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Stock Incentive Plans (Tables)

3 Months Ended

Mar. 31, 2014

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

Summary of Restricted Stock Awards

A summary of our restricted stock awards from January 1, 2014 to March 31, 2014 is as follows:

	Number of Shares			Weighted- Average Grant Date Fair Value
Unvested balance at January 1, 2014	583,021			$	9.80
Granted	221,240			12.43
Additional shares from dividends	—			—
Forfeited	—			—
Vested	(270,440	)		10.10
Unvested balance at March 31, 2014	533,821			$	10.74

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair values of the PSU awards are determined using a Monte Carlo simulation performed by a third-party valuation firm. The determination of the grant-date fair values of the awards included the following assumptions:

Award Grant Date		Volatility			Risk-Free Rate			Fair Value at Grant Date
March 3, 2013		39.2	%		0.36	%		$	9.55
May 15, 2013		37.9	%		0.40	%		$	10.41
March 3, 2014		33.5	%		0.66	%		$	12.77

Schedule of Nonvested Performance-based Units Activity

A summary of our PSUs from January 1, 2014 to March 31, 2014 is as follows:

	Number of Units			Weighted- Average Grant Date Fair Value
Unvested balance at January 1, 2014	223,176			$	9.66
Granted	170,321			12.77
Additional units from dividends	1,636			11.60
Unvested balance at March 31, 2014	395,133			$	11.00

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

+ 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)(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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

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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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