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Stock Options and Other Equity-Based Incentive Instruments (Tables)
3 Months Ended
Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Option Activity

Stock option activity during the three months ended March 31, 2015 is summarized in the following table:

 

    

Number

of Shares

    

Option Price

per Share

    

Weighted

Average

Exercise

Price

    

Weighted

Average Fair

Value on

Date of Grant

 

Outstanding at December 31, 2014

     1,102,850       $ 12.63         to       $ 25.91       $ 18.25      

Options granted

     —           —           to         —           —           —     

Options exercised

     (47,000    $ 15.34         to       $ 19.46       $ 18.86      

Options forfeited

     —           —           to         —           —        

Outstanding at March 31, 2015

     1,055,850       $ 12.63         to       $ 25.91       $ 18.22      
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 March 31, 2015:

 

    

Currently

Exercisable

    

Currently Not

Exercisable

    

Total

Outstanding

 

Number of options

     772,850         283,000         1,055,850   

Weighted average exercise price

   $ 18.60       $ 17.20       $ 18.22   

Intrinsic value (in thousands)

   $ 4,334       $ 1,962       $ 6,296   

Weighted average remaining contractual term (yrs.)

     4.4         7.3         5.2   
Restricted Stock Unit (RSU) Activity

Restricted stock unit (RSU) activity is summarized in the following table for the dates indicated:

 

     Service Condition Vesting RSUs     Market Plus Service Condition Vesting RSUs  
    

Number

of RSUs

  

Weighted

Average Fair

Value on

Date of Grant

   

Number

of RSUs

  

Weighted

Average Fair

Value on

Date of Grant

 

Outstanding at December 31, 2014

   30,920      15,366   

RSUs granted

   —        —        —        —     

RSUs added through dividend credits

   141      —     

RSUs released

   —        —     

RSUs forfeited/expired

   —        —     

Outstanding at March 31, 2015

   31,061      15,366