Stock Compensation

3 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

(6)

STOCK COMPENSATION

For share-based awards the Company recognized compensation expense based on the grant date fair value. Share-based compensation expense was $4.4 million and $1.3 million for the three months ended March 31, 2015 and 2014, respectively.

A summary of the status and changes of our nonvested shares related to the Company’s Equity Incentive Plans as of and for the three months ended March 31, 2015 is presented below:


	Shares			Weighted Average Grant-Date Fair Value
Nonvested at December 31, 2014		1,263,833		$	43.38
Granted		7,500			68.01
Vested		(130,000	)		27.54
Cancelled		0			—

Nonvested at March 31, 2015		1,141,333			45.35

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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