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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2015
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

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

Total share-based compensation expense

 

$

436 

 

$

465 

 

$

647 

 

$

730 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 2014

 

340,107

 

$

12.84

 

 

 

 

 

Granted

 

17,526

 

19.97

 

 

 

 

 

Exercised

 

(43,758

)

5.09

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2015

 

313,875

 

$

14.32

 

3.99

 

$

2,227

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at June 30, 2015

 

250,126

 

$

12.67

 

4.22

 

$

2,153

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest at June 30, 2015

 

313,875

 

$

14.32

 

3.99

 

$

2,227

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

                                                                                                                                                                                                   

Expected volatility

 

32.3 

%

Expected dividends

 

None

 

Risk free interest rate

 

1.0 

%

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, 2014

 

35,088

 

$

17.87

 

Awarded

 

23,975

 

23.46

 

Shares vested

 

(10,426

)

18.35

 

 

 

 

 

 

 

Unvested at June 30, 2015

 

48,637

 

$

19.89