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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Schedule of Dividend Declared

During 2015, 2014 and 2013, our Board declared the following quarterly cash dividends on our common stock:

 

Dividend

Per Share

 

Record Date

 

Payment Date

$0.066

 

December 16, 2015

 

December 30, 2015

$0.066

 

September 18, 2015

 

September 30, 2015

$0.066

 

June 12, 2015

 

June 26, 2015

$0.066

 

March 19, 2015

 

March 31, 2015

$0.060

 

December 19, 2014

 

December 30, 2014

$0.060

 

September 16, 2014

 

September 30, 2014

$0.060

 

June 13, 2014

 

June 27, 2014

$0.050

 

March 19, 2014

 

March 31, 2014

$0.050

 

December 17, 2013

 

December 31, 2013

$0.050

 

September 16,  2013

 

September 30, 2013

$0.050

 

June 14, 2013

 

June 28, 2013

$0.050

 

March  18, 2013

 

March 28, 2013

 

Summary of Stock Option

Information related to all stock options under the 2007 Plan and 1997 Plan for the years ended December 31, 2015, 2014 and 2013 is shown in the tables below:

 

(Shares in thousands)

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term

 

Aggregate

Intrinsic

Value

($000)

 

Outstanding at December 31, 2014

 

 

1,727

 

 

$

10.12

 

 

7.3 years

 

 

 

 

Granted

 

 

286

 

 

 

11.55

 

 

 

 

 

 

 

Forfeitures

 

 

(106

)

 

 

12.31

 

 

 

 

 

 

 

Exercised

 

 

(30

)

 

 

4.47

 

 

 

 

 

 

 

Outstanding at December 31, 2015

 

 

1,877

 

 

 

10.30

 

 

6.8 years

 

$

1,769

 

Exercisable at December 31, 2015

 

 

977

 

 

 

8.48

 

 

5.4 years

 

$

1,765

 

 

(Shares in thousands)

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term

 

Aggregate

Intrinsic

Value

($000)

 

Outstanding at December 31, 2013

 

 

1,807

 

 

$

9.05

 

 

7.7 years

 

 

 

 

Granted

 

 

280

 

 

 

13.78

 

 

 

 

 

 

 

Forfeitures

 

 

(121

)

 

 

12.45

 

 

 

 

 

 

 

Exercised

 

 

(239

)

 

 

5.18

 

 

 

 

 

 

 

Outstanding at December 31, 2014

 

 

1,727

 

 

 

10.12

 

 

7.3 years

 

$

9,390

 

Exercisable at December 31, 2014

 

 

655

 

 

 

5.02

 

 

5.8 years

 

$

5,332

 

 

(Shares in thousands)

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term

 

Aggregate

Intrinsic

Value

($000)

 

Outstanding at December 31, 2012

 

 

1,244

 

 

$

5.18

 

 

6.8 years

 

 

 

 

Granted

 

 

923

 

 

 

12.72

 

 

 

 

 

 

 

Forfeitures

 

 

(44

)

 

 

9.83

 

 

 

 

 

 

 

Exercised

 

 

(316

)

 

 

4.41

 

 

 

 

 

 

 

Outstanding at December 31, 2013

 

 

1,807

 

 

 

9.05

 

 

7.7 years

 

$

12,830

 

Exercisable at December 31, 2013

 

 

557

 

 

 

5.76

 

 

5.2 years

 

$

5,786

 

 

Summary of Restricted Stock Awards

Information related to all restricted stock awards under the 2007 Plan for the years ended December 31, 2015 and 2014 is shown in the table below. No restricted stock awards were outstanding during the years ended December 31, 2013 and 2012. The fair value of restricted stock awards is based on the price of the stock in the open market on the date of grant. The fair value of the restricted stock awards is recorded as compensation expense on a straight-line basis over the vesting periods of the awards adjusted for the Company’s estimate of pre-vesting forfeitures. The pre-vesting forfeiture estimate is based on historical activity and is reviewed periodically and updated as necessary.

 

(Shares in thousands)

 

Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

Nonvested at December 31, 2014

 

 

6

 

 

$

14.41

 

Granted

 

 

323

 

 

 

9.48

 

Vested

 

 

(2

)

 

 

14.41

 

Forfeited

 

 

(5

)

 

 

9.44

 

Nonvested at December 31, 2015

 

 

322

 

 

 

9.55

 

 

(Shares in thousands)

 

Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

Nonvested at December 31, 2013

 

 

 

 

$

 

Granted

 

 

6

 

 

 

14.41

 

Vested

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

Nonvested at December 31, 2014

 

 

6

 

 

 

14.41