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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 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

 

298,832

 

 

 

160,514

 

Forfeited

 

(146,327

)

 

 

(87,567

)

Shares delivered

 

(149,975

)

 

 

(286,857

)

Balance at September 30,

 

677,053

 

 

 

675,032

 

 

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

2016

 

 

2015

 

Three months ended

$

765

 

 

$

395

 

Nine months ended

 

2,167

 

 

 

1,214

 

 

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

 

 

 

423,590

 

 

24.62

 

Exercised

 

(61,190

)

 

 

10.70

 

 

 

(70,347

)

 

 

14.12

 

Canceled / forfeited

 

(143,932

)

 

 

17.87

 

 

 

(17,559

)

 

 

25.24

 

Outstanding at September 30,

 

2,738,545

 

 

$

17.64

 

 

 

2,200,391

 

 

$

17.82

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SOSAR Grants

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average grant date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

fair value per share

$

4.07

 

 

 

 

 

 

$

7.46

 

 

 

 

 

Aggregate grant date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

fair value (in thousands)

$

3,013

 

 

 

 

 

 

$

3,134

 

 

 

 

 

Black-Scholes assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividend yield

 

2.85

%

 

 

 

 

 

 

1.94

%

 

 

 

 

Risk free rate of return

 

1.34

%

 

 

 

 

 

 

1.64

%

 

 

 

 

Volatility

 

31.97

%

 

 

 

 

 

 

36.38

%

 

 

 

 

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

2016

 

 

2015

 

Three months ended

$

650

 

 

$

671

 

Nine months ended

 

2,051

 

 

 

1,940