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Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Options Outstanding

The Company has not issued any stock options since 2008. The following table summarizes information related to stock options outstanding at December 31, 2014:

 

 

Exercise
Price

  

Weighted Average
Remaining Life
(in years)

  

Number of
Options
Outstanding
and Exercisable

  

 

$32.50

 

0.9

 

 

50,500

 

$33.22

  

1.9

 

 

64,650

  

 

 

  

 

 

 

115,150

  

 

Summary of Restricted Stock Activity

A summary of restricted stock activity for the year ended December 31, 2014 is presented below:

 

 

Number of
Restricted
Shares

 

  

 

Weighted
Average
Grant Price

 

 

 

 

 

 

 

 

 

Outstanding at January 1, 2014

 

1,515,889

 

 

 

$24.04

 

Granted

 

235,524

 

 

 

$20.24

 

Vested

 

(530,868

)

 

 

$31.85

 

Forfeitures

 

(13,018

)

 

 

$19.11

 

Outstanding at December 31, 2014

 

1,207,527

 

 

 

$19.91

 

 

Summary of PSU Activity

A summary of PSU activity for the year ended December 31, 2014 is presented below:

 

 

 

Number of
PSUs

 

 

 

 

  

Weighted
Average
Grant Price

 

 

 

 

 

 

 

 

 

Outstanding at January 1, 2014

 

254,918

 

 

 

$20.92

 

Awards granted and adjustments
for dividend paid

 

203,783

 

 

 

$19.81

 

Earned and issued

 

(85,629

)

 

 

$19.37

 

Outstanding at December 31, 2014

 

373,072

 

 

 

$19.88