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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2014
Stock-Based Compensation [Abstract] |
Stock-based Compensation Expense | Stock-based compensation expense for the years ended December 31, 2014, 2013 and 2012 is as follows (in thousands):
|  | Year Ended December 31,
|  | 2014 |  | 2013 |  | 2012
Stock options |  | $ | 5,044 |  |  | $ | 3,944 |  |  | $ | 3,915 |
Restricted share units |  | 1,515 |  |  | 2,512 |  |  | 4,451 |
Total stock-based compensation expense |  | 6,559 |  |  | 6,456 |  |  | 8,366 |
Tax benefit recognized in the statements of earnings |  | 2,117 |  |  | 2,464 |  |  | 3,022 |
Stock-based compensation expense, net of tax |  | $ | 4,442 |  |  | $ | 3,992 |  |  | $ | 5,344 |
Stock Options Activity | Information with respect to stock option activity related to the Plans follows:
|  | Equity Awards Outstanding |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life |  | Aggregate Intrinsic Value
|  |  |  |  |  |  |  | (In thousands)
Balance outstanding at January 1, 2014 |  | 2,331,157 |  |  | $ | 31.36 |  |  |  |  |
Granted |  | 1,024,057 |  |  | 28.41 |  |  |  |  |
Exercised |  | (211,617 | ) |  | 21.86 |  |  |  |  |
Forfeited |  | (400,884 | ) |  | 32.92 |  |  |  |  |
Expired |  | (116,749 | ) |  | 33.28 |  |  |  |  |
Balance outstanding at December 31, 2014 |  | 2,625,964 |  |  | $ | 30.63 |  |  | 7.25 years |  | $ | 16,045 |
Exercisable at December 31, 2014 |  | 1,017,677 |  |  | $ | 29.12 |  |  | 5.21 years |  | $ | 7,750 |
Assumptions Used in Fair Value Calculation of Stock Options | During the year ended December 31, 2014 and 2013, the weighted average fair values of the options granted under the Plans were calculated using the Black-Scholes method. During the year ended December 31, 2012, the weighted average fair values of options granted were calculated using the binomial method. The weighted average grant date fair value and weighted average assumptions used in the option pricing models are as follows:
|  | Year Ended December 31,
|  | 2014 |  | 2013 |  | 2012
Weighted average grant date fair value |  | $ | 6.49 |  |  | $ | 9.27 |  |  | $ | 10.08 |
Weighted average risk free interest rate |  | 1.54 | % |  | 0.88 | % |  | 0.35 | %
Weighted average expected dividend yield |  | 3.28 | % |  | 2.34 | % |  | 1.74 | %
Weighted average expected volatility |  | 34.77 | % |  | 37.88 | % |  | 39.72 | %
Weighted average expected life (in years) |  | 5.00 |  |  | 4.43 |  |  | 6.25 |
Nonvested Restricted Stock Units Activity | Information with respect to non-vested restricted stock unit activity follows:
|  | Restricted Awards Outstanding |  | Weighted Average Grant Date Fair Value
Balance outstanding at January 1, 2014 |  | 516,672 |  |  | $ | 32.69 |
Granted |  | 375,834 |  |  | 23.16 |
Vested |  | (73,524 | ) |  | 28.95 |
Forfeited |  | (183,409 | ) |  | 29.02 |
Balance outstanding at December 31, 2014 |  | 635,573 |  |  | $ | 28.53 |

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- Definition Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits. + 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 (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock 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 + Details
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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 + Details
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- Definition 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 + Details
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