v3.3.1.900

Share Compensation and Pension Plans (Tables) | 12 Months Ended
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Dec. 31, 2015
Share-based Compensation [Abstract] |
Key assumptions used in determining the fair value of options granted | The key assumptions used in determining the fair value of options granted in 2015, 2014 and 2013 and a summary of the methodology applied to develop each assumption were as follows:
|  | 2015 |  | 2014 |  | 2013
Assumptions: |  |  |  |  |  |  |
Volatility |  | 37.60 | % |  | 51.40 | % |  | 45.30 – 51.40 | %
Risk-free interest rate |  | 1.55 | % |  | 1.77 | % |  | 0.85 – 1.77 | %
Weighted average expected lives in years |  | 5.5 years |  |  | 6.1 years |  |  | 6.1 years |
Forfeiture rate |  | 2.16 | % |  | 3.45 | % |  | 1.60 – 3.45 | %
Dividend yield rate |  | 4.05 | % |  | 3.46 | % |  | 3.46 – 3.55 | %
Schedule of all options granted, exercised, expired and forfeited under the Plan | The following table shows all options granted, exercised, expired and exchanged under the Plan for the years ended December 31, 2015, 2014 and 2013:
| Number of Share Options |  | Weighted Average Exercise Price |  | Weighted Average Grant-Date Fair Value |  | Weighted Average Remaining Contractual Term |  | Aggregate Intrinsic Value |  | Range of Exercise Prices
Outstanding, December 31, 2012 | 2,795,437 |  |  | $ | 6.70 |  |  |  |  |  | 6.75 years |  | $ | 7,271 |  |  | $3.28 – 10.00
Granted | 49,000 |  |  | $ | 10.61 |  |  | $ | 2.80 |  |  |  |  |  |  |  | $9.99 - 11.22
Exercised | (289,614 | ) |  | $ | 6.13 |  |  |  |  |  |  |  | $ | 1,397 |  |  |
Expired | (691 | ) |  | $ | 7.67 |  |  |  |  |  |  |  |  |  |  |
Forfeited | (114,719 | ) |  | $ | 8.51 |  |  |  |  |  |  |  |  |  |  |
Outstanding, December 31, 2013 | 2,439,413 |  |  | $ | 6.76 |  |  |  |  |  | 5.75 years |  | $ | 10,174 |  |  | $3.28 - 11.22
Granted | 45,000 |  |  | $ | 12.01 |  |  | $ | 4.28 |  |  |  |  |  |  |  | $11.38 - 12.42
Exercised | (120,596 | ) |  | $ | 4.91 |  |  |  |  |  |  |  | $ | 930 |  |  |
Forfeited | (842 | ) |  | $ | 7.74 |  |  |  |  |  |  |  |  |  |  |
Outstanding, December 31, 2014 | 2,362,975 |  |  | $ | 6.95 |  |  |  |  |  | 4.86 years |  | $ | 13,791 |  |  | $3.28 - 12.42
Granted | 24,000 |  |  | $ | 13.98 |  |  | $ | 3.31 |  |  |  |  |  |  | 13.98
Exercised | (456,776 | ) |  | $ | 7.27 |  |  |  |  |  |  |  | $ | 3,521 |  |  |
Expired | (3,442 | ) |  | $ | 8.61 |  |  |  |  |  |  |  |  |  |  |
Forfeited | (558 | ) |  | $ | 9.00 |  |  |  |  |  |  |  |  |  |  |
Outstanding, December 31, 2015 | 1,926,199 |  |  | $ | 6.96 |  |  |  |  |  | 4.15 years |  | $ | 15,306 |  |  | $3.28 - 13.98
Total exercisable at December 31, 2015 | 1,874,855 |  |  | $ | 6.82 |  |  |  |  |  | 3.99 years |  | $ | 15,171 |  |  | $3.28 - 12.42
Schedule of based compensation instrument granted, other than share options | The following schedule shows the summary of activity under the Company's restricted awards:
|  | CEO Non-Performance-Based Restricted Share Units |  | Non-CEO Non-Performance-Based Restricted Shares |  | Performance Based Restricted Share Units 1
|  | Number of Restricted Units |  | Weighted Average Grant-Date Fair Value |  | Number of Restricted Shares |  | Weighted Average Grant-Date Fair Value |  | Number of Restricted Units |  | Weighted Average Grant-Date Fair Value
Non-vested at December 2012 |  | 86,705 |  |  | $ | 8.56 |  |  | — |  |  | $ | — |  |  | 860,506 |  |  | $ | 8.34 |
Awards granted |  | 149,701 |  |  | $ | 10.02 |  |  | 95,590 |  |  | $ | 10.02 |  |  | 359,652 |  |  | $ | 10.02 |
Awards vested |  | (86,705 | ) |  | $ | 8.56 |  |  | — |  |  | $ | — |  |  | — |  |  | $ | — |
Awards forfeited |  | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | (466,296 | ) |  | $ | 8.31 |
Non-vested December 31, 2013 |  | 149,701 |  |  | $ | 10.02 |  |  | 95,590 |  |  | $ | 10.02 |  |  | 753,862 |  |  | $ | 9.21 |
Awards granted |  | 70,298 |  |  | $ | 11.38 |  |  | 38,522 |  |  | $ | 11.38 |  |  | 396,672 |  |  | $ | 11.38 |
Awards vested |  | (73,333 | ) |  | $ | 10.45 |  |  | (47,795 | ) |  | $ | 10.02 |  |  | (100,308 | ) |  | $ | 8.56 |
Awards forfeited |  | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | (242,456 | ) |  | $ | 8.56 |
Non-vested at December 31, 2014 |  | 146,666 |  |  | $ | 10.45 |  |  | 86,317 |  |  | $ | 10.63 |  |  | 807,770 |  |  | $ | 10.51 |
Awards granted |  | 64,795 |  |  | $ | 13.89 |  |  | 38,180 |  |  | $ | 13.94 |  |  | 291,730 |  |  | $ | 13.89 |
Awards vested |  | (73,333 | ) |  | $ | 10.45 |  |  | (67,061 | ) |  | $ | 10.41 |  |  | (188,681 | ) |  | $ | 9.54 |
Awards forfeited |  | — |  |  | $ | — |  |  | (4,284 | ) |  | $ | 11.38 |  |  | (165,337 | ) |  | $ | 10.61 |
Non-vested at December 31, 2015 |  | 138,128 |  |  | $ | 12.07 |  |  | 53,152 |  |  | $ | 13.22 |  |  | 745,482 |  |  | $ | 12.05 |
1) For Performance Shares, the number of shares is stated at the maximum number that can be attained if the performance conditions are met. Forfeitures represent shares forfeited due to vesting below the maximum attainable as a result of the Company not fully meeting the performance conditions.

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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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