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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock Option Activity

The following table summarizes the stock option activity for the year ended December 31, 2013:

 

Stock Options

   Shares     Weighted
Average
Exercise

Price
     Weighted
Average
Remaining
Contractual
Life
     Aggregate
Intrinsic
Value
 

Outstanding at January 1, 2013

     16,500      $ 2.51         0.57       $ 513,004   

Options exercised

     (16,500   $ 2.51         

Options forfeited

     —        $ —           

Outstanding at December 31, 2013

     —        $ —           0.0       $ —     

Exercisable at December 31, 2013

     —        $ —           0.0       $ —     

Schedule of Non-Vested Restricted Stock Activity

The following table summarizes the non-vested restricted stock activity for the year ended December 31, 2013:

 

Non-vested restricted stock

   Shares     Weighted
Average
Grant Date
Fair Value
 

Non-vested January 1, 2013

     686,778      $ 31.50   

Granted

     300,900      $ 34.64   

Vested

     (216,376   $ 30.20   

Forfeited

     (9,600   $ 33.03   
  

 

 

   

 

 

 

Non-vested at December 31, 2013

     761,702      $ 33.09   
  

 

 

   

 

 

 
Schedule of Restricted Stock Granted

The following table summarizes the restricted stock granted during the respective years:

 

Restricted stock grants

   2013      2012      2011  

Employees

     280,900         276,017         246,284   

Outside directors

     20,000         20,000         12,000   
  

 

 

    

 

 

    

 

 

 

Total

     300,900         296,017         258,284   
  

 

 

    

 

 

    

 

 

 

Weighted average grant date fair value

   $ 34.64       $ 32.62       $ 35.27   

Vesting period

     3-5 years         3-5 years         3-5 years