Number of shares under SARs | Weighted-average exercise price | Weighted-average remaining contractual term (in years) | Aggregate intrinsic value (in thousands) | |||||||||
Outstanding at January 1, 2013 | 1,416,969 | $ | 29.01 | |||||||||
Granted | 461,751 | 34.34 | ||||||||||
Exercised | (32,232 | ) | 19.74 | |||||||||
Forfeited or expired | (14,793 | ) | 37.28 | |||||||||
Outstanding at December 31, 2013 | 1,831,695 | $ | 30.45 | 6.3 | $ | 10,182 | ||||||
Exercisable at December 31, 2013 | 1,168,212 | $ | 27.65 | 4.9 | $ | 10,054 | ||||||