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Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Stock Based Compensation [Abstract]  
Schedule Of Assumptions Used

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

Performance Period *

1 Year

 

1 Year

 

3 Year

Stock Price

$

14.26 

 

 

$

25.95 

 

 

$

25.95 

 

Expected Volatilities

 

40.55 

%

 

 

44.30 

%

 

 

40.02 

%

Correlation Coefficients

 

0.259 

 

 

 

0.374 

 

 

 

0.554 

 

Risk Free Rate

 

0.18 

%

 

 

0.10 

%

 

 

0.72 

%

Dividend Yield

 

1.75 

%

 

 

3.85 

%

 

 

3.85 

%

Simulated Fair Value

$

12.27 

 

 

$

23.03 

 

 

$

25.46 

 

Fair Value as a % of Grant

 

86.03 

%

 

 

88.74 

%

 

 

98.10 

%

*  In 2015, the Compensation Committee of the Board of Directors modified the performance period for the 2014 grant. The terms presented in the table above are prior to the modification. See the discussion below for the terms subsequent to the modification and the related effect on compensation expense.

Summary Of RSU Activity And Related Information

 

 

 

 

 

 

 

 

 

 

 

Number of RSUs

 

 

Weighted Average Grant Date Fair Value

Non-vested - December 31, 2014

114,400 

 

$

22.07 

Granted

44,413 

 

 

13.51 

Vested

(37,013)

 

 

18.41 

Forfeited

(76,450)

 

 

18.93 

Non-vested - December 31, 2015

45,350 

 

$

21.97