XML 54 R40.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Retirement and Share-based Compensation Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Share-based Compensation Expense By Plan | The following table summarizes compensation expense recognized for employees, directors and consultants as a result of share-based compensation:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
| (Dollars in thousands)
ESOP | $ | 2,604 |  |  | $ | 2,486 |  |  | $ | 3,464 |
2009 Employee Incentive Plan | 1,911 |  |  | 1,306 |  |  | 1,294 |
2013 Director Equity and Incentive Plan | 564 |  |  | 603 |  |  | 380 |
2011 Director Stock Option Plan | 49 |  |  | 186 |  |  | 304 |
| $ | 5,128 |  |  | $ | 4,581 |  |  | $ | 5,442 |
Valuation Assumptions of Stock Options Granted | The fair value for each stock option granted to agents during the year ended December 31, 2013 was estimated using a Black-Scholes option valuation model until the grant date, at which time the options are included as permanent equity, with the following assumptions:
| Year Ended December 31,
| 2013
Average risk-free interest rate | 1.21 | %
Dividend yield | 0.7 | %
Average expected life (years) | 3.75 |
Volatility | 31.2 | %
Schedule of Stock Options Outstanding | Changes in the number of stock options outstanding during the years ended December 31, 2015, 2014 and 2013 are as follows:
| Number of Shares |  | Weighted-Average Exercise Price per Share |  | Total Exercise Price
| (Dollars in thousands, except per share data)
Outstanding at January 1, 2013 | 5,732,450 |  |  | $ | 10.35 |  |  | $ | 59,321 |
Granted | 1,210,950 |  |  | 13.13 |  |  | 15,899 |
Canceled | (29,400 | ) |  | 9.96 |  |  | (293 | )
Exercised | (2,937,275 | ) |  | 10.81 |  |  | (31,756 | )
Outstanding at December 31, 2013 | 3,976,725 |  |  | 10.86 |  |  | 43,171 |
Granted | 1,277,650 |  |  | 24.79 |  |  | 31,673 |
Canceled | (35,400 | ) |  | 11.64 |  |  | (412 | )
Exercised | (1,174,800 | ) |  | 11.64 |  |  | (13,672 | )
Outstanding at December 31, 2014 | 4,044,175 |  |  | 15.02 |  |  | 60,760 |
Granted | — |  |  | — |  |  | — |
Canceled | (47,300 | ) |  | 10.54 |  |  | (499 | )
Exercised | (552,884 | ) |  | 14.51 |  |  | (8,021 | )
Outstanding at December 31, 2015 | 3,443,991 |  |  | 15.17 |  |  | $ | 52,240 |
Schedule of Stock Options Outstanding, By Exercise Price Range | The following table summarizes information about stock options outstanding at December 31, 2015:
|  | Stock Options Outstanding |  | Stock Options Vested
Range of Exercise Prices |  | Number of Awards |  | Remaining Life (yrs) |  | Weighted-Average Exercise Price Per Share |  | Number of Awards |  | Remaining Life (yrs) |  | Weighted-Average Exercise Price Per Share
$5.07 - $8.02 |  | 383,500 |  |  | 2.19 |  | $ | 7.33 |  |  | 383,500 |  |  | 2.19 |  | $ | 7.33 |
$9.27 - $11.35 |  | 1,051,525 |  |  | 3.06 |  | 10.23 |  |  | 1,051,525 |  |  | 3.06 |  | 10.23 |
$11.87 - $24.79 |  | 2,008,966 |  |  | 4.25 |  | 19.25 |  |  | 2,008,966 |  |  | 4.25 |  | 19.25 |
$5.07 - $24.79 |  | 3,443,991 |  |  | 3.66 |  | 15.17 |  |  | 3,443,991 |  |  | 3.66 |  | 15.17 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits. + 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 (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration