| Summary of Stock Options Outstanding under Plans |
The table below provides stock option information for the three months ended September 30, 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
Shares
|
|
Weighted-
Average
Exercise
Price Per
Share
|
|
Weighted-
Average
Remaining
Contractual
Life
|
|
Aggregate
Intrinsic
Value of
In-the-
Money
Options
|
|
|
(in thousands, except share and per share data) |
|
Options outstanding at beginning of period |
553,440 |
|
|
$ |
24.42 |
|
|
7.8 years |
|
$ |
1,764 |
|
(1) |
Options exercised |
(13,311 |
) |
|
$ |
12.54 |
|
|
6.5 years |
|
— |
|
|
Options forfeited |
(2,875 |
) |
|
$ |
12.54 |
|
|
7.2 years |
|
— |
|
|
Options expired |
(1,375 |
) |
|
$ |
144.00 |
|
|
0.6 years |
|
— |
|
|
Options outstanding at end of period |
535,879 |
|
|
$ |
24.47 |
|
|
7.6 years |
|
$ |
4,099 |
|
(2) |
Options exercisable at end of period |
304,251 |
|
|
$ |
29.09 |
|
|
7.0 years |
|
$ |
2,511 |
|
(2) |
|
|
(1) |
Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $24.84 as of June 30, 2015, over the exercise price, multiplied by the number of options.
|
|
|
(2) |
Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $25.20 as of September 30, 2015, over the exercise price, multiplied by the number of options.
|
The table below provides stock option information for the nine months ended September 30, 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
Shares
|
|
Weighted-
Average
Exercise
Price Per
Share
|
|
Weighted
Average
Remaining
Contractual
Life
|
|
Aggregate
Intrinsic
Value of
In-the-
Money
Options
|
|
|
(in thousands, except share and per share data) |
|
Options outstanding at beginning of period |
603,872 |
|
|
$ |
23.78 |
|
|
8.3 years |
|
$ |
2,853 |
|
(1) |
Options granted |
28,000 |
|
|
$ |
23.47 |
|
|
9.7 years |
|
|
|
Options exercised |
(39,766 |
) |
|
$ |
13.36 |
|
|
7.1 years |
|
|
|
Options forfeited |
(54,502 |
) |
|
$ |
20.67 |
|
|
8.5 years |
|
|
|
Options expired |
(1,725 |
) |
|
$ |
144.00 |
|
|
0.6 years |
|
|
|
Options outstanding at end of period |
535,879 |
|
|
$ |
24.47 |
|
|
7.6 years |
|
$ |
4,099 |
|
(2) |
Options exercisable at end of period |
304,251 |
|
|
$ |
29.09 |
|
|
7.0 years |
|
$ |
2,511 |
|
(2) |
|
|
(1) |
Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $21.81 as of December 31, 2014, over the exercise price, multiplied by the number of options.
|
|
|
(2) |
Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $25.20 as of September 30, 2015, over the exercise price, multiplied by the number of options.
|
|
| Schedule of Restricted Stock Awards |
The table below provides information for restricted stock awards for the three and nine months ended September 30, 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2015 |
|
Nine Months Ended September 30, 2015 |
|
Number of
Shares
|
|
Weighted-
Average
Grant Date
Fair Value
Per Share
|
|
Number of
Shares
|
|
Weighted-
Average
Grant Date
Fair Value
Per Share
|
Restricted stock at beginning of period |
193,255 |
|
|
$ |
19.22 |
|
|
173,222 |
|
|
$ |
19.58 |
|
Restricted stock granted |
2,589 |
|
|
$ |
24.00 |
|
|
55,773 |
|
|
$ |
22.50 |
|
Restricted stock vested |
(41,367 |
) |
|
$ |
17.58 |
|
|
(59,518 |
) |
|
$ |
19.08 |
|
Restricted stock forfeited |
(1,350 |
) |
|
$ |
17.61 |
|
|
(16,350 |
) |
|
$ |
21.49 |
|
Restricted stock at end of period |
153,127 |
|
|
$ |
20.64 |
|
|
153,127 |
|
|
$ |
20.64 |
|
|