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Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2013
Share-based Compensation [Abstract]  
Summary of Stock Option Activity
The following tables summarize the stock option activity (shares in thousands):
 
Year Ended December 31, 2013
 
Options
 
Weighted Average
Exercise Price
 
Weighted Average
Fair Value
Outstanding at beginning of period
1,820

 
$
14.04

 
$
5.91

Granted
—

 
$
—

 
$
—

Exercised
(4
)
 
$
3.87

 
$
1.67

Cancelled or expired
(444
)
 
$
13.93

 
$
5.65

Outstanding at end of period
1,372

 
$
14.10

 
$
6.00

Exercisable at end of period
1,372

 
$
14.10

 
$
6.00

 
 
Year Ended December 31, 2012
 
Options
 
Weighted Average
Exercise Price
 
Weighted Average
Fair Value
Outstanding at beginning of period
2,137

 
$
13.87

 
$
5.84

Granted
—

 
$
—

 
$
—

Exercised
(114
)
 
$
9.76

 
$
4.83

Cancelled or expired
(203
)
 
$
14.68

 
$
5.91

Outstanding at end of period
1,820

 
$
14.04

 
$
5.91

Exercisable at end of period
1,820

 
$
14.04

 
$
5.91

 
Year Ended December 31, 2011
 
Options
 
Weighted Average
Exercise Price
 
Weighted Average
Fair Value
Outstanding at beginning of period
2,816

 
$
13.52

 
$
5.72

Granted
—

 
$
—

 
$
—

Exercised
(647
)
 
$
12.29

 
$
5.31

Cancelled or expired
(32
)
 
$
13.89

 
$
5.86

Outstanding at end of period
2,137

 
$
13.87

 
$
5.84

Exercisable at end of period
2,126

 
$
13.92

 
$
5.87
Summary of Stock Options Outstanding and Exercisable
The following tables summarize information about the stock options outstanding at December 31, 2013 (shares in thousands):
 
Options Outstanding
 
Weighted
Average
Remaining
Contractual Life
(Years)
 
Number of
Options
Outstanding
 
Weighted Average
Exercise Price
 
Weighted Average
Fair Value
Range of exercise prices:
 
 
 
 
 
 
 
$3.87 - $9.37

4.92
 
6

 
$
4.01

 
$
1.72

$9.38 - $13.10
1.48
 
335

 
$
11.92

 
$
5.95

$13.11 - $15.05
3.59
 
995

 
$
14.82

 
$
6.04

$15.06 - $19.42
4.47
 
36

 
$
16.18

 
$
6.07

 
 
 
1,372

 
$
14.10

 
$
6.00

Aggregate intrinsic value (in thousands)
 
 
$
24

 
 
 
 
 
 
  
 
Options Exercisable
 
 
  
 
Number of
Options
Exercisable
 
Weighted Average
Exercise Price
 
Weighted Average
Fair Value
Range of exercise prices:
 
  
 
 
 
 
 
 
$3.87 - $9.37

 
  
 
6

 
$
4.01

 
$
1.72

$9.38 - $13.10
 
  
 
335

 
$
11.92

 
$
5.95

$13.11 - $15.05
 
  
 
995

 
$
14.82

 
$
6.04

$15.06 - $19.42
 
  
 
36

 
$
16.18

 
$
6.07

 
 
  
 
1,372

 
$
14.10

 
$
6.00

Aggregate intrinsic value (in thousands)
 
  
 
$
24

 
 
 
 
Summary of Common Share Awards Issued
The following tables summarize information for the years ended December 31, 2013, 2012 and 2011 about the common share awards that we have issued (shares in thousands):
 
Year Ended December 31, 2013
 
Outstanding
 
Weighted Average
Issuance Price
 
Vested
 
Weighted Average
Issuance Price
Shares at beginning of period
6,160

 
$
8.87

 
4,383

 
$
6.12

Shares issued during period(1)
2,062

 
$
7.59

 
475

 
$
6.92

Previously issued shares vesting during period
—

 
$
—

 
1,094

 
$
12.13

Shares cancelled during period
(386
)
 
$
9.64

 
—

 
$
—

Shares repurchased during period
(416
)
 
$
7.51

 
(416
)
 
$
7.51

Shares at end of period
7,420

 
$
8.55

 
5,536

 
$
7.27


 
Year Ended December 31, 2012
 
Outstanding
 
Weighted Average
Issuance Price
 
Vested
 
Weighted Average
Issuance Price
Shares at beginning of period
5,874

 
$
8.78

 
2,876

 
$
6.27

Shares issued during period(1)
1,106

 
$
13.50

 
153

 
$
10.29

Previously issued shares vesting during period
—

 
$
—

 
1,837

 
$
7.98

Shares cancelled during period
(337
)
 
$
13.13

 
—

 
$
—

Shares repurchased during period
(483
)
 
$
15.42

 
(483
)
 
$
15.42

Shares at end of period
6,160

 
$
8.87

 
4,383

 
$
6.12

 
 
Year Ended December 31, 2011
 
Outstanding
 
Weighted Average
Issuance Price
 
Vested
 
Weighted Average
Issuance Price
Shares at beginning of period
5,027

 
$
7.98

 
1,913

 
$
8.41

Shares issued during period(1)
1,370

 
$
13.43

 
101

 
$
1.18

Previously issued shares vesting during period
—

 
$
—

 
1,246

 
$
5.99

Shares cancelled during period
(139
)
 
$
9.43

 
—

 
$
—

Shares repurchased during period
(384
)
 
$
14.68

 
(384
)
 
$
14.68

Shares at end of period
5,874

 
$
8.78

 
2,876

 
$
6.27

 
(1)
Includes 288,780 shares, 153,063 shares and 99,999 shares of common stock issued to our non-employee directors that vested immediately upon issuance during 2013, 2012 and 2011, respectively.
Summary of Performance Units By Placement
The number of performance units that may be earned by a participant is determined at the end of each performance period based on the relative placement of Key's total stockholder return for that period within the peer group, as follows:
Company Placement for the Performance Period
 
Percentile Ranking in
Peer Group
 
Performance Units Earned as
a Percentage of Target
First
 
100
%
 
200
%
Second
 
91
%
 
180
%
Third
 
82
%
 
160
%
Fourth
 
73
%
 
140
%
Fifth
 
64
%
 
120
%
Sixth
 
55
%
 
100
%
Seventh
 
45
%
 
75
%
Eighth
 
36
%
 
50
%
Ninth
 
27
%
 
25
%
Tenth
 
18
%
 
—
%
Eleventh
 
9
%
 
—
%
Twelfth
 
—
%
 
—
%