| Summary of Stock Options Outstanding under Plans |
The table below provides stock option information for the three months ended September 30, 2016:
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Number of
Shares
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|
Weighted-
Average
Exercise
Price Per
Share
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|
Weighted-
Average
Remaining
Contractual
Life
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|
Aggregate
Intrinsic
Value of
In-the-
Money
Options
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(in thousands) |
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Options outstanding at beginning of period |
450,564 |
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|
$ |
19.97 |
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|
7.2 years |
|
$ |
2,727 |
|
(1) |
Options exercised |
(2,375 |
) |
|
$ |
12.54 |
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|
6.2 years |
|
— |
|
|
Options expired |
(1,875 |
) |
|
$ |
152.24 |
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|
0.0 years |
|
— |
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|
Options outstanding at end of period |
446,314 |
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|
$ |
19.46 |
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|
6.9 years |
|
$ |
3,952 |
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(2) |
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Options exercisable at end of period |
391,642 |
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|
$ |
19.14 |
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|
6.8 years |
|
$ |
3,666 |
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(2) |
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(1) |
Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $23.49 as of June 30, 2016, over the exercise price, multiplied by the number of options.
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(2) |
Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $26.34 as of September 30, 2016, over the exercise price, multiplied by the number of options.
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The table below provides stock option information for the nine months ended September 30, 2016:
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Number of
Shares |
|
Weighted-
Average
Exercise
Price Per
Share |
|
Weighted-
Average
Remaining
Contractual
Life |
|
Aggregate
Intrinsic
Value of
In-the-
Money
Options |
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|
|
|
|
|
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|
(in thousands) |
|
Options outstanding at beginning of period |
510,148 |
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|
$ |
24.38 |
|
|
7.3 years |
|
$ |
3,219 |
|
(1) |
Options exercised |
(42,584 |
) |
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$ |
13.90 |
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|
6.1 years |
|
— |
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Options forfeited |
(125 |
) |
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$ |
144.00 |
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|
0.0 years |
|
— |
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Options expired |
(21,125 |
) |
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$ |
148.70 |
|
|
0.0 years |
|
— |
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Options outstanding at end of period |
446,314 |
|
|
$ |
19.46 |
|
|
6.9 years |
|
$ |
3,952 |
|
(2) |
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Options exercisable at end of period |
391,642 |
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$ |
19.14 |
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6.8 years |
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$ |
3,666 |
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(2) |
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(1) |
Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $23.72 as of December 31, 2015, over the exercise price, multiplied by the number of options.
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(2) |
Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $26.34 as of September 30, 2016, over the exercise price, multiplied by the number of options.
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| Schedule of Restricted Stock Awards |
The table below provides information for restricted stock awards for the three and nine months ended September 30, 2016:
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Three Months Ended
September 30, 2016 |
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Nine Months Ended
September 30, 2016 |
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Number of
Shares
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Weighted-
Average
Grant Date
Fair Value
Per Share
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|
Number of
Shares
|
|
Weighted-
Average
Grant Date
Fair Value
Per Share
|
Restricted stock at beginning of period |
358,871 |
|
|
$ |
16.04 |
|
|
136,795 |
|
|
$ |
20.74 |
|
Restricted stock granted |
1,345 |
|
|
$ |
24.92 |
|
|
258,288 |
|
|
$ |
14.47 |
|
Restricted stock vested |
(33,956 |
) |
|
$ |
16.85 |
|
|
(68,156 |
) |
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$ |
19.68 |
|
Restricted stock forfeited |
(1,334 |
) |
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$ |
20.99 |
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|
(2,001 |
) |
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$ |
21.41 |
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Restricted stock at end of period |
324,926 |
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$ |
15.97 |
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|
324,926 |
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|
$ |
15.97 |
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