XML 46 R36.htm IDEA: XBRL DOCUMENT v3.5.0.2
Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Changes in Company's Nonvested Restricted Stock Awards

A summary of changes in the Company’s nonvested Restricted Stock Awards (“RSAs”) under the Omnibus Incentive Plan for the nine months ended September 30, 2016 were as follows:

  

 

 

 

 

 

Weighted-Average

 

 

 

 

 

 

 

Grant-Date

 

Nonvested RSAs

 

Shares

 

 

Fair Value

 

Nonvested at January 1, 2016

 

 

201,270

 

 

$

14.24

 

Granted

 

 

101,105

 

 

 

15.87

 

Vested

 

 

(47,727

)

 

 

14.60

 

Forfeited

 

 

(7,274

)

 

 

15.06

 

Nonvested at September 30, 2016

 

 

247,374

 

 

$

14.82

 

 

Summary of Changes in Company's Stock Options

A summary of the changes in the Company’s stock options under the Omnibus Incentive Plan for the nine months ended September 30, 2016 were as follows:

  

 

 

 

 

 

Weighted-Average

 

Stock Options

 

Shares

 

 

Exercise Price

 

Outstanding at January 1, 2016

 

 

 

 

$

 

Granted

 

 

164,175

 

 

 

15.87

 

Exercised

 

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

 

Outstanding at September 30, 2016

 

 

164,175

 

 

$

15.87

 

 

Fair Value of Stock Options Granted Weighted-Average Assumptions

The fair value of the stock options granted was determined using the following weighted-average assumptions:

 

 

 

2016

 

Risk-free interest rate

 

 

1.49

%

Expected Term

 

6.25 Years

 

Expected stock price volatility

 

 

34.96

%

Dividend yield