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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2015
Stock-Based Compensation  
Summary of stock option activity

 

Presented below is a summary of our stock option activity for the six months ended June 30, 2015 (in thousands, except for weighted average exercise price and weighted average remaining contractual terms):

 

 

 

Shares

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Terms

 

Aggregate
Intrinsic
Value

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2014

 

4,101

 

$

18.72

 

 

 

 

 

Granted

 

1,254

 

16.78

 

 

 

 

 

Exercised

 

(472

)

7.23

 

 

 

 

 

Forfeited

 

(335

)

22.85

 

 

 

 

 

Expired

 

(272

)

25.74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2015

 

4,276

 

18.65

 

4.97

 

$

7,249

 

 

 

 

 

 

 

 

 

 

 

 

Expected to vest at June 30, 2015

 

2,611

 

19.57

 

6.16

 

489

 

Exercisable at June 30, 2015

 

1,606

 

$

17.13

 

3.00

 

$

6,750

 

 

Schedule of weighted -average assumptions used for estimating fair value of each stock option grant on the date of grant

 

 

 

Six months ended June 30,

 

 

 

2015

 

2014

 

Expected dividend yield

 

 

 

Risk-free interest rate

 

1.65 

%

1.50 

%

Expected volatility

 

38.28 

%

37.27 

%

Expected life

 

4.89 years

 

4.81 years

 

 

Summary of status of restricted stock units

 

A summary of the status of our restricted stock units and of changes in restricted stock units outstanding under the 2006 Stock Plan for the six months ended June 30, 2015 is as follows (in thousands, except for weighted average grant date fair value per unit):

 

 

 

Number
of Units

 

Weighted
Average
Grant Date Fair
Value per Unit

 

Outstanding balance at December 31, 2014

 

910

 

$

22.84

 

Granted

 

660

 

16.75

 

Vesting of restricted stock units, net of shares withheld for taxes

 

(95

)

24.07

 

Shares withheld for taxes

 

(36

)

24.07

 

Forfeitures

 

(107

)

23.92

 

 

 

 

 

 

 

Outstanding balance at June 30, 2015

 

1,332

 

$

19.61