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Employer Share Plans (Tables)
9 Months Ended
Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-Based Compensation Awards

Compensation expense for stock-based awards recognized during the three and nine months ended September 30, 2014 and 2013 was as follows (in thousands):

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2014      2013      2014      2013  

Stock options

   $ 641       $ 639       $ 1,956       $ 2,088   

Restricted stock awards

     1,184         711         2,856         2,186   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense

   $ 1,825       $ 1,350       $ 4,812       $ 4,274   
  

 

 

    

 

 

    

 

 

    

 

 

 
Stock Award Activity

Stock award activity during the nine months ended September 30, 2014 was as follows (in thousands, except per share data):

 

     Stock
Options
     Restricted Stock
Awards
 
     Number
of
Options
    Weighted
Average
Exercise
Price Per
Share
     Number
of
Shares
    Weighted
Average
Grant-Date
Fair

Value (1)
 

Outstanding at beginning of year

     6,035      $ 6.88         1,083      $ 6.62   

Granted

     1,348      $ 8.36         482      $ 8.46   

Exercised or released

     (1,031   $ 7.61         (507   $ 6.98   

Expired or canceled

     (213   $ 6.88         (9   $ 6.66   
  

 

 

      

 

 

   

Outstanding at September 30, 2014

     6,139      $ 7.09         1,049      $ 7.30   
  

 

 

      

 

 

   

Exercisable at September 30, 2014

     3,181      $ 7.23        
  

 

 

        

 

(1) Represents weighted average market value of the shares; awards are granted at no cost to the recipients.