Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation

Share-Based Compensation
3 Months Ended
Mar. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Share-Based Compensation


For stock-based awards the Company recognized compensation expense based on the grant date fair value. Share-based compensation expense was $1.3 million and $0.6 million for the three months ended March 31, 2014 and 2013, respectively.

A summary of the status and changes of the Company’s nonvested shares related to the Company’s Equity Incentive Plans as of and for the three months ended March 31, 2014 is presented below:


     Shares      Weighted Average
Grant-Date Fair

Nonvested at December 31, 2013

     276,166       $ 20.05   


     260,000         27.54   


     0         0   


     0         0   




Nonvested at March 31, 2014

     536,166         23.68   




As of March 31, 2014, there was $11.1 million of unrecognized compensation cost related to nonvested common shares. The cost is expected to be amortized over a weighted average period of 2.1 years.