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Stock Option Plans and Restricted Stock Awards (Tables)

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Estimated Fair Value of Stock Options

The fair value of each stock option granted in 2016, 2015 and 2014, was estimated on the date of grant using the following weighted-average assumptions.

		For the Year Ended December 31,
		2016				2015				2014
Dividend yield			2.9%				2.5%				2.6%
Volatility			33.1%				47.7%				50.3%
Risk-free interest rate			1.2%				1.5%				1.5%
Expected life			5.6 years				6.1 years				6.3 years
Weighted average grant date fair value		$	3.96			$	5.83			$	5.70

Option Activity under Company's Stock Option Plans

The following table presents option activity under the Company’s stock option plans as of and for the year ended December 31, 2016.

		Number of Stock Options Outstanding				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term				Aggregate Intrinsic Value
		(In thousands)								(In years)				(In thousands)
Outstanding at January 1, 2016			1,288			$	11.00
Granted			122				16.71
Exercised			(483)				10.65
Forfeited or expired			(51)				12.99
Outstanding at December 31, 2016			876			$	11.88				5.06			$	9,684
Vested or expected to vest at December 31, 2016			834			$	11.70				4.90			$	9,369
Exercisable at December 31, 2016			568			$	9.95				3.44			$	7,370

Summary of Status of Company's Non-Vested Restricted Shares

The table below summarizes activity related to the Company’s non-vested restricted shares for the year ended December 31, 2016.

		Shares				Weighted Average Fair Value
		(In thousands)
Nonvested at January 1, 2016			506			$	14.55
Granted			166				16.89
Vested			(152)				14.58
Forfeited			(60)				14.24
Nonvested at December 31, 2016			460			$	15.43

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- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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