Stock-Based Incentive Plans (Tables)

9 Months Ended

Sep. 30, 2014

Restricted Stock

Stock-Based Compensation

Schedule of unvested restricted stock unit activity

The following table summarizes the Company’s unvested restricted stock unit activity for the nine months ended September 30, 2014: 

	Shares		Weighted- Average Price		Aggregate Intrinsic Value *
Unvested Restricted Stock Units (RSUs)	(in thousands)				(in thousands)
Outstanding at January 1, 2014	448		$	32.45
Awarded	343
Vested	(282	)
Forfeited	(1	)
Outstanding at September 30, 2014	508		$	31.67	$	14,817
Outstanding and expected to vest at September 30, 2014	497		$	31.68	$	14,473

* The intrinsic value is calculated using the closing price per share of $29.15 as reported by the New York Stock Exchange on September 30, 2014.

Non-Qualified Stock Options

Stock-Based Compensation

Summary of stock option activity

The following table summarizes the Company’s stock option activity for the nine months ended September 30, 2014: 

	Shares		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life	Aggregate Intrinsic Value *
Non-Qualified Stock Options	(in thousands)				(in years)	(in thousands)
Outstanding at January 1, 2014	1,021		$	29.35
Exercised	(144	)
Forfeited	(5	)
Outstanding at September 30, 2014	872		$	29.39		$	212
Outstanding and expected to vest at September 30, 2014	864		$	29.39	3.3	$	212
Exercisable at September 30, 2014	710		$	29.33	3.2	$	212

* The intrinsic value represents the amount, if any, by which the fair market value of the underlying common stock exceeds the exercise price of the stock option, using the closing price per share of $29.15 as reported by the New York Stock Exchange on September 30, 2014.

Unvested Stock Options

Stock-Based Compensation

Summary of stock option activity

A summary of the status of unvested stock options as of September 30, 2014, and changes during the nine months ended September 30, 2014, are presented below: 

	Shares		Weighted- Average Grant-Date Fair Value
Unvested Stock Options	(in thousands)
Unvested at January 1, 2014	448		$	10.31
Vested	(285	)	10.30
Forfeited	(1	)	10.33
Unvested at September 30, 2014	162		$	10.33