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STOCK-BASED COMPENSATION PLANS: (Tables)
12 Months Ended
Dec. 31, 2014
STOCK-BASED COMPENSATION PLANS:  
Schedule of changes in unvested restricted stock

 

 

 

RSAs

 

Weighted-Average
Price

 

Unvested shares at December 31, 2013

 

370,000

 

$

13.81

 

2014 Activity:

 

 

 

 

 

Granted

 

73,700

 

28.23

 

Vested

 

(214,000

)

13.52

 

Forfeited

 

 

 

Unvested shares at December 31, 2014

 

229,700

 

18.71

 

 

Schedule of assumptions used to estimate the value of SARs

 

 

 

2014

 

2013

 

2012

 

Risk-free interest rate

 

1.5 

%

0.9 

%

0.9 

%

Expected years until exercise

 

5 years

 

5 years

 

5 years

 

Expected volatility

 

65 

%

73 

%

73 

%

Annual dividend yield

 

2.2 

%

4.3 

%

5.2 

%

 

Summary of SARS Activity

 

 

 

SARs

 

Weighted-
Average Price

 

Outstanding at December 31, 2013

 

1,400,000 

 

$

13.25 

 

2014 Activity:

 

 

 

 

 

Granted

 

200,000 

 

27.86 

 

Exercised

 

 

 

 

Outstanding SARs at December 31, 2014

 

1,600,000 

 

15.08 

 

 

Schedule of assumptions used to estimate the value of stock options under ESPP

 

 

 

2014

 

Risk-free interest rate

 

1.8 

%

Expected years to exercise

 

5 years

 

Expected volatility

 

47.6 

%

Annual dividend yield

 

2.3 

%