Equity Compensation (Tables)

6 Months Ended

Jun. 30, 2014

Equity Compensation Arrangement by Share-based Payment Award [Abstract]

Schedule of Equity Compensation Expense and Related Income Tax Benefit Recognized

The following table summarizes the equity compensation expense and related income tax benefit recognized in the Consolidated Statements of Income (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Stock options:
Pre-tax compensation expense	$	30	$	66	$	60	$	132
Tax benefit	12		26		24		52
Stock option expense, net of tax	$	18	$	40	$	36	$	80
Restricted awards:
Pre-tax compensation expense	$	1,080	$	1,223	$	2,075	$	2,458
Tax benefit	434		486		835		977
Restricted award expense, net of tax	$	646	$	737	$	1,240	$	1,481
Performance awards:
Pre-tax compensation expense	$	431	$	—	$	717	$	—
Tax benefit	174		—		289		—
Performance award expense, net of tax	$	257	$	—	$	428	$	—

Schedule of Equity Compensation Stock Options Activity

The following table summarizes stock option activity for the six months ended June 30, 2014:

	Number of Options (in thousands)		Weighted Average Exercise Price ($)		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (in thousands)
Outstanding at beginning of period	653		$	17.85
Granted	—		$	—
Exercised	(234	)	$	17.74
Forfeited	(3	)	$	21.15
Expired	—		$	—
Outstanding at end of period	416		$	17.89	3.59	$	3,587
Exercisable at end of period	336		$	17.40	3.02	$	3,057

Schedule of Equity Compensation, Restricted Stock and Restricted Stock Units Activity

The following table summarizes restricted award activity for the six months ended June 30, 2014:

	Number of Restricted Awards (in thousands)		Weighted Average Grant Date Fair Value ($)
Nonvested at beginning of period	698		$	21.04
Granted	10		$	25.26
Vested	(4	)	$	24.85
Forfeited	(2	)	$	23.12
Nonvested at end of period	702		$	21.07

Schedule of Equity Compensation Restricted Stock Valuation Assumptions

The present value of estimated future dividends for the 2014 grants was calculated using the following weighted-average assumptions:

Dividends per share (quarterly amounts)	$	0.05
Risk-free interest rate	1.5		%

Schedule of Equity Compensation Performance Award Activity

The following table summarizes performance award activity for the six months ended June 30, 2014:

	Number of Performance Awards (in thousands)	Weighted Average Grant Date Fair Value ($)
Nonvested at beginning of period	—	$	—
Granted	183	$	25.06
Vested	—	$	—
Forfeited	—	$	—
Nonvested at end of period	183	$	25.06

Schedule of Equity Compensation Performance Shares Valuation Assumptions

The present value of estimated future dividends for the 2014 grant was calculated using the following assumptions:

Dividends per share (quarterly amounts)	$	0.05
Risk-free interest rate	1.5		%