XML 42 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
Shared-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Weighted Average Assumptions Relevant to Determining the Fair Value at the Dates of Grant

The weighted average assumptions relevant to determining the fair value of the 2016 stock option grants are below:

 

     2016
Stock Option
Awards
 

Term

     6 years   

Risk free interest rate

     1.43

Dividend yield

     2.48

Expected volatility

     59.23

Expected forfeiture rate

     3.00
Reconciliation of Option Activity

The following table provides a reconciliation of option activity for the nine months ended September 30, 2016:

 

                   Weighted-         
            Weighted-      Average         
            Average      Remaining         
            Exercise      Contractual      Aggregate  

Options

   Shares (000)      Price      Term (years)      Intrinsic Value  

Outstanding at January 1, 2016

     1,034       $ 12.09         

Granted

     167       $ 11.31         

Exercised

     (242    $ 10.54         

Forfeited or expired

     (33    $ 17.38         
  

 

 

    

 

 

       

Outstanding at September 30, 2016

     926       $ 12.16         6.1       $ 6,092 (1)
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable at September 30, 2016

     714       $ 11.54         5.2       $ 1,086 (1)
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) The intrinsic value is the amount by which the market price of our stock was greater than the exercise price of any individual option grant at September 30, 2016.