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Stock Option and Equity Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2014
Stock Option and Equity Incentive Plans  
Schedule of stock option activity under all plans

 

The following is a summary 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 December 31, 2013

 

467,500

 

$

9.00

 

 

 

 

 

Granted

 

35,193

 

24.69

 

 

 

 

 

Exercised

 

(162,586

)

4.36

 

 

 

 

 

Cancelled or expired

 

 

 

 

 

 

 

Outstanding December 31, 2014

 

340,107

 

$

12.84

 

3.83

 

$

4,008

 

Exercisable at December 31, 2014

 

257,608

 

$

10.35

 

3.92

 

$

3,675

 

Vested and expected to vest at December 31, 2014

 

340,107

 

$

12.84

 

3.83

 

$

4,008

 

 

Schedule of restricted stock unit activity

 

 

 

Restricted
Stock Units

 

Weighted
Average Award
Date Fair Value

 

Outstanding at December 31, 2013

 

50,900

 

$

11.94

 

Awarded

 

14,441

 

25.97

 

Shares distributed

 

(30,253

)

10.11

 

Forfeited / Cancelled

 

 

 

Outstanding at December 31, 2014

 

35,088

 

$

17.87

 

 

Schedule of future share-based compensation expense

:

The following summarizes the future share-based compensation expense the Company will record as the equity securities granted through December 31, 2014, vest (in thousands):

 

 

Options

 

Common
Stock

 

Restricted
Stock Units

 

Total

 

2015

 

$

172 

 

$

 

$

196 

 

$

368 

 

2016

 

147 

 

 

147 

 

294 

 

2017

 

46 

 

 

101 

 

147 

 

2018

 

16 

 

 

16 

 

32 

 

Total

 

$

381 

 

$

 

$

460 

 

$

841