Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The following table summarizes the weighted-average assumptions used to determine the awards grant date fair value:



	Nine Months Ended September 30,
Restricted Shares and Performance Based Shares	2014			2013
Expected quarterly dividends per share	$	0.185		$	0.165
Risk-free interest rate	0.62		%	0.34		%

Market-Based Shares
Dividend yield	2.82		%	2.86		%
Expected volatility	25.11		%	25.11		%
Risk-free interest rate	0.64		%	0.36		%

The following table summarizes activity in stock options and restricted stock awards, including performance-based and market-based shares, for the nine months ended September 30, 2014:



	Stock Option Shares		Weighted- Average Exercise Price		Restricted Stock		Weighted- Average Grant Date Fair Value
Outstanding at beginning of period	1,343,666		$	20.63	315,305		$	17.87
Granted	—		$	—	242,164		$	21.27
Exercised	(287,075	)	$	19.00	(295,423	)	$	16.68
Forfeited	(38,534	)	$	27.59	(515	)	$	24.74
Expired	(17,151	)	$	26.43	—		$	—
Outstanding at end of period	1,000,906		$	20.73	261,531		$	22.31

The following table provides additional information concerning stock options and restricted stock activity, including performance-based and market-based shares:



	Nine Months Ended September 30,
Stock Options	2014		2013
Weighted-average grant date fair value of options granted	$	—	$	—
Total fair value of options that vested (in thousands)	$	—	$	625
Total intrinsic value of options exercised (in thousands)	$	2,199	$	2,466

Restricted Stock
Weighted-average grant date fair value	$	21.27	$	20.03
Total fair value of restricted shares that vested (in thousands)	$	4,929	$	4,395

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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