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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2014
Share-Based Compensation  
Schedule of the compensation cost charged against income for plans included in selling, general & administrative expenses

The compensation cost charged against income for those plans is included in selling, general & administrative expenses as follows (in thousands):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2014

 

2013

 

Total share-based compensation expense

 

$

265

 

$

179

 

 

Schedule of stock option activity under all plans

 

 

 

 

Shares Under 
Options

 

Weighted 
Average 
Exercise Price 
(per share)

 

Weighted 
Average 
Remaining 
Contractual 
Life
 
(in years)

 

Aggregate 
Intrinsic 
Value 
(in thousands)

 

Outstanding at December 31, 2013

 

467,500

 

$

9.00

 

 

 

 

 

Granted

 

577

 

25.48

 

 

 

 

 

Exercised

 

(100,678

)

2.82

 

 

 

 

 

Cancelled or expired

 

 

 

 

 

 

 

Outstanding at March 31, 2014

 

367,399

 

$

10.72

 

3.84

 

$

5,013

 

Exercisable at March 31, 2014

 

286,150

 

$

8.53

 

3.87

 

$

4,532

 

Vested and expected to vest at March 31, 2014

 

367,399

 

$

10.72

 

3.84

 

$

5,013

 

 

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

 

 

Expected volatility

 

38.0%

Expected dividends

 

none

Risk free interest rate

 

0.7%

Expected term

 

5.0 years

 

Summary of Restricted Stock Units ( RSUs ) activity

 

 

 

 

Restricted
Stock Units

 

Weighted Average
Award Date
Fair Value

 

Unvested at December 31, 2013

 

50,900

 

$

11.94

 

Awarded

 

21,660

 

25.97

 

Shares vested

 

(30,253

)

10.11

 

Forfeited / cancelled

 

 

 

Unvested at March 31, 2014

 

42,307

 

$

12.04