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Equity Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2014
Summary of SARs Activity of Incentive Award Plan | A summary of the SARs activity of the Incentive Award Plan is presented below.
|  | 2014 |
|  | SARs |  |  | Exercise Price |
Outstanding, January 1, |  |  | — |  |  | $ | — |
Granted |  |  | 80,000 |  |  |  | 8.20 |
Expired |  |  | — |  |  |  | — |
Exercised |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |
Outstanding, December 31, |  |  | 80,000 |  |  | $ | 8.20 |
SARs exercisable at December 31, |  |  | 8,000 |  |  |  |  |
Information about SARs Outstanding and Exercisable | The following table summarizes information about the SARs outstanding and exercisable as of December 31, 2014:
|  | SARs Outstanding |  |  | SARs Exercisable |
Exercise Price |  | Number Outstanding |  |  | Remaining Contractual Life |  | Exercise Price |  |  | Number Exercisable |  |  | Weighted Average Remaining Contractual Life |  |  | Weighted Average Exercise Price |
$8.20 |  |  | 80,000 |  |  | 3 years |  | $ | 8.20 |  |  |  | 8,000 |  |  |  | 3 years |  |  | $ | 8.20 |
Restricted Stock |
Summary of Restricted Common Share Awards of Incentive Award Plan | A summary of the restricted common share awards as of December 31, 2014 and 2013 of the Incentive Award Plan is presented below.
|  | 2014 |
|  | Number of Shares |  |  | Grant Date Fair Value Per Share |
Balance, January 1, |  |  | — |  |  | $ | — |
Granted |  |  | 40,000 |  |  |  | 8.20 |
Vested |  |  | (4,000 | ) |  |  | 8.20 |
Forfeited |  |  | — |  |  |  | — |
Balance, December 31, |  |  | 36,000 |  |  | $ | 8.20 |

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