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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2016
Stockholders' Equity Note [Abstract] |
Schedule of Dividends Declared and Paid | The table below summarizes the regular quarterly dividends declared and paid during the year ended December 31, 2016:
(In thousands, except per share data) | Per Share |  | Record Date |  | Payment Date |  | Total Paid
First Quarter 2016 | $ | 0.30 |  |  | 04/01/16 |  | 04/15/16 |  | $ | 7,344 |
Second Quarter 2016 | 0.30 |  |  | 06/06/16 |  | 06/17/16 |  | 7,363 |
Third Quarter 2016 | 0.30 |  |  | 08/19/16 |  | 09/02/16 |  | 7,371 |
Fourth Quarter 2016 | 0.50 |  |  | 11/28/16 |  | 12/09/16 |  | 12,359 |
Total 2016 | $ | 1.40 |  |  |  |  |  |  | $ | 34,437 |
Schedule of Stock-Based Compensation | Stock-based compensation resulted in charges to operations as follows for the years ended December 31:
(In thousands) | 2016 |  | 2015 |  | 2014
Stock options | $ | 444 |  |  | $ | 974 |  |  | $ | 1,412 |
Deferred stock units | 7,830 |  |  | 7,023 |  |  | 4,343 |
Restricted stock | 1,770 |  |  | 1,031 |  |  | 910 |
Stock awards | 5,376 |  |  | 5,015 |  |  | 4,152 |
Stock-based compensation expense | $ | 15,420 |  |  | $ | 14,043 |  |  | $ | 10,817 |
Schedule of Stock Options | Transactions in stock options under the Equity Plan are summarized as follows:
| Number of Option Shares | Weighted Average Exercise Price
Outstanding at December 31, 2013 | 723,661 |  | $ | 15.46 |
Exercised | (258,530 | ) | $ | 12.89 |
Forfeited | (11,800 | ) | $ | 16.93 |
Reduction for special cash dividend | — |  | $ | (2.00 | )
Outstanding at December 31, 2014 | 453,331 |  | $ | 16.89 |
Exercised | (214,601 | ) | $ | 14.48 |
Forfeited | (26,700 | ) | $ | 14.30 |
Reduction for special cash dividend | — |  | $ | (2.00 | )
Outstanding at December 31, 2015 | 212,030 |  | $ | 15.38 |
Exercised | (183,600 | ) | $ | 15.10 |
Forfeited | (1,550 | ) | $ | 17.17 |
Outstanding at December 31, 2016 (a) | 26,880 |  | $ | 17.17 |
Exercisable at December 31, 2016 (a) | 26,880 |  | $ | 17.17 |
Schedule Exercise of Stock Options | Additional information for the exercise of stock options is as follows for the years ended December 31:
(In thousands) | 2016 |  | 2015 |  | 2014
Intrinsic value of stock options exercised | $ | 13,204 |  |  | $ | 9,424 |  |  | $ | 7,860 |
Cash receipts from stock options exercised | $ | 2,772 |  |  | $ | 3,280 |  |  | $ | 3,333 |
Income tax benefits from stock option exercises | $ | 4,435 |  |  | $ | 2,885 |  |  | $ | 3,660 |
Grant date fair value of stock options vested | $ | 506 |  |  | $ | 1,055 |  |  | $ | 1,561 |
Schedule of Deferred Stock Units Transactions | Transactions in DSUs and RSUs under the Equity Plan are summarized as follows:
| Number of Shares | Weighted Average Price
Outstanding at December 31, 2013 | 692,961 |  | $ | 30.26 |
Issued | 56,212 |  | $ | 46.08 |
Granted | 187,490 |  | $ | 46.94 |
Dividend equivalents | 27,532 |  | $ | 50.45 |
Forfeited | (38,855 | ) | $ | 29.83 |
Exercised | (187,052 | ) | $ | 29.90 |
Outstanding at December 31, 2014 | 738,288 |  | $ | 36.96 |
Issued | 54,982 |  | $ | 47.51 |
Granted | 90,184 |  | $ | 60.22 |
Dividend equivalents | 20,922 |  | $ | 59.94 |
Forfeited | (23,604 | ) | $ | 44.78 |
Exercised | (353,259 | ) | $ | 32.62 |
Outstanding at December 31, 2015 | 527,513 |  | $ | 44.94 |
Issued | 10,742 |  | $ | 72.01 |
Granted | 173,097 |  | $ | 54.67 |
Dividend equivalents | 9,075 |  | $ | 87.01 |
Forfeited | (10,893 | ) | $ | 48.98 |
Exercised | (203,087 | ) | $ | 43.55 |
Outstanding at December 31, 2016 | 506,447 |  | $ | 50.00 |
Schedule of Restricted Stock Grants | Restricted stock grants, which were all made to directors, were as follows (in thousands except share and per share amounts):
| 2016 |  | 2015 |  | 2014
Granted | 17,439 |  |  | 20,558 |  |  | 19,439 |
Weighted average stock price | $ | 74.55 |  |  | $ | 59.60 |  |  | $ | 46.82 |
Fair value of stock granted | $ | 1,300 |  |  | $ | 1,220 |  |  | $ | 910 |
Schedule of Stock Awards | Transactions in stock awards under the Equity Plan are summarized as follows:
| Number of Shares | Stock Price
Outstanding at December 31, 2013 | 193,602 |  | $ | 30.84 |
Granted | 103,500 |  | $ | 51.20 |
Dividend equivalents | 7,675 |  | $ | 50.45 |
Exercised | (31,959 | ) | $ | 26.88 |
Outstanding at December 31, 2014 | 272,818 |  | $ | 39.03 |
Granted | 96,010 |  | $ | 60.29 |
Dividend equivalents | 8,992 |  | $ | 59.94 |
Forfeited | (16,534 | ) | $ | 60.29 |
Exercised | (98,830 | ) | $ | 29.70 |
Outstanding at December 31, 2015 | 262,456 |  | $ | 49.36 |
Granted | 86,918 |  | $ | 54.47 |
Dividend equivalents | 3,811 |  | $ | 88.04 |
Forfeited | (10,832 | ) | $ | 53.95 |
Exercised | (109,731 | ) | $ | 39.94 |
Outstanding at December 31, 2016 | 232,622 |  | $ | 55.60 |
Schedule of Computation of Basic and Diluted Earnings Per Share | The following reconciliation details the denominator used in the computation of basic and diluted earnings per share for the years ended December 31:
(In thousands) | 2016 |  | 2015 |  | 2014
Weighted average shares outstanding for basic earnings per share | 24,631 |  |  | 24,295 |  |  | 23,911 |
Common stock equivalents pertaining to stock-based awards | 302 |  |  | 355 |  |  | 423 |
Weighted average shares outstanding for diluted earnings per share | 24,933 |  |  | 24,650 |  |  | 24,334 |

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