Stock Option Plans and Restricted Stock Awards (Tables)

12 Months Ended

Dec. 31, 2014

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

The fair value of each stock option granted in 2014, 2013, and 2012, was estimated on the date of grant using the following weighted-average assumptions:


	For the Year Ended December 31,
	2014			2013			2012
Dividend yield		2.6	%		2.9	%		2.9	%
Volatility		50.3	%		50.5	%		51.0	%
Risk-free interest rate		1.5	%		1.2	%		1.1	%
Expected life		6.3 years			6.6 years			6.8 years
Weighted average grant date fair value	$	5.70		$	4.68		$	4.44

Option Activity under Company's Stock Option Plans

Option activity under the Company’s stock option plans as of and for the year ended December 31, 2014 was as follows:


	Number of Stock Options Outstanding (In thousands)			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (In years)		Aggregate Intrinsic Value (In thousands)
Outstanding at January 1, 2014		2,106		$	10.61
Granted		169			14.80
Exercised		(512	)		10.79
Forfeited or expired		(75	)		11.83

Outstanding at December 31, 2014		1,688		$	10.92		4.55	$	8,618

Vested or expected to vest at December 31, 2014		1,646		$	10.90		4.48	$	8,431
Exercisable at December 31, 2014		1,317		$	10.41		3.60	$	7,390

Summary of Status of Company's Non-Vested Restricted Shares

Activity related to the Company’s non-vested restricted shares for the year ended December 31, 2013, is presented below:


	Shares (In thousands)			Weighted Average Fair Value
Nonvested at January 1, 2014		311		$	10.87
Granted		400			14.78
Vested		(135	)		10.31
Forfeited		(6	)		11.41

Nonvested at December 31, 2014		570		$	13.81