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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Options activity outstanding of stock option plan

Option activity under the Company’s stock option plan as of December 31, 2013, 2012 and 2011 and changes during the year ended December 31, 2013 were as follows:

 

(in thousands except per share data)   Shares   Weighted Average Exercise Price   Weighted Average Remaining Contractual Term
(in years)
  Aggregate Intrinsic Value
Outstanding at December 31, 2010     136     $ 4.66       1.59     $ 2,056  
Exercised     (103 )     4.48                  
Outstanding at December 31, 2011     33       5.26       0.93       553  
Exercised     (32 )     5.25                  
Outstanding at December 31, 2012     1     $ 5.52       0.08     $ 17  
Exercised     (1 )     5.52                  
Outstanding at December 31, 2013     —       $ —         —       $ —    
Exercisable at December 31, 2013     —       $ —         —       $ —    

 

Components of the stock-based compensation programs recorded as expense

The following table summarizes the components of the Company’s stock-based compensation programs recorded as expense ($ in thousands):

 

 

Years ended December 31,   2013   2012   2011
Time Lapse Restricted Stock:                        
Pre-tax compensation expense   $ 10,427     $ 9,494     $ 7,555  
Tax benefit     (4,014 )     (3,655 )     (2,909 )
Restricted stock expense, net of tax   $ 6,413     $ 5,839     $ 4,636  

 

 

Summarized information on unvested restricted stock units outstanding

The following table summarizes information on unvested restricted stock units outstanding as of December 31, 2013, 2012 and 2011:

 

    Number of Shares
(in thousands)
  Weighted-Average Grant-Date Fair Value
Unvested Restricted Stock Grants                
Unvested as of December 31, 2010     2,664     $ 11.09  
Forfeited     (74 )     12.90  
Vested     (574 )     10.08  
Granted     670       19.30  
Unvested as of December 31, 2011     2,686       13.30  
Forfeited     (92 )     16.41  
Vested     (627 )     10.87  
Granted     776       22.69  
Unvested as of December 31, 2012     2,743       16.41  
Forfeited     (56 )     17.52  
Vested     (697 )     13.34  
Granted     463       24.29  
Unvested as of December 31, 2013     2,454     $ 18.75