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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2016
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

   2016     2015  

Balance at January 1,

     674,523        888,942   

Granted

     220,105        119,882   

Cancelled/forfeited

     (116,640     (67,179

Shares delivered

     (126,914     (178,467
  

 

 

   

 

 

 

Balance at March 31,

     651,074        763,178   
  

 

 

   

 

 

 
Compensation Expense for Stock Option Activity

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

 

     March 31  

In thousands

   2016      2015  

Three months ended

   $ 467       $ 367   
Stock Only Stock Appreciation Rights (SOSARs) [Member]  
Summary of Stock Option Activity

The following table sets forth information related to outstanding SOSARS.

 

    2016     2015  
    Shares     Wtd Avg
Exercise
Price
    Shares     Wtd Avg
Exercise
Price
 

SOSARS

       

Outstanding at January 1,

    2,199,742      $ 17.82        1,864,707      $ 16.20   

Granted

    724,914        17.47        406,142        24.94   

Exercised

    —          —          (58,343     13.52   

Canceled / forfeited

    (24,712     26.90        —          —     
 

 

 

     

 

 

   

Outstanding at March 31,

    2,899,944      $ 17.65        2,212,506      $ 17.88   

SOSAR Grants

       

Weighted average grant date fair value per share

  $ 4.04        $ 7.54     

Aggregate grant date fair value (in thousands)

  $ 2,919        $ 3,063     

Black-Scholes assumptions

       

Dividend yield

    2.87       1.92  

Risk free rate of return

    1.34       1.64  

Volatility

    32.01       36.48  

Expected life

    6 yrs          6 yrs     

Compensation Expense for Stock Option Activity

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

 

     March 31  

In thousands

   2016      2015  

Three months ended

   $ 732       $ 589