Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of stock-based award activity

The following table summarizes stock-based award activity during the year and also presents stock options outstanding and exercisable as of June 30, 2015 (dollars in millions, except for per share data):

	Number of Shares		Weighted Average Exercise Price Per Share
Outstanding, December 31, 2014	4,671,639		$	5.88
Granted	—		$	—
Exercised	(5,880	)	$	7.36
Forfeited	—		$	—
Expired	(5,457	)	$	6.12
Outstanding, June 30, 2015	4,660,302		$	5.88
Exercisable, June 30, 2015	1,827,403		$	5.76

Schedule of unrecognized compensation cost

Unrecognized stock-based compensation related to outstanding unvested stock options is expected to be recognized in the Company’s statements of income as follows (by fiscal year):

(dollars in thousands)
2015 (period from July 1, through December 31, 2015)	$	844
2016	1,749
2017	1,688
2018	234
2019	32
Total	$	4,547