XML 37 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2
Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Fair Value of Option Grants

The fair value of option grants are estimated on the grant date using the Black-Scholes option-pricing model with the following weighted-average assumptions for option grants during the periods indicated below.

 

     Six Months Ended
June 30,
 
     2016     2015  

Expected volatility

     46.12     47.18

Expected dividends

     0.00     0.00

Expected term (in years)

     5.75        6.17   

Risk-free rate

     1.39     1.62
Summary of Company's Stock Option Plan Activity

The following table summarizes the stock option activity for the six months ended June 30, 2016:

 

In thousands, except per share amounts    Number of
Shares
     Weighted-Average
Price Per Share
     Weighted-Average
Remaining
Contractual

Life (Years)
     Aggregate
Intrinsic
Value
 

Options outstanding at January 1, 2016

     1,044       $ 13.36         

Granted

     215         16.74         

Exercised

     (45      10.21         

Forfeited

     (4      15.66         

Expired

     —          —          
  

 

 

    

 

 

       

Options outstanding at June 30, 2016

     1,210       $ 14.07         5.7       $ 2,436   
  

 

 

    

 

 

    

 

 

    

 

 

 

Options exercisable at June 30, 2016

     657       $ 11.83         3.4       $ 2,436   
  

 

 

    

 

 

    

 

 

    

 

 

 

Available for grant at June 30, 2016

     205            
  

 

 

          

Summary of Additional Stock Option Information

The following table provides additional stock option information for the periods indicated:

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
In thousands, except per share amounts    2016      2015      2016      2015  

Weighted-average grant date fair value per share

   $ 6.53       $ 6.95       $ 7.42       $ 7.08   

Intrinsic value of options exercised

   $ 22       $ 636       $ 270       $ 894   

Fair value of stock options that vested

   $ 345       $ 411       $ 647       $ 851   
Summary of Restricted Stock Unit Activity

The following table summarizes restricted stock unit activity during the six months ended June 30, 2016:

 

In thousands, except per unit amounts    Units      Weighted-Average
Grant Date
Fair Value
 

Non-vested units, beginning of the year

     124       $ 15.55   

Granted

     73         17.02   

Vested

     —           —    

Forfeited

     (1      15.59   
  

 

 

    

 

 

 

Non-vested units, at June 30, 2016

     196       $ 16.10   
  

 

 

    

 

 

 
Summary of Additional Restricted Stock Unit Information

The following table provides additional restricted stock unit information for the periods indicated:

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2016      2015      2016      2015  

Weighted-average grant date fair value per unit

   $ 14.83       $ 14.75       $ 17.02       $ 14.75   
Summary of Cash Settled Performance Shares Activity

The following table summarizes cash-settled performance unit activity during the six months ended June 30, 2016:

 

In thousands, except per unit amounts    Units      Weighted-Average
Grant Date
Fair Value
 

Non-vested units, beginning of the year

     1,923       $ 1.00   

Granted

     1,252         1.00   

Vested

     —           —    

Forfeited

     (21      1.00   
  

 

 

    

 

 

 

Non-vested units, at June 30, 2016

     3,154       $ 1.00   
  

 

 

    

 

 

 
Summary of Restricted Stock Activity

The following table summarizes restricted stock activity during the six months ended June 30, 2016:

 

In thousands, except per share amounts    Shares      Weighted-Average
Grant Date

Fair Value
 

Non-vested shares, beginning of the year

     23       $ 16.74   

Granted

     37         16.37   

Vested

     (21      16.62   

Forfeited

     —           —     
  

 

 

    

 

 

 

Non-vested shares, at June 30, 2016

     39       $ 16.46   
  

 

 

    

 

 

 
Summary of Additional Restricted Stock Information

The following table provides additional restricted stock information:

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
In thousands, except per share amounts    2016      2015      2016      2015  

Weighted-average grant date fair value per share

   $ 15.89       $ 16.30       $ 16.37       $ 15.29   

Fair value of restricted stock awards that vested

   $ 347       $ 698       $ 347       $ 2,198