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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Stock-Based Compensation  
Summary of activity under the entity's stock option plans

                                                                                                                                                                                    

 

 

Year Ended December 31,

 

 

 

2014

 

2013

 

2012

 

Stock Options

 

Shares

 

Weighted-
Average
Exercise Price

 

Shares

 

Weighted-
Average
Exercise Price

 

Shares

 

Weighted-
Average
Exercise Price

 

Outstanding at beginning of year

 

 

858

 

$

12.24

 

 

1,143

 

$

11.59

 

 

1,056

 

$

10.84

 

Granted

 

 

156

 

$

16.15

 

 

156

 

$

13.86

 

 

190

 

$

11.19

 

Exercised

 

 

(104

)

$

11.87

 

 

(440

)

$

11.10

 

 

(103

)

$

3.20

 

Forfeited

 

 

 

$

 

 

(1

)

$

13.87

 

 

 

$

 

Expired

 

 

 

$

 

 

 

$

 

 

 

$

—  

 

​  

​  

​  

​  

​  

​  

Outstanding at end of year

 

 

910

 

$

12.95

 

 

858

 

$

12.24

 

 

1,143

 

$

11.59

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Options exercisable at end of year

 

 

587

 

 

 

 

 

528

 

 

 

 

 

810

 

 

 

 

 

Summary information about stock options outstanding

        The following table summarizes information about stock options outstanding at December 31, 2014 (shares in thousands):

                                                                                                                                                                                    

 

 

Options Outstanding

 

Options Exercisable

 

Range of Exercise Prices

 

Number
Outstanding
at 12/31/14

 

Weighted-
Average
Remaining
Contractual
Life

 

Weighted-
Average
Exercise Price

 

Number
Exercisable
at 12/31/14

 

Weighted-
Average
Exercise Price

 

$6.38 - $7.94

 

 

28 

 

 

0.38 

 

$

6.42 

 

 

28 

 

$

6.42 

 

$10.73 - $12.90

 

 

404 

 

 

5.31 

 

$

11.57 

 

 

340 

 

$

11.64 

 

$13.15 - $16.15

 

 

478 

 

 

7.33 

 

$

14.51 

 

 

219 

 

$

13.65 

 

​  

​  

​  

​  

$6.38 - $16.15

 

 

910 

 

 

6.22 

 

$

12.95 

 

 

587 

 

$

12.14 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of fair values and the assumptions used for the grants

                                                                                                                                                                                    

 

 

Year Ended December 31,

 

 

 

2014

 

2013

 

2012

 

Weighted-average fair value per share of options granted

 

$

6.24 

 

$

5.06 

 

$

4.03 

 

Fair value assumptions:

 

 

 

 

 

 

 

 

 

 

Expected dividend yield

 

 

1.34 

%

 

1.82 

%

 

1.86 

%

Expected stock price volatility

 

 

45.2 

%

 

46.6 

%

 

46.5 

%

Risk-free interest rate

 

 

1.91 

%

 

0.96 

%

 

1.17 

%

Expected term

 

 

5.6 years

 

 

5.6 years

 

 

5.3 years

 

 

Summary of information about nonvested stock option awards and changes

        The following table summarizes information about nonvested stock option awards as of December 31, 2014 and changes for the year ended December 31, 2014 (shares in thousands):

                                                                                                                                                                                    

Stock Options

 

Shares

 

Weighted-Average
Grant Date
Fair Value

 

Nonvested at December 31, 2013

 

 

330

 

$

4.66

 

Granted

 

 

156

 

$

6.24

 

Vested

 

 

(163

)

$

4.65

 

Forfeited

 

 

 

 

—  

 

​  

​  

Nonvested at December 31, 2014

 

 

323

 

$

5.43

 

​  

​  

​  

​  

​  

 

Summary of activity under the entity's restricted stock plans

        The following table summarizes activity under our restricted stock plans (shares in thousands):

                                                                                                                                                                                    

 

 

Shares

 

Restricted Stock and Restricted Stock Units

 

2014

 

2013

 

2012

 

Unvested at beginning of year

 

 

199

 

 

272

 

 

302

 

Granted

 

 

133

 

 

169

 

 

224

 

Vested

 

 

(172

)

 

(240

)

 

(254

)

Forfeited

 

 

 

 

(2

)

 

—  

 

​  

​  

​  

​  

​  

​  

Unvested at end of year

 

 

160

 

 

199

 

 

272

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​