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Equity Compensation Plans (Tables)
 12 Months Ended
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