XML 17 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2013
Share-Based Compensation  
Schedule of the compensation cost charged against income for plans

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Selling, general & administrative expense

 

$

199,967

 

$

182,286

 

$

707,453

 

$

679,340

 

Schedule of stock option activity under all plans

 

 

 

 

Shares Under
Options

 

Weighted
Average
Exercise Price

 

Aggregate
Intrinsic Value

 

Outstanding at December 31, 2012

 

493,888

 

$

5.47

 

 

 

Granted

 

97,362

 

19.74

 

 

 

Exercised

 

(117,500

)

2.85

 

 

 

Cancelled or expired

 

 

 

 

 

Outstanding at September 30, 2013

 

473,750

 

$

9.05

 

$

6,498,890

 

Options exercisable at September 30, 2013

 

367,500

 

$

6.31

 

$

6,048,878

 

Vested and expected to vest at September 30, 2013

 

473,750

 

$

9.05

 

$

6,498,890

 

Schedule of assumptions used to determine the fair value of options using Black Scholes option pricing model

 

 

Expected volatility

34.0% - 50.0%

Expected dividends

none

Risk free interest rate

0.4% - 0.7%

Expected term

3.3 to 5.0 years

Summary of Restricted Stock Units ( RSUs ) activity

 

 

Restricted
Stock Units

 

Weighted Average
Award Date
Fair Value

 

Unvested at December 31, 2012

 

108,866

 

$

8.77

 

Awarded

 

10,600

 

19.97

 

Shares vested

 

(61,635

)

6.67

 

Forfeited / cancelled

 

(6,931

)

13.23

 

Unvested at September 30, 2013

 

50,900

 

$

11.64