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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2017
Restricted Stock Units (RSU) and Performance Share Awards (PSAs) [Member]  
Summary of Share Based Compensation Activity

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

 

Units

2017

 

 

 

2016

 

Balance at January 1,

 

679,038

 

 

 

 

674,523

 

Granted

 

370,458

 

 

 

 

298,832

 

Forfeited

 

(93,045

)

 

 

 

(146,327

)

Shares delivered

 

(26,352

)

 

 

 

(149,975

)

Balance at September 30,

 

930,099

 

 

 

 

677,053

 

 

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

2017

 

 

 

2016

 

Three months ended

$

1,658

 

 

 

$

765

 

Nine months ended

 

3,746

 

 

 

 

2,167

 

 

Stock Only Stock Appreciation Rights (SOSARs) [Member]  
Summary of Share Based Compensation Activity

No SOSARs were granted in 2017.  The following table sets forth information related to outstanding SOSARS for the nine months ended September 30, 2017 and 2016;

 

 

2017

 

 

2016

 

SOSARS

Shares

 

 

 

Wtd Avg

Exercise

Price

 

 

Shares

 

 

Wtd Avg

Exercise

Price

 

Outstanding at January 1,

 

2,736,616

 

 

 

$

17.64

 

 

 

2,199,742

 

 

$

17.82

 

Granted

 

 

 

 

 

 

 

 

743,925

 

 

17.54

 

Exercised

 

(33,050

)

 

 

 

14.65

 

 

 

(61,190

)

 

 

10.70

 

Canceled / forfeited

 

(17,630

)

 

 

 

18.46

 

 

 

(143,932

)

 

 

17.87

 

Outstanding at September 30,

 

2,685,936

 

 

 

$

17.67

 

 

 

2,738,545

 

 

$

17.64

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SOSAR Grants

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average grant date

   fair value per share

$

-

 

 

 

 

 

 

 

$

4.07

 

 

 

 

 

Aggregate grant date

   fair value (in thousands)

$

-

 

 

 

 

 

 

 

$

3,013

 

 

 

 

 

Black-Scholes assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividend yield

 

-

 

 

 

 

 

 

 

 

2.85

%

 

 

 

 

Risk free rate of return

 

-

 

 

 

 

 

 

 

 

1.34

%

 

 

 

 

Volatility

 

-

 

 

 

 

 

 

 

 

31.97

%

 

 

 

 

Expected life

-

 

 

 

 

 

 

 

6 yrs

 

 

 

 

 

 

Compensation Expense for Stock Option Activity

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

 

 

September 30

 

In thousands

2017

 

 

 

2016

 

Three months ended

$

254

 

 

 

$

650

 

Nine months ended

 

1,122

 

 

 

 

2,051