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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2014
Restricted Stock Units (RSU) and Performance Share Awards (PSAs) [Member]
 
Summary of Stock Option Activity

The following table summarizes RSU and PSA activity during periods indicated:

 

Units

   2014     2013  

Balance at January 1,

     1,001,814        847,679   

Granted

     173,206        210,856   

Forfeited

     (45,355     (40,991

Shares delivered

     (239,394     (113,230
  

 

 

   

 

 

 

Balance at September 30,

     890,271        904,314   
  

 

 

   

 

 

 
Compensation Expense for Stock Option Activity

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

 

     September 30  

In thousands

   2014      2013  

Three months ended

   $ 854       $ 892   

Nine months ended

     1,874         2,216   
Stock Only Stock Appreciation Rights (SOSARs) [Member]
 
Summary of Stock Option Activity

The following table sets forth information related to outstanding SOSARS.

 

     2014      2013  

SOSARS

   Shares     Wtd Avg
Exercise
Price
     Shares     Wtd Avg
Exercise
Price
 

Outstanding at January 1,

     1,977,133      $ 13.91         2,121,454      $ 12.93   

Granted

     281,881        29.22         361,923        18.36   

Exercised

     (26,245     15.67         (435,562     12.63   

Canceled / forfeited

     (29,842     19.36         (73,901     16.25   
  

 

 

      

 

 

   

Outstanding at September 30,

     2,202,927      $ 15.77         1,973,914      $ 13.87   
  

 

 

      

 

 

   

SOSAR Grants

                         

Weighted average grant date fair value per share

   $ 9.81         $ 5.64     

Aggregate grant date fair value (in thousands)

   $ 2,764         $ 2,042     

Black-Scholes assumptions

         

Dividend yield

     1.48        2.18  

Risk free rate of return

     1.74        0.99  

Volatility

     37.59        39.62  

Expected life

     6 yrs           6 yrs     
Compensation Expense for Stock Option Activity

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

 

     September 30  

In thousands

   2014      2013  

Three months ended

   $ 577       $ 398   

Nine months ended

     1,585         1,198