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Employee Benefit Plans (Tables)
9 Months Ended
Sep. 30, 2013
Employee Benefit Plans [Abstract]  
Schedule Of Restricted Shares Granted To Executive Officers Management Employees And Non Employee Members Table

 

 

 

 

 

 

 

 

 

 

 

 

 

Date of Grant

 

 

Shares

 

 

 

Grant Date Fair Value Per Share

 

 

 

Vesting Period

 

 

 

 

 

 

 

 

 

 

 

 

January 2, 2013 (1)

 

 

89,329 

 

 

$

20.64

 

 

 

33% per year over three years

January 2, 2013 (2)

 

 

89,329 

 

 

 

30.96

 

 

 

100% on January 1, 2016

January 2, 2013 (3)

 

 

1,620 

 

 

 

20.64

 

 

 

100% on January 1, 2015

April 1, 2013 (3)

 

 

2,814 

 

 

 

22.88

 

 

 

100% on January 1, 2015

July 1, 2013 (3)

 

 

2,740 

 

 

 

23.04

 

 

 

100% on January 1, 2015

 

(1) Reflects the grant of restricted shares to our executive officers.

 

(2) Reflects the grant of performance share units (“PSUs”) to our executive officers.  The estimated fair value of the PSUs on grant date was determined using a Monte Carlo simulation model.  The PSUs provide for an award based on the performance of our common stock over a three-year period with the maximum award being 200% of the original awarded PSUs and the minimum amount being zeroThe vested PSUs will be settled in an equivalent number of shares of our common stock unless the Compensation Committee of our Board of Directors elects to pay in cash.

 

(3) Reflects the grant of restricted shares to certain members of our Board of Directors who have made an election to take their 2013 quarterly fees in stock in lieu of cash.