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Share-Based Compensation (Tables)
9 Months Ended
Sep. 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

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

Total share-based compensation expense

 

$

226 

 

$

215 

 

$

873 

 

$

945 

 

 

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

 

(58,758

)

4.40

 

 

 

 

 

Outstanding at September 30, 2015

 

298,875

 

$

14.92

 

3.92

 

$

2,437

 

Exercisable at September 30, 2015

 

246,376

 

$

13.66

 

4.14

 

$

2,307

 

Vested and expected to vest at September 30, 2015

 

298,875

 

$

14.92

 

3.92

 

$

2,437

 

 

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 September 30, 2015

 

48,637

 

$

20.11