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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2013
Restricted Stock Units and Performance Share Awards [Member]
 
Summary of Stock Option Activity

The following table summarizes RSU and PSA activity during the first nine months of 2013 and 2012:

 

Units

   2013     2012  

Balance January 1,

     847,679        788,088   

Granted

     210,856        207,728   

Forfeited

     (40,991     (29,825

Shares delivered

     (113,230     (95,430
  

 

 

   

 

 

 

Balance September 30,

     904,314        870,561   
  

 

 

   

 

 

 
Compensation Expense for the Periods

The following table sets forth aggregate RSU and PSA compensation expense for the periods indicated:

 

     September 30  

Dollars in thousands

   2013      2012  

Three months ended

   $ 892       $ 680   

Nine months ended

   $ 2,216         1,959   
SOSARs [Member]
 
Summary of Stock Option Activity

The following table sets forth information related to outstanding SOSARS.

 

     2013      2012  

SOSARS

   Shares     Wtd Avg
Exercise
Price
     Shares     Wtd Avg
Exercise
Price
 

Outstanding at January 1,

     2,121,454      $ 12.93         2,298,288      $ 12.35   

Granted

     361,923        18.36         364,114        15.23   

Exercised

     (435,562     12.63         (500,074     12.06   

Canceled / forfeited

     (73,901     16.25         (12,000     14.96   
  

 

 

      

 

 

   

Outstanding at September 30,

     1,973,914      $ 13.87         2,150,328      $ 12.94   

SOSAR Grants

                         

Weighted average grant date fair value per share

   $ 5.64         $ 4.94     

Aggregate grant date fair value (in thousands)

   $ 2,042         $ 1,797     

Black-Scholes assumptions

         

Dividend yield

     2.18        2.31  

Risk free rate of return

     0.99        1.02  

Volatility

     39.62        41.48  

Expected life

     6 yrs           6 yrs     
         
Compensation Expense for the Periods

The following table sets forth SOSAR compensation expense for the periods indicated:

 

     September 30  

In thousands

   2013      2012  

Three months ended

   $ 398       $ 369   

Nine months ended

     1,198         1,095