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Stock Options and Other Equity-Based Incentive Instruments (Tables)
6 Months Ended
Jun. 30, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Option Activity

Stock option activity during the six months ended June 30, 2014 is summarized in the following table:

 

                  Weighted      Weighted  
                  Average      Average Fair  
     Number     Option Price      Exercise      Value on  
     of Shares     per Share      Price      Date of Grant  

Outstanding at December 31, 2013

     1,246,370        $12.63 to $25.91       $ 18.04      

Options granted

     —          — to —         —           —     

Options exercised

     (160,020   $ 14.54 to $20.58       $ 17.41      

Options forfeited

     —          — to —         —        

Outstanding at June 30, 2014

     1,086,350        $12.63 to $25.91       $ 18.13      

 

Summary of Options Outstanding

The following table shows the number, weighted-average exercise price, intrinsic value, and weighted average remaining contractual life of options exercisable, options not yet exercisable and total options outstanding as of June 30, 2014:

 

     Currently      Currently
Not
     Total  
     Exercisable      Exercisable      Outstanding  

Number of options

     788,350         298,000         1,086,350   

Weighted average exercise price

   $ 18.78       $ 16.42       $ 18.13   

Intrinsic value (in thousands)

   $ 3,571       $ 2,002       $ 5,573   

Weighted average remaining contractual term (yrs.)

     4.9         7.8         5.7