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Stock Options (Tables)

12 Months Ended

Dec. 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, 2011			1,388,514			$	7.44			$	7.26
Options exercised, range from $3.67-$14.99			(659,733	)			7.05
Options expired			(23,436	)			10.41
Balance outstanding, December 31, 2012			705,345			$	7.70			$	7.95
Options exercised, $7.50			(126,149	)			7.50
Options expired			(18,167	)			7.50
Balance outstanding, December 31, 2013			561,029			$	7.76			$	7.70
Options granted, $11.49			277,025				11.49
Options exercised, $7.50			(113,150	)			7.50
Balance outstanding, December 31, 2014			724,904			$	9.22			$	7.82

Summary of Stock Options Summarized by Exercise Price

Information relating to stock options at December 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			421,200				71			$	7.50				421,200			$	7.50
$11.32-$14.75			303,704				115			$	11.61				26,679			$	12.90
			724,904							$	9.22				447,879			$	7.82

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 December 31, 2013 and 2014 was as follows:

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (Months)				Intrinsic Value (thousands)
As of December 31, 2013:
Incentive Stock Option Plans:
Outstanding			561,029			$	7.76				83			$	9,276
Expected to Vest			560,972			$	7.76				83			$	9,275
Exercisable			554,362			$	7.70				83			$	9,196
As of December 31, 2014:
Incentive Stock Option Plans:
Outstanding			724,904			$	9.22				90			$	1,774
Expected to Vest			713,172			$	9.19				89			$	1,773
Exercisable			447,879			$	7.82				71			$	1,738

Summary of Non-Vested Shares

A status summary of non-vested shares as of December 31, 2014, is presented below:

		Number of Shares				Weighted Average Grant-Date Fair Value
Nonvested shares at January 1, 2014			376,702			$	24.85
Granted			240,724			$	14.81
Vested			(35,812	)		$	14.74
Forfeited			(20,772	)		$	17.91
Nonvested shares at December 31, 2014			560,842			$	21.44

Performance Shares

Summary of Non-Vested Shares

A status summary of non-vested shares as of December 31, 2014, is presented below:

		Number of Shares				Weighted Average Grant-Date Fair Value
Nonvested shares at January 1, 2014			24,637			$	28.43
Granted			79,270			$	14.51
Nonvested shares at December 31, 2014			103,907			$	17.81

Performance Based Options

Summary of Option Activity

Performance option activity is as follows:

		Incentive Stock Option Plans				Weighted Average Price Per Share				Exercisable Weighted Average Price Per Share
Balance outstanding, December 31, 2013			—			$	—			$	—
Options granted, $11.49			107,689				11.49
Balance outstanding, December 31, 2014			107,689			$	11.49			$	—

Summary of Stock Options Summarized by Exercise Price

Information relating to performance stock options at December 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
Performance Incentive Stock Option Plan:
$11.49			107,689				36			$	11.49				—			$	—
			107,689							$	11.49				—			$	—

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

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

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (Months)				Intrinsic Value (thousands)
As of December 31, 2014:
Performance Incentive Stock Option Plans:
Outstanding			107,689			$	11.49				36			$	14
Expected to Vest			107,689			$	11.49				36			$	14
Exercisable			—			$	—				—			$	—

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