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Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Share-Based Compensation Expense

The following table summarizes share-based compensation expense:

 

     Three months ended September 30,     Nine months ended September 30,  
     2013     2012     2013     2012  
     (in thousands)  

Restricted stock

   $ 802      $ 890      $ 2,522      $ 2,610   

Performance unit incentive plan (“PUP”)

     347        548        871        1,220   

Stock options

     3        148        104        450   

Restricted stock units

     50        84        72        244   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total share-based compensation before income tax benefit

     1,202        1,670        3,569        4,524   

Income tax benefit

     (445     (571     (1,326     (1,606
  

 

 

   

 

 

   

 

 

   

 

 

 

Total share-based compensation, net of income tax benefit

   $ 757      $ 1,099      $ 2,243      $ 2,918  
Summary of Activity of the Outstanding Share-Based Compensation Awards

The following table summarizes the activity of the outstanding share-based compensation awards:

 

     Restricted Stock      Restricted Stock Units      PUP Awards  
           Weighted-            Weighted-            Weighted-  
           Average            Average            Average  
           Grant Date            Grant Date            Grant Date  
     Shares     Fair Value      Units     Fair Value      Units     Fair Value  

Balance at January 1, 2013

     516,351      $ 21.25         40,500      $ 20.82         210,600      $ 21.70   

Granted

     101,300        27.28         8,600        27.35         93,100        27.35   

Vested

     (161,186     20.74         (11,300     19.10         —          —     

Forfeited

     (5,966     23.07         (8,840     22.33         (432     20.60   
  

 

 

      

 

 

      

 

 

   

Balance at September 30, 2013

     450,499        22.76         28,960        22.98         303,268        23.43   
  

 

 

      

 

 

      

 

 

   
Summary of Stock Option Activity

The following table summarizes stock option activity:

 

           Weighted-         
           Average      Options  
     Shares     Exercise Price      Exercisable  

Options outstanding at January 1, 2013

     363,896      $ 22.03         276,009   

Exercised

     (47,343     19.48      

Forfeited or expired

     (27,419     28.22      
  

 

 

      

Options outstanding at September 30, 2013

     289,134        21.87         287,134