| Summary of Stock Options Outstanding under Plans |
The table below provides stock option information for the three months ended June 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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|
|
(in thousands, except per share data) |
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Options outstanding at beginning of period |
484,439 |
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|
$ |
23.76 |
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|
7.1 years |
|
$ |
2,303 |
|
(1) |
Options exercised |
(18,000 |
) |
|
$ |
12.30 |
|
|
5.9 years |
|
— |
|
|
Options expired |
(15,875 |
) |
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$ |
144.18 |
|
|
0.2 years |
|
— |
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|
Options outstanding at end of period |
450,564 |
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|
$ |
19.97 |
|
|
7.2 years |
|
$ |
2,727 |
|
(2) |
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Options exercisable at end of period |
301,915 |
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|
$ |
20.73 |
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|
6.9 years |
|
$ |
1,972 |
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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 $22.02 as of March 31, 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 $23.49 as of June 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 six months ended June 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 |
|
|
(in thousands, except per share data) |
|
Options outstanding at beginning of period |
510,148 |
|
|
$ |
24.38 |
|
|
7.3 years |
|
$ |
3,219 |
|
(1) |
Options exercised |
(40,209 |
) |
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$ |
13.99 |
|
|
6.4 years |
|
— |
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Options forfeited |
(125 |
) |
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$ |
144.00 |
|
|
0.2 years |
|
— |
|
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Options expired |
(19,250 |
) |
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$ |
148.36 |
|
|
0.1 years |
|
— |
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|
Options outstanding at end of period |
450,564 |
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|
$ |
19.97 |
|
|
7.2 years |
|
$ |
2,727 |
|
(2) |
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Options exercisable at end of period |
301,915 |
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|
$ |
20.73 |
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|
6.9 years |
|
$ |
1,972 |
|
(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 $23.49 as of June 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 six months ended June 30, 2016:
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Three Months Ended
June 30, 2016 |
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Six Months Ended
June 30, 2016 |
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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 |
387,860 |
|
|
$ |
16.52 |
|
|
136,795 |
|
|
$ |
20.74 |
|
Restricted stock granted |
2,512 |
|
|
$ |
23.08 |
|
|
256,943 |
|
|
$ |
14.41 |
|
Restricted stock vested |
(31,501 |
) |
|
$ |
22.50 |
|
|
(34,200 |
) |
|
$ |
22.48 |
|
Restricted stock forfeited |
— |
|
|
$ |
— |
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|
(667 |
) |
|
$ |
22.25 |
|
Restricted stock at end of period |
358,871 |
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$ |
16.04 |
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|
358,871 |
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$ |
16.04 |
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