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Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2013
Accounting Policies [Abstract]  
Stock Options Outstanding

The following table provides information about our stock options outstanding for the three months ended June 30, 2013 and 2012:

 

     June 30, 2013      June 30, 2012  
           Weighted-            Weighted-  
           Average            Average  
     Shares     Exercise
Price
     Shares     Exercise
Price
 

Stock Options:

         

Outstanding at beginning of period

     435,804     $ 44.19        447,901     $ 43.41  

Granted (1)

     400,000       49.52        55,477       38.93  

Exercised

     (13,647     37.79        (2,059     27.49  
  

 

 

      

 

 

   

Forfeited

     (13,081     47.50        (2,075     69.00  

Outstanding at end of period

     809,076       46.88        499,244       42.87  

Exercisable at end of period

     198,647     $ 44.57        334,430     $ 44.93  

Weighted-average fair value of awards granted

   $ 14.93        $ 12.57    

 

(1) Options granted in the second quarter of 2013 are more than were granted in the second quarter of 2012 due to additional one-time awards being granted under the 2013 Plan and the WSFS Financial Corporation Non-Plan Stock Option agreement. Both plans were approved by shareholders at the 2013 Annual Meeting of Stockholders on April 25, 2013.

The following table provides information about our stock options outstanding for the six months ended June 30, 2013, and 2012:

 

     June 30, 2013      June 30, 2012  
           Weighted-            Weighted-  
           Average            Average  
     Shares     Exercise
Price
     Shares     Exercise
Price
 

Stock Options:

         

Outstanding at beginning of period

     335,730     $ 42.14        416,886     $ 43.52  

Granted

     522,357       49.09        88,307       39.66  

Exercised

     (35,930     33.80        (3,874     26.29  

Forfeited

     (13,081     47.50        (2,075     69.00  
  

 

 

      

 

 

   

Outstanding at end of period

     809,076       46.88        499,244       42.87  

Exercisable at end of period

     198,647     $ 44.57        334,430     $ 44.93  

Weighted-average fair value of awards granted

   $ 13.94        $ 12.50    
Schedule of Vesting Information Stock Options Outstanding

The following table provides vesting information about our stock options outstanding for the three months ended June 30, 2013, and 2012:

 

     June 30, 2013      June 30, 2012  
     Shares     Weighted-
Average
Exercise
Price
     Shares     Weighted-
Average
Exercise
Price
 

Stock Options:

         

Unvested at beginning of period

     237,861     $ 43.92        110,137     $ 38.53  

Granted

     400,000       49.52        55,477       38.93  

Vested

     (14,351     38.72        (800     35.12  

Forfeited

     (13,081     47.50        —         —    
  

 

 

      

 

 

   

Unvested at end of period

     610,429     $ 47.63        164,814     $ 38.68  

 

 

 

            The following table provides vesting information about our stock options outstanding for the six months ended June 30, 2013, and 2012:

 

     June 30, 2013      June 30, 2012  
     Shares     Weighted-
Average
Exercise
Price
     Shares     Weighted-
Average
Exercise
Price
 

Stock Options:

         

Unvested at beginning of period

     157,298     $ 38.57        112,258     $ 36.08  

Granted

     522,357       49.09        88,307       39.66  

Vested

     (56,145     35.43        (35,751     32.94  

Forfeited

     (13,081     47.50        —         —    
  

 

 

      

 

 

   

Unvested at end of period

     610,429     $ 47.63        164,814     $ 38.68