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2012 Incentive compensation plan (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of SAR Awards Transactions

The Compensation Committee of the Board of Directors approved, and the Company granted the following SAR awards:

 

Award Description

 

Grant Date

 

Recipient

 

Award

 

Exercise Price

 

Expiration

SAR I

  June 6, 2012   Chief Operating Officer (“COO”)   543,872 shares   $22.07   June 6, 2022

SAR II

  October 19, 2015   Chief Financial Officer (“CFO”)   60,000 shares   $24.41   October 19, 2025
Summary of Restricted Stock Unit Activity

Restricted stock activity consisted of the following for the years ended December 31:

 

     Shares      Weighted Average Grant Date
Fair Value
 

December 31, 2013

     162,993       $ 39.29   

Granted

     23,000         71.47   

Forfeited

     (12,000 )      60.44   

Vested

     (19,742 )      41.89   
  

 

 

    

December 31, 2014

     154,251       $ 42.18   

Granted

     1,000         28.48   

Forfeited

     (800 )      65.51   

Vested

     (24,207 )      42.63   
  

 

 

    

December 31, 2015

     130,244       $ 41.77