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Stock Option Plans and Restricted Stock Awards (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Estimated Fair Value of Stock Options

The fair value of each stock option granted in 2013, 2012, and 2011 was estimated on the date of grant using the following weighted-average assumptions:

 

     For the Year Ended December 31,  
     2013     2012     2011  

Dividend yield

     2.9     2.9     3.8

Volatility

     50.5     51.0     50.3

Risk-free interest rate

     1.2     1.1     1.3

Expected life

     6.6 years        6.8 years        7.0 years   

Weighted average grant date fair value

   $ 4.68      $ 4.44      $ 3.07   
Option Activity under Company's Stock Option Plans

Option activity under the Company’s stock option plans as of and for the year ended December 31, 2013 was as follows:

 

     Number of
Stock
Options
Outstanding
(In thousands)
    Weighted
Average
Exercise Price
     Weighted
Average
Remaining
Contractual
Term

(In years)
     Aggregate
Intrinsic Value

(In thousands)
 

Outstanding at January 1, 2013

     2,604        $ 10.66         

Granted

     45        12.39         

Exercised

     (428     10.55         

Forfeited or expired

     (115     12.60         
  

 

 

   

 

 

       

Outstanding at December 31, 2013

                 2,106        $         10.61                       4.63         $         13,607   
  

 

 

   

 

 

       

Vested or expected to vest at December 31, 2013

     2,033        $ 10.62         4.53         $ 13,112   

Exercisable at December 31, 2013

     1,635        $ 10.78         3.88         $ 10,286   
Summary of Status of Company's Non-Vested Restricted Shares

Activity related to the Company’s non-vested restricted shares for the year ended December 31, 2013, is presented below:

 

     Shares
(In thousands)
    Weighted
Average Fair
Value
 

Nonvested at January 1, 2013

     330      $ 9.57   

Granted

     100        13.25   

Vested

     (115     9.20   

Forfeited

     (4     11.65   
  

 

 

   

 

 

 

Nonvested at December 31, 2013

     311      $ 10.87