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Share-Based Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of share-based compensation costs
The following table summarizes our share-based compensation expense attributable to stock options and restricted shares:
 
For the Three Months Ended
March 31,
 
2017
 
2016
 
(In thousands)
Share-based compensation expense
$
1,053

 
$
805

Summary of all common stock option activity
The following table summarizes our stock option activity for the three months ended March 31, 2017:
 
Number of
Shares
(In thousands)
 
Weighted- Average
Exercise Price
Per Share
 
Weighted- Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
(In thousands)
Outstanding at December 31, 2016
2,443

 
$
6.93

 
 
 
 

Granted
2,735

 
9.86

 
 
 
 

Exercised
(27
)
 
5.49

 
 
 
 

Forfeited or expired

 

 
 
 
 

Outstanding at March 31, 2017
5,151

 
$
8.49

 
7.96
 
$
15,973

Fully vested at March 31, 2017 and expected to vest thereafter
4,962

 
$
8.45

 
7.89
 
$
15,580

Exercisable at March 31, 2017
1,671

 
$
7.30

 
4.61
 
$
7,190

Assumptions used in valuing the weighted average fair values of the options granted
 
For the Three Months Ended
March 31,
 
2017
 
2016
Expected life (in years)
5.6

 
6.0

Risk-free interest rate
1.9
%
 
1.5
%
Volatility
43
%
 
44
%
Dividend yield

 

Weighted-average grant date fair value per option granted
$
4.16

 
$
2.02

Restricted share activity
The following table summarizes our restricted share activity for the three months ended March 31, 2017:
 
Number of
Shares
(In thousands)
 
Weighted-
Average
Grant Date
Fair Value
(Per share)
Non-vested at December 31, 2016
145

 
$
5.02

Awards granted
200

 
9.86

Awards vested
(47
)
 
4.50

Awards forfeited

 

Non-vested at March 31, 2017
298

 
$
8.35