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Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2017
Postemployment Benefits [Abstract]  
Information Regarding Activity in Stock Option Plans

Information regarding activity in our stock option plans follows:

 

     Number of
Options
     Weighted-
Average
Exercise Price
Per Share
 

Outstanding at December 31, 2014

     8,183,430      $ 14.69  

Granted - 2015

     1,710,500        13.64  

Exercised - 2015

     (983,370      13.91  

Forfeited - 2015

     (114,967      15.30  

Expired - 2015

     (641      14.00  
  

 

 

    

 

 

 

Outstanding at December 31, 2015

     8,794,952        14.57  

Granted - 2016

     1,417,500        16.44  

Exercised - 2016

     (832,467      13.44  

Forfeited - 2016

     (41,337      14.97  
  

 

 

    

 

 

 

Outstanding at December 31, 2016

     9,338,648        14.95  

Granted - 2017

     943,000        17.58  

Exercised - 2017

     (924,019      14.45  

Forfeited - 2017

     (93,167      15.43  
  

 

 

    

 

 

 

Outstanding at December 31, 2017

     9,264,462      $ 15.26  
  

 

 

    

 

 

 

Exercisable at:

     

December 31, 2015

     5,250,338      $ 14.42  
  

 

 

    

 

 

 

December 31, 2016

     6,347,470      $ 14.77  
  

 

 

    

 

 

 

December 31, 2017

     6,946,677      $ 14.90  
  

 

 

    

 

 

 
Summary of Information about Stock Options Outstanding

The following table summarizes information about stock options outstanding at December 31, 2017:

 

Grant Date

   Exercise Price      Number of
Options
Outstanding
     Weighted-Average
Remaining
Contractual Life
     Number of
Options
Exercisable
 

July 27, 2011

   $ 12.50        1,027,606        4.0 years        1,027,606  

December 20, 2012

     14.50        1,062,319        5.0 years        1,062,319  

December 19, 2013

     15.90        2,102,006        6.0 years        2,102,006  

December 18, 2014

     15.80        1,362,415        7.0 years        1,362,415  

December 17, 2015

     13.64        1,404,174        3.0 years        936,022  

December 15, 2016

     16.48        1,368,942        4.0 years        456,309  

December 21, 2017

     17.60        937,000        5.0 years        —    
     

 

 

       

 

 

 

Total

        9,264,462           6,946,677  
     

 

 

       

 

 

Summary of Plan Activity

A summary of plan activity follows:

 

     Shares Issued  
     Price      Shares  

January 1, 2015

   $ 12.40        17,662  

July 1, 2015

     12.95        20,006  

January 1, 2016

     11.97        18,387  

July 1, 2016

     11.83        22,418  

January 1, 2017

     13.76        18,512  

July 1, 2017

     13.52        25,155