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Stock Based Compensation Expense (Tables)
3 Months Ended
Mar. 31, 2014
Summary of Option Activity

Option activity within each plan is as follows:

 

     Incentive
Stock Option
Plans
    Weighted Average
Price Per Share
     Exercisable
Weighted
Average
Price
Per Share
 

Balance outstanding, December 31, 2013

     561,029      $ 7.76       $ 7.70   

Options exercised, $7.50

     (82,650     7.50      
  

 

 

   

 

 

    

 

 

 

Balance outstanding, March 31, 2014

     478,379      $ 7.80       $ 7.74   
  

 

 

   

 

 

    

 

 

 
Summary of Stock Options Summarized by Exercise Price

Information relating to stock options at March 31, 2014 summarized by exercise price is as follows:

 

     Outstanding Weighted Average      Exercisable Weighted
Average
 

Exercise Price Per Share

   Shares      Remaining
Life
(Months)
     Exercise
Price
     Shares      Exercise
Price
 

Incentive Stock Option Plan:

              

$7.50

     451,700         80       $ 7.50         451,700       $ 7.50   

$11.32—$14.75

     26,679         77       $ 12.90         20,012       $ 13.10   
  

 

 

       

 

 

    

 

 

    

 

 

 
     478,379          $ 7.80         471,712       $ 7.74   
  

 

 

       

 

 

    

 

 

    

 

 

 
Weighted Average Exercise Prices for Options Granted and Exercisable and Weighted Average Remaining Contractual Life for Options Outstanding

The weighted average exercise prices for options granted and exercisable and the weighted average remaining contractual life for options outstanding as of March 31, 2014 was as follows:

 

     Number
of
Shares
     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Life
(Months)
     Intrinsic
Value
(thousands)
 

As of March 31, 2014:

           

Incentive Stock Option Plans:

           

Outstanding

     478,379       $ 7.80         80       $ 6,625   

Expected to Vest

     478,351       $ 7.80         80       $ 6,625   

Exercisable

     471,712       $ 7.74         80       $ 6,563   
Summary of Non-Vested Shares

Restricted Shares A status summary of non-vested shares as of and for the three months ended March 31, 2014 is presented below:

 

     Number
of
Shares
    Weighted
Average
Grant-
Date
Fair Value
 

Nonvested shares at December 31, 2013

     376,702      $ 24.85   

Vested

     (1,000     31.83   

Forfeited

     (1,840     24.23   
  

 

 

   

 

 

 

Nonvested shares at March 31, 2014

     373,862      $ 24.83   
  

 

 

   

 

 

 
Performance Shares
 
Summary of Non-Vested Shares

Performance Based Shares—A status summary of non-vested performance based shares as of and for the three months ended March 31, 2014 is presented below:

 

     Number
of
Shares
     Weighted
Average
Grant-
Date
Fair Value
 

Nonvested shares at December 31, 2013

     24,637       $ 28.43   

Granted

     —          —    

Vested

     —          —    

Forfeited

     —          —    
  

 

 

    

 

 

 

Nonvested shares at March 31, 2014

     24,637       $ 28.43