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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 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

     295,654        152,531   

Forfeited

     (143,209     (77,652

Shares delivered

     (149,475     (283,627
  

 

 

   

 

 

 

Balance at June 30,

     677,493        680,194   
  

 

 

   

 

 

 
Compensation Expense for Stock Option Activity

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

 

     June 30  

In thousands

   2016      2015  

Three months ended

   $ 935       $ 453   

Six months ended

     1,402         820   
Stock Only Stock Appreciation Rights (SOSARs) [Member]  
Summary of Stock Option Activity

The following table sets forth information related to outstanding SOSARS.

 

    2016     2015  

SOSARS

  Shares     Wtd Avg
Exercise
Price
    Shares     Wtd Avg
Exercise
Price
 

Outstanding at January 1,

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

Granted

    743,925        17.54        406,142        24.94   

Exercised

    (53,190     9.91        (58,343     13.52   

Canceled / forfeited

    (108,945     21.81        (3,349     26.53   
 

 

 

     

 

 

   

Outstanding at June 30,

    2,781,532      $ 17.74        2,209,157      $ 17.87   

SOSAR Grants

                       

Weighted average grant date fair value per share

  $ 4.07        $ 7.54     

Aggregate grant date fair value (in thousands)

  $ 3,013        $ 3,063     

Black-Scholes assumptions

       

Dividend yield

    2.85       1.92  

Risk free rate of return

    1.34       1.64  

Volatility

    31.97       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:

 

     June 30  

In thousands

   2016      2015  

Three months ended

   $ 669       $ 680   

Six months ended

     1,401         1,268