Stock Options And Restricted Stock (Tables)

12 Months Ended

Dec. 31, 2014

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

Stock Options, Valuation Assumptions

The weighted-average fair value of options granted in 2014 and the weighted-average assumptions used in the Black-Scholes-Merton option pricing model for such grants were as follows:

	2014
Dividend Yield	.3		%
Expected Volatility	31.9		%
Risk-free Interest Rate	1.9		%
Expected Term (in years)	6.2
Weighted-average Fair Value of Stock Options Granted	$	9.61

Summary Information about Stock Options Outstanding

The following table summarizes information about stock options outstanding at December 31, 2014:

	Options Outstanding				Options Exercisable
Range of Exercise Prices	Number Outstanding December 31, 2014	Weighted Average Remaining Contractual Life (in Years)	Weighted Average Exercise Price		Number Exercisable December 31, 2014	Weighted Average Exercise Price
$10.01-15.00	236,250	3.79	$	14.11	236,250	$	14.11
15.01-20.00	112,500	5.15	19.92		52,500	19.92
20.01-25.00	7,521	9.85	24.98		—	—
25.01-30.29	267,243	9.62	28.65		—	—
10.01-30.29	623,514	6.61	21.52		288,750	15.16

Summary of Stock Option Activity

The table below summarizes option activity for the year ended December 31, 2014:

	Options (In Thousands)		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (in Thousands)		Weighted Average Fair Value
Outstanding at January 1, 2014	687		$	15.95
Granted	351		28.82
Exercised	(307	)	15.60
Forfeited/expired	(107	)	26.72
Outstanding at December 31, 2014	624		21.52		6.61	$	5,643	$	8.35
Expected to Vest at December 31, 2014	323		27.27		8.96	1,065		9.81
Exercisable at December 31, 2014	289		15.16		4.04	4,449		6.60

Summary of Restricted Stock Activity

The following table summarizes information about restricted stock activity during 2014:

	Restricted Stock (In Thousands)			Weighted Average Fair Value
Non-vested at January 1, 2014	682			$	25.77
Granted	548			29.11
Vested	(365	)		24.21
Forfeited	(167	)		27.69
Non-vested at December 31, 2014	698		1	28.75

¹ The outstanding non-vested restricted stock as of December 31, 2014 includes 75,000 shares that are subject to performance conditions.

Summary of Performance Share Units

The following table summarizes information about performance share unit activity during 2014:

	Performance Share Units (In Thousands)		Weighted Average Fair Value
Non-vested at January 1, 2014	—		$	—
Granted	167		32.14
Vested	(36	)	32.48
Forfeited/unearned	(20	)	32.22
Non-vested at December 31, 2014	111		32.01