Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2013

Stock-Based Compensation

Summary of Restricted Stock Awards Activity

					Aggregate
			Weighted Average		Intrinsic
	Number		Grant Date		Value
	of Shares		Fair Value		(in thousands)
Granted and Unvested - January 1, 2013	1,141,666		$	18.12	$	15,641
Vested	(514,999	)	$	20.72	$	9,560
Granted	196,668		$	19.27	$	4,193
Forfeited	(66,667	)	$	14.23	—
Total Granted and Unvested	756,668		$	16.99	$	16,132
Approved for grant	852,500		(a)		$	18,175
Total Awarded and Unvested - September 30, 2013	1,609,168		n.a.		$	34,307

(a) 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 Awards

	Number
Vesting Date	of Awards
2013	185,000
2014	546,668
2015	187,500
2016	202,500
2017	442,500
2018	36,000
2019	9,000
Total	1,609,168

Summary of Stock Options Activity

			Weighted Average
	Number		Grant Date		Exercise
	of Shares		Fair Value		Price
Total Granted and Outstanding - January 1, 2013	1,315,465		$	9.72	$	18.91
Granted	150,000		$	6.93	$	20.33
Exercised	(40,465	)	$	6.18	$	13.77
Forfeited	(50,000	)	$	7.25	—
Total Granted and Outstanding	1,375,000		$	9.61	$	19.45
Approved for grant	725,000		(a)		$	11.61
Total Awarded and Outstanding - September 30, 2013	2,100,000		n.a.		$	16.75

(a) 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

Risk-free interest rate	0.48	%
Expected life of options	3.6 years
Expected volatility of underlying stock	51.00	%
Expected quarterly dividends (per share)	$0.00