Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2015

Summary of Restricted Stock Unit Awards Activity



				Aggregate
		Weighted Average		Intrinsic
	Number	Grant Date		Value
	of Shares	Fair Value		(in thousands)
Granted and Unvested - January 1, 2015	1,056,597	$	26.54	$	25,432
Activity during the six months ended June 30, 2015:
Vested	(365,940)	$	27.18	$	7,896
Granted	321,500	$	23.07	$	6,938
Forfeited	(1,560)	$	28.59	$	—
Total Granted and Unvested - June 30, 2015	1,010,597	$	26.70	$	21,809
Approved for grant	709,500	$	(a)	$	15,311
Total Awarded and Unvested - June 30, 2015	1,720,097	$	n.a.	$	37,120

Grant date fair value cannot be determined currently because the related performance targets for future years have not yet been established by the Compensation Committee.

Vesting Schedule of Outstanding Unvested Restricted Stock Unit Awards



		Number
Vesting Date		of Awards
2015		5,000
2016		302,500
2017		957,597
2018		296,000
2019		159,000
		1,720,097

Summary of Stock Options Activity



		Weighted Average
	Number	Grant Date		Exercise
	of Shares	Fair Value		Price
Granted and Outstanding - January 1, 2015	1,989,000	$	12.75	$	19.63
Activity during the six months ended June 30, 2015:
Granted	259,000	$	12.48	$	16.07
Exercised	—	$	—	$	—
Forfeited	—	$	—	$	—
Total Granted and Outstanding - June 30, 2015	2,248,000	$	11.93	$	19.22
Approved for grant	677,000	$	(a)	$	20.82
Total Awarded and Outstanding - June 30, 2015	2,925,000	$	n/a	$	19.59

Grant date fair value cannot be determined currently because the related performance targets for future years have not yet been established by the Compensation Committee.

Key Assumptions Used in Estimating Grant Date Fair Value of Stock Option Awards



Awarded during		2015			2013			2012
Number of options		100,000			9,000			150,000
Risk-free interest rate		1.46	%		1.77	%		1.15	%
Expected life of options (years)		5.50			5.68			4.06
Expected volatility of underlying stock		45.11	%		43.92	%		45.92	%
Expected quarterly dividends (per share)	$	—		$	—		$	—