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Employer Share Plans (Tables)
3 Months Ended
Mar. 31, 2016
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 months ended March 31, 2016 and 2015 was as follows (in thousands):

 

     Three Months Ended
March 31,
 
     2016      2015  

Stock options

   $ 579       $ 841   

Restricted stock awards

     830         781   
  

 

 

    

 

 

 

Total stock-based compensation expense

   $ 1,409       $ 1,622   
  

 

 

    

 

 

 
Stock Award Activity

Stock award activity during the three months ended March 31, 2016 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

     4,885       $ 7.50         962       $ 8.08   

Granted

     —         $ —           86       $ 10.41   

Exercised or released

     (115    $ 6.93         (83    $ 8.64   

Expired or canceled

     (14    $ 7.70         (2    $ 7.67   
  

 

 

       

 

 

    

Outstanding at March 31, 2016

     4,756       $ 7.52         963       $ 8.24   
  

 

 

       

 

 

    

Exercisable at March 31, 2016

     2,097       $ 6.96         
  

 

 

          

 

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