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Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2013
Summary of Restricted Stock Activity

A summary of the Company’s restricted stock activity follows:

 

     2013     2012  
     Shares     Fair Market
Value at
Date of
Grant		     Shares     Fair Market
Value at
Date of
Grant		  
(Dollars in thousands)                         

Restricted stock at January 1

      1,771,664      $ 41,522        1,817,745      $ 40,655   

Granted

      234,537        11,211        394,928        10,846   

Vested

      (451,583 )      (8,430 )      (104,069 )      (2,823 ) 

Cancellations

      (25,980 )      (604 )      (7,550 )      (157 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Restricted stock at June 30

      1,528,638      $ 43,699        2,101,054      $ 48,521   
  

 

 

    

 

 

    

 

 

    

 

 

  
Summary of Performance Unit Activity

A summary of the Company’s performance unit activity follows: 

     2013  
(Dollars in thousands)    Units      Fair Market
Value at
Date of
Grant		  

Performance units at January 1

      —         $ —     

Granted

      70,600         3,377   
  

 

 

     

 

 

  

Performance units at June 30

      70,600       $ 3,377   
  

 

 

     

 

 

  
Compensation Expense for Restricted Stock Recognized in Condensed Consolidated Statements of Income

Compensation expense for share-based awards recognized in the condensed consolidated statements of income for the three- and six-month periods ended June 30, 2013 and 2012 was as follows: 

     Three Months Ended
June  30,		     Six Months Ended
June 30,		  
     2013     2012     2013     2012  
(In thousands)                         

Impact on income before income taxes

    $ (3,137 )    $ (3,137 )    $ (6,774 )    $ (5,731 ) 

Income tax benefit

      1,219        1,219        2,631        2,228   
  

 

 

    

 

 

    

 

 

    

 

 

  

Impact on net income

    $ (1,918 )    $ (1,918 )    $ (4,143 )    $ (3,503 )