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STOCK INCENTIVE PLANS (Tables)
9 Months Ended
Sep. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Information Concerning Restricted Stock Awards

The following table summarizes certain information concerning restricted stock awards:

 

     Nine Months Ended September 30,  
     2013      2012  
     Awards     Weighted
Average
Grant
Price
     Awards     Weighted
Average
Grant
Price
 

Unvested awards outstanding at beginning of period

     1,913,073      $ 9.17         1,846,115      $ 8.44   

Granted

     344,479        11.04         275,674        12.28   

Net adjustment due to performance

     73,835        10.60         28,181        8.31   

Vested

     (734,129     7.60         (168,361     8.06   

Forfeited

     (37,175     10.40         (166,018     8.53   

Dividend reinvestment

     43,934        11.66         55,349        11.38   
  

 

 

      

 

 

   

Unvested awards outstanding at end of period

     1,604,017        10.26         1,870,940        9.12   
  

 

 

      

 

 

   
Components of Restricted Stock Awards

Compensation. The components of the restricted stock awards as of September 30, 2013 are as follows:

 

     Service-
Based

Awards
     Performance-
Based
Awards
     Total  

Unvested awards

     425,378         1,178,639         1,604,017   

Unrecognized compensation expense

   $ 1,980       $ 3,806       $ 5,786   

Intrinsic value

   $ 5,160       $ 14,297       $ 19,457   

Weighted average remaining life (in years)

     2.24         2.35         2.32   
Summary of Information Concerning Stock Option Awards

The following table summarizes certain information concerning stock option awards:

 

     Nine Months Ended September 30,  
     2013      2012  
     Shares     Weighted
Average
Exercise
Price
     Shares     Weighted
Average
Exercise
Price
 

Options outstanding at beginning of period

     640,050      $ 13.21         586,020      $ 14.93   

Assumed from acquisition

     19,223        7.92         627,808        10.41   

Exercised

     (36,647     8.90         (174,565     8.80   

Forfeited

     (298,150     15.10         (329,477     13.74   
  

 

 

      

 

 

   

Options outstanding and exercisable at end of period

     324,476        11.65         709,786        12.99