XML 36 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Option Activity
A summary of option activity under our 1998 Stock Option Plan as of December 31, 2013, and changes during the three months ended March 31, 2014 is presented below.

 
Number
 of
Stock Options
 
Weighted Average
Exercise
 Price
 
Weighted
Average
Remaining
Contractual Life (years)
 
Aggregate
Intrinsic
Value
(in thousands)
Outstanding, December 31, 2013
378,852

 
$
15.61

 
5.23

 
$
4,533

Granted
50,000

 
30.41

 

 

Exercised
(2,000
)
 
16.93

 

 
29

Outstanding, March 31, 2014
426,852

 
$
17.34

 
5.57

 
$
5,480

Exercisable, March 31, 2014
342,018

 
$
15.35

 
4.60

 
$
5,058

Summary of Stock Options Outstanding
The following table summarizes information about our stock options outstanding at March 31, 2014:

 
Range of Exercise Prices
Options Outstanding
 
Options Exercisable
Shares
 
Weighted
Average
Remaining
Contractual
Life (years)
 
Weighted
Average
Exercise
Price
 
Shares
 
Weighted
Average
Exercise
Price
$0.01-9.43
71,352

 
2.72
 
$
8.72

 
71,352

 
$
8.72

$9.44-15.60
70,000

 
4.81
 
12.51

 
64,166

 
12.30

$15.61-30.41
285,500

 
6.46
 
20.67

 
206,500

 
18.59

 
426,852

 
5.57
 
$
17.34

 
342,018

 
$
15.35

Status of Unvested Stock Options
The summary of the status of our unvested stock options as of December 31, 2013 and changes during the three months ended March 31, 2014 is presented below.

 
 
 
Unvested stock options:
Shares
 
Weighted Average
Grant Date Fair Value
Unvested at December 31, 2013 
63,082

 
$
9.87

Granted
50,000

 
16.78

Vested
(28,248
)
 
9.82

Unvested at March 31, 2014
84,834

 
$
13.09