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Employee Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2014
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, 2014 (1)

 

 

73,609 

 

 

$

23.18

 

 

 

33% per year over three years

January 2, 2014 (2)

 

 

73,609 

 

 

 

26.79

 

 

 

100% on January 1, 2017

January 2, 2014 (3)

 

 

2,724 

 

 

 

23.18

 

 

 

100% on January 1, 2016

 

(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 quarterly fees in stock in lieu of cash.