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Share Based Compensation, 401(k) Plan and Deferred Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Option Activity

Option activity as of December 31, 2015 and changes during the year-ended December 31, 2015 were as follows:

 

 

Shares

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contractual Term (in years)

 

 

Aggregate Intrinsic Value

 

Outstanding at January 1, 2015

 

2,684,795

 

 

$

15.55

 

 

 

4.10

 

 

 

 

 

Exercised

 

(10,728

)

 

$

11.89

 

 

 

 

 

 

$

18,989

 

Forfeited/Expired

 

(50,000

)

 

$

20.61

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2015

 

2,624,067

 

 

$

15.47

 

 

3.12

 

 

-

 

Vested/Exercisable at December 31, 2015

 

2,624,067

 

 

$

15.47

 

 

3.12

 

 

-

 

 

Company's Restricted Share Activity

The following table summarizes the Company’s restricted share activity during the year-ended December 31, 2015:

 

 

Shares

 

 

Weighted Average Grant Date Fair Value

 

 

Aggregate Intrinsic Value

 

Non-vested at January 1, 2015

 

540,066

 

 

$

12.21

 

 

 

 

 

Granted

 

186,791

 

 

 

15.67

 

 

$

2,927,538

 

Vested

 

(219,312

)

 

 

11.78

 

 

$

3,272,381

 

Forfeited

 

(1,398

)

 

 

14.33

 

 

 

 

 

Non-vested at December 31, 2015

 

506,147

 

 

$

14.50

 

 

$

6,913,968

 

 

Schedule of Restricted Performance Share Units Plan

The table below presents certain information as to unvested RPSU awards.

 

 

RPSU Grant

 

 

2/25/2013

 

 

3/11/2014

 

 

3/12/2014

 

 

2/23/2015

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Amounts below in shares, unless otherwise noted)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-vested at January 1, 2015

 

199,577

 

 

 

130,717

 

 

 

61,720

 

 

 

-

 

 

 

392,014

 

   Units Granted

 

-

 

 

 

-

 

 

 

-

 

 

 

186,395

 

 

 

186,395

 

   Units Accelerated for Qualifying Retirement

 

(8,255

)

 

 

(7,562

)

 

 

-

 

 

 

(7,003

)

 

 

(22,820

)

Non-vested at December 31, 2015

 

191,322

 

 

 

123,155

 

 

 

61,720

 

 

 

179,392

 

 

 

555,589

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Measurement Period Commencement Date

1/1/2013

 

 

1/1/2014

 

 

1/1/2014

 

 

1/1/2015

 

 

 

 

 

Measurement Period End Date

12/31/2015

 

 

12/31/2016

 

 

12/31/2016

 

 

12/31/2017

 

 

 

 

 

Units Granted

 

231,093

 

 

 

134,284

 

 

 

61,720

 

 

 

186,395

 

 

 

 

 

Fair Value of Units on Grant Date (in thousands)

$

4,137

 

 

$

2,624

 

 

$

1,225

 

 

$

3,933