XML 37 R30.htm IDEA: XBRL DOCUMENT v3.2.0.727
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Company's Stock Option Plan Activity

A summary of the stock option activity for the three and six months ended June 30, 2015 and 2014 is as follows (option amounts not in thousands):

 

     Number of
Options
     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term
     Aggregate
Intrinsic
Value
 

Outstanding at January 1, 2015

     230,000       $ 3.00         3.0 years       $ 9,256   

Outstanding at March 31, 2015

     230,000       $ 3.00         2.8 years       $ 9,861   
  

 

 

          

Exercised

     (80,000    $ 2.50         
  

 

 

          

Outstanding at June 30, 2015

     150,000       $ 3.26         2.9 years       $ 6,142   
  

 

 

          

Exercisable at June 30, 2015

     150,000       $ 3.26         2.9 years       $ 6,142   
  

 

 

          

Outstanding at January 1, 2014

     280,000       $ 2.91         3.9 years       $ 14,166   

Exercised

     (50,000    $ 2.50         
  

 

 

          

Outstanding at March 31, 2014

     230,000       $ 3.00         3.8 years       $ 7,683   
  

 

 

          

Outstanding at June 30, 2014

     230,000       $ 3.00         3.5 years       $ 8,649   
  

 

 

          

Exercisable at June 30, 2014

     230,000       $ 3.00         3.5 years       $ 8,649   
  

 

 

          
Information about Options Exercised

The following table summarizes information about options exercised for the three and six months ended June 30, 2015 and 2014 (option amounts not in thousands):

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2015      2014      2015      2014  

Options exercised

     80,000         —           80,000         50,000   

Total intrinsic value of exercised options

   $ 3,188         —         $ 3,188       $ 1,970   

Fair value of vested stock options

   $ —         $ 17       $ —         $ 17   

Tax benefits realized

   $ 1,192         —         $ 1,192       $ 603   
Information with Respect to Unvested Restricted Stock Awards Stock Option and Incentive Plan

Information with respect to the activity of unvested restricted stock awards during the three and six months ended June 30, 2015 and 2014 is as follows (share amounts not in thousands):

 

     Number of
Restricted
Stock
Awards
     Weighted
Average
Grant Date
Fair Value
 

Nonvested at January 1, 2015

     639,705       $ 28.33   

Vested

     (41,695    $ 36.15   

Forfeited

     (1,088    $ 48.42   
  

 

 

    

Nonvested at March 31, 2015

     596,922       $ 27.75   
  

 

 

    

Granted

     83,260       $ 44.46   

Vested

     (16,000    $ 13.48   

Forfeited

     (33,324    $ 23.20   
  

 

 

    

Nonvested at June 30, 2015

     630,858       $ 30.55   
  

 

 

    

Nonvested at January 1, 2014

     735,650       $ 25.48   

Granted

     98,720       $ 48.42   

Vested

     (21,825    $ 21.56   

Forfeited

     (505    $ 32.20   
  

 

 

    

Nonvested at March 31, 2014

     812,040       $ 28.37   
  

 

 

    

Vested

     (32,000    $ 12.95   

Forfeited

     (2,825    $ 43.43   
  

 

 

    

Nonvested at June 30, 2014

     777,215       $ 28.95   
  

 

 

    
Information about Deferred Tax Benefits Recognized Related to Restricted Stock Awards, Paid Dividends and the Fair Value of Vested Restricted Stock

The following table summarizes information about deferred tax benefits recognized and tax benefits realized related to restricted stock awards and related paid dividends, and the fair value of vested restricted stock for the three and six months ended June 30, 2015 and 2014:

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2015      2014      2015      2014  

Deferred tax benefits recognized

   $ 532       $ 866       $ 1,076       $ 1,669   

Tax benefits realized for restricted stock and paid dividends

   $ 240       $ 389       $ 499       $ 701   

Fair value of vested restricted stock

   $ 216       $ 414       $ 1,723       $ 885