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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2013
Valuation Assumptions of Granted Stock Options

The following table summarizes information about these granted stock options:

 

     2013     2012     2011  

Weighted-average risk-free interest rate

     N/A        N/A        1.21

Dividend yield

     N/A        N/A        —     

Weighted-average expected volatility

     N/A        N/A        48.59

Total weighted-average expected forfeiture rate

     N/A        N/A        2.97

Weighted-average expected life (years)

     N/A        N/A        5.90   

Total weighted-average remaining vesting period in years (1)

     2.45        3.38        4.30   

Total fair value of options granted

     N/A        N/A      $ 4,064,000   

Stock-based compensation expense—Cost of sales (1)

   $ 227,000      $ 278,000      $ 60,000   

Stock-based compensation expense—SG&A (1)

   $ 1,315,000      $ 1,374,000      $ 1,039,000   

Income tax benefit (1)

   $ (601,000   $ (603,000   $ (390,000

 

(1) Information relates to stock options granted since 2006.
Non Qualified Stock Options [Member]
 
Stock Option Activities of Stock Option Plans

The following information relates to our non-qualified stock option plans:

 

     2013  
     Shares     Weighted-
Average
Exercise
Price
 

Outstanding at beginning of year

     258,050      $ 8.50   

Granted

     —          N/A   

Exercised

     (71,825   $ 8.00   

Surrendered, forfeited or expired

     —          N/A   
  

 

 

   

Outstanding at end of year

     186,225      $ 8.70   
  

 

 

   

Exercisable at end of year

     42,625      $ 8.96   
  

 

 

   

 

     2013      2012      2011  

Weighted-average fair value per option granted during year

     N/A         N/A       $ 16.25   
        

 

 

 

Total intrinsic value of options exercised during the year

   $ 1,821,000       $ 1,574,000       $ 2,110,000   
  

 

 

    

 

 

    

 

 

 

Total fair value of options vested during the year

   $ 737,000       $ 731,000       $ 730,000   
  

 

 

    

 

 

    

 

 

 
Stock Options Outstanding and Exercisable

The following tables summarize information about non-qualified stock options outstanding and exercisable at December 31, 2013:

 

     Stock Options Outstanding  

Exercise Prices

   Shares Outstanding      Weighted-
Average Remaining
Contractual Life

in Years
     Weighted-
Average
Exercise Price
     Intrinsic Value
of Shares Outstanding
 

$ 7.86

     26,225         4.33       $ 7.86       $ 870,000   

$ 8.01

     155,000         2.75       $ 8.01         5,116,000   

$34.50

     5,000         7.92       $ 34.50         33,000   
  

 

 

          

 

 

 

$7.86 – $34.50

     186,225         3.11       $ 8.70       $ 6,019,000   
  

 

 

          

 

 

 

 

     Stock Options Exercisable  

Exercise Prices

   Shares Outstanding      Weighted-
Average Remaining
Contractual Life

in Years
     Weighted-
Average
Exercise Price
     Intrinsic Value
of Shares Outstanding
 

$ 7.86

     20,975         4.33       $ 7.86       $ 695,000   

$ 8.01

     20,000         2.75       $ 8.01         660,000   

$34.50

     1,650         7.92       $ 34.50         11,000   
  

 

 

          

 

 

 

$7.86 – $34.50

     42,625         3.73       $ 8.96       $ 1,366,000   
  

 

 

          

 

 

 
Qualified Stock Option Plans [Member]
 
Stock Option Activities of Stock Option Plans

The following information relates to our qualified stock option plans:

 

     December 31, 2013  
     2008 Plan      1998 Plan  

Maximum number of securities for issuance

     1,000,000         N/A   

Number of awards available to be granted

     372,130         N/A   

Number of qualified options outstanding

     402,405         11,000   

Number of qualified options exercisable

     190,670         11,000   

 

     2013  
     Shares     Weighted-
Average
Exercise
Price
 

Outstanding at beginning of year

     478,915      $ 22.28   

Granted

     —          N/A   

Exercised

     (43,285   $ 10.16   

Cancelled, forfeited or expired

     (22,225   $ 32.21   
  

 

 

   

Outstanding at end of year

     413,405      $ 23.01   
  

 

 

   

Exercisable at end of year

     201,670      $ 18.39   
  

 

 

   

 

     2013      2012      2011  

Weighted-average fair value per option granted during year

     N/A         N/A       $ 16.00   
        

 

 

 

Total intrinsic value of options exercised during the year

   $ 1,149,000       $ 895,000       $ 3,294,000   
  

 

 

    

 

 

    

 

 

 

Total fair value of options vested during the year

   $ 828,000       $ 861,000       $ 208,000   
  

 

 

    

 

 

    

 

 

 
Stock Options Outstanding and Exercisable

The following table summarizes information about qualified stock options outstanding and exercisable at December 31, 2013:

 

     Stock Options Outstanding  

Exercise Prices

   Shares
Outstanding
     Weighted-
Average
Remaining
Contractual Life
in Years
     Weighted-
Average
Exercise
Price
     Intrinsic
Value of
Shares
Outstanding
 

$ 5.10

     11,000         1.92       $ 5.10       $ 395,000   

$ 7.86 – $8.17

     41,755         4.92       $ 7.87         1,384,000   

$ 9.69 – $9.97

     132,650         4.83       $ 9.69         4,156,000   

$29.99 – $34.50

     228,000         7.90       $ 34.40         1,509,000   
  

 

 

          

 

 

 

$5.10 – $34.50

     413,405         6.46       $ 23.01       $ 7,444,000   
  

 

 

          

 

 

 
     Stock Options Exercisable  

Exercise Prices

   Shares
Outstanding
     Weighted-
Average
Remaining
Contractual Life
in Years
     Weighted-
Average
Exercise
Price
     Intrinsic
Value of
Shares
Outstanding
 

$ 5.10

     11,000         1.92       $ 5.10       $ 395,000   

$ 7.86 – $8.17

     30,030         4.92       $ 7.86         996,000   

$ 9.69 – $9.97

     85,400         4.83       $ 9.69         2,675,000   

$29.99 – $34.50

     75,240         7.90       $ 34.40         498,000   
  

 

 

          

 

 

 

$5.10 – $34.50

     201,670         5.83       $ 18.39       $ 4,564,000