or Units
  
Weighted-Average
Award Price
  
Rights
  
Weighted-Average
Award Price
 
Outstanding at December 31, 2013
  
437,000
  
$
14.46
   
149,700
  
$
15.78
 
Granted
  
146,748
   
28.72
   
—
   
—
 
Restrictions lapsed or exercised
  
(235,925
)
  
14.01
   
(13,725
)
  
12.30
 
Forfeited
  
(16,260
)
  
21.34
   
(6,000
)
  
18.14
 
Outstanding at September 30, 2014
  
331,563
  
$
20.75
   
129,975
  
$
16.04
 
Exercisable at September 30, 2014
  
—
   
—
   
51,975
  
$
12.88
 

Grants of equity awards are made to certain officers and key employees under the 2004 and 2014 LTIP Plans. The restrictions on most of the awards generally lapse annually, primarily over four year periods. During 2014, the Company granted 39,890 awards for which the shares ultimately issued will be based upon the achievement of various performance measures.  The restricted units earned under most of these awards vest after three years. The compensation is being charged to selling, general and administrative expense over the respective grants' vesting periods, primarily on a straight-line basis.  Stock based compensation expense for the nine months ended September 30, 2014 was approximately $2.5 million and $2.7 million in 2013. The aggregate intrinsic value of outstanding restricted common stock grants was $7.2 million at September 30, 2014. The aggregate intrinsic value of vested and outstanding stock-settled appreciation rights at September 30, 2014 was approximately $0.5 million and $0.7 million, respectively.
As of September 30, 2014, the remaining unamortized compensation cost related to unvested equity awards was approximately $5.3 million and scheduled to be recognized over a weighted-average period of 2.4 years.