Stock Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2014
Stock Incentive Plans  
Schedule of status and changes in stock option plans

 

 

 

 

2014

 

2013

 

2012

 

 

 

 

 

Weighted-

 

 

 

Weighted-

 

 

 

Weighted-

 

 

 

 

 

Average

 

 

 

Average

 

 

 

Average

 

 

 

 

 

Exercise

 

 

 

Exercise

 

 

 

Exercise

 

 

 

Shares

 

Price

 

Shares

 

Price

 

Shares

 

Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at beginning of year

 

696,379

 

$

17.22

 

857,468

 

$

17.01

 

1,017,922

 

$

16.23

 

Granted

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

Forfeited

 

(186,249

)

19.67

 

(161,089

)

16.10

 

(160,454

)

12.07

 

Outstanding at end of year

 

510,130

 

$

16.33

 

696,379

 

$

17.22

 

857,468

 

$

17.01

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at end of year

 

510,130

 

$

16.33

 

696,379

 

$

17.22

 

857,468

 

$

17.01

 

 

Summary of stock options outstanding by range of exercise prices

The following table summarizes information about stock options outstanding at December 31, 2014:

 

 

 

 

 

Options

 

 

 

Options Outstanding

 

Exercisable

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

Range of

 

 

 

Average

 

Remaining

 

 

 

 

 

Exercise

 

 

 

Exercise

 

Contractual

 

Intrinsic

 

 

 

Intrinsic

 

Prices

 

Number

 

Price

 

Life

 

Value

 

Number

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

4.49-7.53

 

105,000 

 

$

6.01 

 

5.00 

 

 

 

105,000 

 

 

 

17.12-19.55

 

405,130 

 

19.00 

 

0.86 

 

 

 

405,130 

 

 

 

 

 

510,130 

 

$

16.33 

 

1.71 

 

$

106 

 

510,130 

 

$

106 

 

 

Summary of the changes in stock awards (restricted stock units)

 

 

 

 

2014

 

2013

 

2012

 

 

 

 

 

Weighted-

 

 

 

Weighted-

 

 

 

Weighted-

 

 

 

 

 

Average

 

 

 

Average

 

 

 

Average

 

 

 

 

 

Grant Date

 

 

 

Grant Date

 

 

 

Grant Date

 

 

 

Shares

 

Fair Value

 

Shares

 

Fair Value

 

Shares

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at beginning of year

 

919,928

 

$

4.97

 

736,412

 

$

4.92

 

455,352

 

$

4.98

 

Reclass to DSUs

 

(4,960

)

5.04

 

 

 

 

 

Granted

 

304,277

 

5.84

 

351,452

 

5.02

 

266,258

 

4.83

 

Dividend equivalents earned

 

35,166

 

5.62

 

17,211

 

4.86

 

32,704

 

4.79

 

Vested

 

(26,432

)

4.82

 

(156,795

)

4.84

 

(9,925

)

4.19

 

Forfeited

 

(44,109

)

4.73

 

(28,352

)

5.14

 

(7,977

)

5.15

 

Outstanding at end of year

 

1,183,870

 

$

5.22

 

919,928

 

$

4.97

 

736,412

 

$

4.92

 

 

Summary of the changes in the company's stock unit awards

 

 

 

 

2014

 

2013

 

2012

 

 

 

 

 

Weighted-

 

 

 

Weighted-

 

 

 

Weighted-

 

 

 

 

 

Average

 

 

 

Average

 

 

 

Average

 

 

 

 

 

Grant Date

 

 

 

Grant Date

 

 

 

Grant Date

 

 

 

Shares

 

Fair Value

 

Shares

 

Fair Value

 

Shares

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-vested at beginning of year

 

29,054

 

$

5.05

 

32,991

 

$

4.77

 

22,771

 

$

5.23

 

Reclass from RSUs

 

4,960

 

5.04

 

 

 

 

 

Granted

 

49,699

 

5.84

 

28,800

 

5.04

 

31,897

 

4.77

 

Dividend equivalents earned

 

4,042

 

5.63

 

1,636

 

5.03

 

2,252

 

4.76

 

Vested

 

(32,011

)

5.10

 

(34,373

)

4.77

 

(23,929

)

5.21

 

Forfeited

 

 

 

 

 

 

 

Non-vested at end of year

 

55,745

 

$

5.77

 

29,054

 

$

5.05

 

32,991

 

$

4.77

 

Outstanding at end of year

 

146,057

 

$

5.34

 

87,356

 

$

5.06

 

56,920

 

$

4.96