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Shareholders' Equity and Stock Compensation (Tables)
6 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Summary Of Stock Option Activity
The following table summarizes information about stock option activity for the six months ended June 30, 2014
(in thousands, except per share data)
Six Months Ended June 30, 2014
 
 
 
 
 
Weighted-Avg
 
 
 
Options
 
Weighted-Avg
 
Remaining Contractual
 
Aggregate
 
Outstanding
 
Exercise Price
 
Term (Years)
 
Intrinsic Value
Balance, beginning of period
981

 
$
16.17

 
 
 
 
Granted/Assumed
440

 
$
12.12

 
 
 
 
Exercised
(522
)
 
$
11.92

 
 
 
 
Forfeited/expired
(35
)
 
$
18.90

 
 
 
 
Balance, end of period
864

 
$
16.56

 
4.08
 
$
3,217

Options exercisable, end of period
697

 
$
17.60

 
3.20
 
$
2,268

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following weighted average assumptions were used to determine the fair value of stock options grants as of grant date for the six months ended June 30, 2014:
 
 
 
Six Months Ended
 
June 30,
 
2014
Dividend yield
3.25
%
Expected life (years)
6.79

Expected volatility
31
%
Risk-free rate
0.91
%
Weighted average fair value of options on date of grant
$
3.22

Summary Of Nonvested Restricted Share Activity
The following table summarizes information about nonvested restricted share activity for the six months ended June 30, 2014
 
(in thousands, except per share data)
Six Months Ended June 30, 2014
 
Restricted
 
Weighted
 
Shares
 
Average Grant
 
Outstanding
 
Date Fair Value
Balance, beginning of period
992

 
$
12.79

Granted/Assumed
836

 
$
17.34

Released
(362
)
 
$
12.21

Forfeited/expired
(13
)
 
$
13.17

Balance, end of period
1,453

 
$
15.54

The total number of restricted stock units granted represents the maximum number of restricted stock units eligible to vest based upon the performance and service conditions set forth in the grant agreements.

(in thousands, except per share data)
Six Months Ended June 30, 2014
 
Restricted
 
Weighted
 
Stock Units
 
Average Grant
 
Outstanding
 
Date Fair Value
Balance, beginning of period
95

 
$
10.41

Granted/Assumed
1,024

 
$
18.34

Released
(320
)
 
$
16.58

Forfeited/expired
(29
)
 
$
18.58

Balance, end of period
770

 
$
18.36