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Stock-Based Incentive Plans (Tables)
3 Months Ended
Mar. 31, 2016
Restricted Stock  
Stock-Based Compensation  
Schedule of unvested restricted stock unit activity
The following table summarizes the Company’s unvested restricted stock unit activity for the three months ended March 31, 2016
 
Shares
 
Weighted-
Average Price
 
Aggregate
Intrinsic
Value *
Unvested Restricted Stock Units (RSUs)
(in thousands)
 
 
(in thousands)
Outstanding at January 1, 2016
527

 
$
31.56

 
 

Awarded
431

 
 

 
 

Vested
(324
)
 
 

 
 

Forfeited
(4
)
 
 

 
 

Outstanding at March 31, 2016
630

 
$
31.81

 
$
24,048

Outstanding and expected to vest at March 31, 2016
615

 
$
31.81

 
$
23,484

             
*
The intrinsic value is calculated using the closing price per share of $38.17 as reported by the New York Stock Exchange on March 31, 2016.
Non-Qualified Stock Options  
Stock-Based Compensation  
Summary of stock option activity
The following table summarizes the Company’s stock option activity for the three months ended March 31, 2016
 
 
Shares
 
Weighted-
Average
Exercise Price
 
Weighted-
Average
Remaining
Contractual Life
 
Aggregate
Intrinsic
Value *
Non-Qualified Stock Options
 
(in thousands)
 
 
 
(in years)
 
(in thousands)
Outstanding at January 1, 2016
 
523

 
$
29.55

 
 
 
 

Exercised
 
(35
)
 
 

 
 
 
 

Forfeited
 
(1
)
 
 

 
 
 
 

Outstanding and exercisable at March 31, 2016
 
487

 
$
29.60

 
1.8
 
$
4,174

            
*
The intrinsic value represents the amount, if any, by which the fair market value of the underlying common stock exceeds the exercise price of the stock option, using the closing price per share of $38.17 as reported by the New York Stock Exchange on March 31, 2016.