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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Summarizes Information Related to Restricted Stock

The following table summarizes information related to restricted stock held by the Company’s employees and directors at December 31, 2012:

 

     Shares     Weighted Average
Grant Date
Fair Value per Share
 

Non-vested shares outstanding at December 31, 2010

     240,345      $ 16.16   

Granted

     248,228        30.99   

Vested

     (92,115     16.24   

Forfeited

     (5,180     27.40   
  

 

 

   

 

 

 

Non-vested shares outstanding at December 31, 2011

     391,278      $ 25.40   

Granted

     753,285        29.66   

Vested

     (396,073     26.04   

Forfeited

     (48,066     31.15   
  

 

 

   

 

 

 

Non-vested shares outstanding at December 31, 2012

     700,424      $ 29.22   
  

 

 

   

 

 

 
Summarizes Information Related to Performance Share Units

The following table summarizes information related to PSUs held by the Company’s officers at December 31, 2012:

 

     Initial Unit Awards      Weighted Average
Grant Date
Fair Value per Unit
 

Non-vested PSUs at December 31, 2011

     —         $ —     

Granted

     155,220         26.22   

Vested

     —           —     

Forfeited

     —           —     
  

 

 

    

 

 

 

Non-vested PSUs at December 31, 2012

     155,220       $ 26.22   
  

 

 

    

 

 

 
Summary of Assumptions

The following assumptions were used for the Monte Carlo model to value the stock-based compensation expense of the PSUs granted during 2012:

 

     2012 PSUs  

Forecast period (years)

     4.01   

Risk-free rate

     0.46

Oasis volatility

     51.00