XML 17 R48.htm IDEA: XBRL DOCUMENT v2.4.1.9
Stock Based Compensation Plan Stock-based Compensation Plan (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
The following table presents a summary of restricted stock transactions for the years indicated:
 
Number of
Shares
 
Weighted Average
Grant Date Fair Value
(Per Share)
Unvested restricted stock, December 31, 2011
1,675,730

 
$
30.53

Granted
226,400

 
23.77

Shares issued by the Company upon vesting
(195,871
)
 
21.69

Forfeited
(7,978
)
 
22.31

Unvested restricted stock, December 31, 2012
1,698,281

 
30.68

Granted
673,900

 
29.06

Shares issued by the Company upon vesting
(819,461
)
 
24.84

Forfeited
(336,196
)
 
48.92

Unvested restricted stock, December 31, 2013
1,216,524

 
28.69

Granted
1,129,805

 
40.37

Shares issued by the Company upon vesting
(1,183,024
)
 
28.53

Forfeited
(54,800
)
 
38.97

Unvested restricted stock, December 31, 2014
1,108,505

 
$
40.37

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block]
The following table summarizes information about outstanding time-based restricted stock awards as of the date indicated:
 
December 31, 2014
 
 
 
Weighted
 
 
 
Weighted
 
 
 
Average
 
Weighted
 
Average
 
Number
 
Grant Date
 
Average
 
Remaining
 
of Shares
 
Fair Value
 
Fair Value(1)
 
Contractual
 
Outstanding
 
(Per Share)
 
(In thousands)
 
Life (Years)
Time-based restricted stock granted in:
 
 
 
 
 
 
 
2013
27,000

 
$
35.08

 
$
1,228

 
1.6
2014
1,081,505

 
$
40.37

 
49,165

 
1.6
Outstanding time-based restricted stock awards
1,108,505

 
$
40.37

 
$
50,393

 
1.6
_________________________
(1)
Determined using the $45.46 closing price of PacWest common stock on December 31, 2014.