Annual report pursuant to Section 13 and 15(d)

Stock Based Compensation (Tables)

v2.4.0.8
Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Share-based Compensation [Abstract]  
Schedule Of Stock-Based Compensation Expense
Total compensation expense recognized in the consolidated financial statements for the three years ended December 31, 2013 for all share based awards, was as follows (in thousands):
 
Year Ended December 31,
 
2013
 
2012
 
2011
Stock-based compensation expense
$
6,246

 
$
5,856

 
$
5,597

Schedule of Restricted Share Awards [Table Text Block]
Restricted Share Awards
The activity for the three years ended December 31, 2013 related to our restricted share awards, excluding those subject to market conditions, was as follows:
 
Year Ended December 31,
 
2013
 
2012
 
2011
 
Shares
 
Wtd Avg Grant Fair Value
 
Shares
 
Wtd Avg Grant Fair Value
 
Shares
 
Wtd Avg Grant Fair Value
Vested at January 1
864,288

 
$
29.65

 
652,803

 
$
30.06

 
490,832

 
$
30.20

Unvested at January 1
149,803

 
27.37

 
331,003

 
28.39

 
193,339

 
27.71

Granted
141,609

 
26.30

 
36,884

 
26.40

 
303,168

 
29.48

Vested during year
(158,657
)
 
26.66

 
(211,485
)
 
28.39

 
(161,971
)
 
29.80

Forfeited
(2,940
)
 
27.80

 
(6,599
)
 
27.61

 
(3,533
)
 
28.10

Unvested at December 31
129,815

 
27.06

 
149,803

 
27.37

 
331,003

 
28.39

Vested at December 31
1,022,945

 
29.19

 
864,288

 
29.65

 
652,803

 
30.06

Fair Value of Share Grants Vested
The total fair value of share grants vested for the years ended December 31, 2013, 2012 and 2011 was $3.8 million, $5.6 million and $4.9 million, respectively.
Performance Share Units with Market Conditions [Table Text Block]
Stock based awards with market conditions under the LTIP were granted in February 2011 with fair market values, as determined using a Monte Carlo simulation, as follows (in thousands):
 
Grant Date Fair Value
 
Restricted
 
Unrestricted
Relative TSR
$
1,066

 
$
1,066

Absolute TSR
365

 
365

Schedule Of Unamortized Value Of Awards With Market Conditions [Table Text Block]
The unamortized value of these awards with market conditions as of December 31, 2013 and 2012 was as follows (in thousands):
 
December 31,
 
2013
 
2012
 
Restricted
 
Unrestricted
 
Restricted
 
Unrestricted
Relative TSR
$
162

 
$

 
$
501

 
$
338

Absolute TSR
55

 

 
172

 
116

Schedule of Share-based Compensation, Stock Options, Activity
The previously issued and currently outstanding and exercisable stock options for the three years ended December 31, 2013 was as follows:
 
Year Ended December 31,
 
2013
 
2012
 
2011
 
Shares
 
Wtd Avg
Ex Price
 
Shares
 
Wtd Avg
Ex Price
 
Shares
 
Wtd Avg
Ex Price
Outstanding at January 1
38,119

 
$
30.48

 
89,106

 
$
27.69

 
145,950

 
$
26.74

Granted

 

 

 

 

 

Exercised

 

 
(44,987
)
 
25.61

 
(51,081
)
 
25.29

Expired/Forfeited
(28,119
)
 
29.55

 
(6,000
)
 
25.61

 
(5,763
)
 
24.85

Outstanding at December 31
10,000

 
33.09

 
38,119

 
30.48

 
89,106

 
27.69

Exercisable at December 31
10,000

 
33.09

 
38,119

 
30.48

 
89,106

 
27.69