XML 46 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
Share-Based Compensation (Details 2) (USD $)
0 Months Ended 3 Months Ended
Feb. 18, 2013
Mar. 31, 2013
Mar. 31, 2012
Additional share-based compensation disclosures      
Compensation expense   $ 179,340 $ 186,901
Shares surrendered in lieu of payment of withholding taxes (in shares)   22,089 39,707
Average market price of shares surrendered in lieu of payment of withholding taxes (in dollars per share)   $ 19.29 $ 16.93
Unrecognized compensation expense   1,278,676  
Weighted average period of recognition of unrecognized compensation expense   1 year 7 months 6 days  
Stock option
     
Shares Under Options      
Outstanding at the beginning of the period (in shares)   493,888  
Granted (in shares)   60,000  
Exercised (in shares)   7,500  
Outstanding at the end of the period (in shares)   546,388  
Options exercisable at the end of the period (in shares)   470,138  
Vested and expected to vest at the end of the period (in shares)   546,388  
Weighted Average Exercise Price      
Outstanding at the beginning of the period (in dollars per share)   $ 5.47  
Granted (in dollars per share)   $ 18.85  
Exercised (in dollars per share)   $ 4.13  
Outstanding at the end of the period (in dollars per share)   $ 6.96  
Options exercisable at the end of the period (in dollars per share)   $ 5.28  
Vested and expected to vest at the end of the period (in dollars per share)   $ 6.96  
Aggregate Intrinsic Value      
Outstanding at the end of the period   6,225,706  
Options exercisable at the end of the period   6,116,693  
Vested and expected to vest at the end of the period   6,225,706  
Assumptions used to determine the intrinsic fair market value of options using Black Scholes option pricing model      
Expected volatility (as a percent)   40.00%  
Expected dividends (as a percent)   0.00%  
Risk free interest rate (as a percent)   0.40%  
Expected term   3 years 9 months 18 days  
Weighted average grant date fair value of options granted (in dollars per share)   $ 5.77  
The total intrinsic value of all options exercised   114,477 2,028,138
Additional share-based compensation disclosures      
Total amount of consideration received from the exercised options   30,975 80,708
RSUs
     
Restricted Stock Units      
Unvested at the beginning of the period (in shares)   108,866  
Awarded (in shares)   10,600  
Shares vested (in shares)   (61,635)  
Forfeited / cancelled (in shares)   (5,679)  
Unvested at the end of the period (in shares)   52,152  
Weighted Average Award Date Fair Value      
Unvested at the beginning of the period (in dollars per share)   $ 8.77  
Awarded (in dollars per share)   $ 19.97  
Shares vested (in dollars per share)   $ 6.67  
Forfeited / cancelled (in dollars per share)   $ 16.17  
Unvested at the end of the period (in dollars per share)   $ 13.59  
Additional share-based compensation disclosures      
Compensation expense   53,944 93,715
Directors and employees | Stock option
     
Additional share-based compensation disclosures      
Compensation expense   25,396 18,186
Employees | Stock option
     
Shares Under Options      
Granted (in shares)   60,000  
Weighted Average Exercise Price      
Granted (in dollars per share)   $ 18.85  
2003 Incentive Plan | Chairman, Chief Executive Officer, and President | Common Stock
     
Restricted Stock Units      
Awards 400,000    
Additional share-based compensation disclosures      
Compensation expense   $ 100,000 $ 75,000