Quarterly report pursuant to Section 13 or 15(d)

Stock Compensation

v2.4.1.9
Stock Compensation
3 Months Ended
Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Compensation
(6) STOCK COMPENSATION

For share-based awards the Company recognized compensation expense based on the grant date fair value. Share-based compensation expense was $4.4 million and $1.3 million for the three months ended March 31, 2015 and 2014, respectively.

A summary of the status and changes of our nonvested shares related to the Company’s Equity Incentive Plans as of and for the three months ended March 31, 2015 is presented below:

 

     Shares      Weighted Average
Grant-Date Fair
Value
 

Nonvested at December 31, 2014

     1,263,833       $ 43.38   

Granted

     7,500         68.01   

Vested

     (130,000      27.54   

Cancelled

     0         —     
  

 

 

    

Nonvested at March 31, 2015

  1,141,333      45.35