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Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2015

Stock Based Compensation, Unamortized Stock-Based Compensation and Remaining Weighted Average Period

The below tables illustrate the Company’s stock based compensation, unamortized stock-based compensation, and remaining weighted average period for the three months and six months ended June 30, 2015 and 2014.

		Stock-Based Compensation for the Three months ended				Stock-Based Compensation for the Six months ended				Unamortized Stock-Based Compensation				Remaining Weighted Average Period (years)
June 30, 2015
Incentive Stock Options		$	116			$	231			$	1,204				2.5
Restricted Stock			790				1,962				3,521				1.5
Performance Based Restricted Stock			107				205				811				2.0
Performance Based Options			45				87				454				2.5
Total		$	1,058			$	2,485			$	5,990
June 30, 2014
Incentive Stock Options		$	10			$	21			$	—				—
Restricted Stock			985				1,819				7,153				2.1
Performance Based Restricted Stock			43				(34	)			1,559				2.6
Total		$	1,038			$	1,806			$	8,712

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, 2014			724,904			$	9.22			$	7.82
Options exercised, $7.50			(16,650	)			7.50
Options forfeited, $11.49 and $13.24			(10,400	)			11.49
Balance outstanding, March 31, 2015			697,854			$	9.21			$	7.71
Options exercised, $7.50			(34,800	)			7.50
Options forfeited, $11.49			(2,481	)			11.49
Balance outstanding, June 30, 2015			660,573			$	9.29			$	7.72

Summary of Stock Options Summarized by Exercise Price

Information relating to stock options at June 30, 2015 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			369,750				64			$	7.50				369,750			$	7.50
$11.32—$14.75			290,823				111			$	11.56				16,679			$	12.69
			660,573							$	9.29				386,429			$	7.72

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 June 30, 2015 was as follows:

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (Months)				Intrinsic Value (thousands)
As of June 30, 2015:
Incentive Stock Option Plans:
Outstanding			660,573			$	9.29				85			$	2,987
Expected to Vest			650,455			$	9.25				84			$	2,964
Exercisable			386,429			$	7.72				64			$	2,354

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, 2014			107,689			$	11.49			$	—
Balance outstanding, June 30, 2015			107,689			$	11.49			$	—

Summary of Stock Options Summarized by Exercise Price

Information relating to outstanding stock options at June 30, 2015 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				30			$	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 options granted and exercisable and the weighted average remaining contractual life for options outstanding as of June 30, 2015 are as follows:

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (Months)				Intrinsic Value (thousands)
As of June 30, 2015:
Incentive Stock Option Plans:
Outstanding			107,689			$	11.49				30			$	199
Expected to Vest			107,689			$	11.49				30			$	199
Exercisable			—			$	—				—			$	—

Restricted Stock

Summary of Non-Vested Shares

Restricted Shares—A status summary of non-vested shares as of and for the six months ended June 30, 2015 is presented below:

		Number of Shares				Weighted Average Grant- Date Fair Value
Nonvested shares at December 31, 2014			560,842			$	21.44
Granted			30,000				11.42
Vested			(192,266	)			20.47
Forfeited			(422	)			14.92
Nonvested shares at March 31, 2015			398,154			$	21.17
Granted			21,005				14.28
Vested			(28,505	)			13.53
Forfeited			(1,201	)			14.92
Nonvested shares at June 30, 2015			389,453			$	21.37

Performance Based Restricted Stock

Summary of Non-Vested Shares

Performance Based Shares—A summary of non-vested performance based shares as of and for the six months ended June 30, 2015 is presented below:

		Number of Shares				Weighted Average Grant- Date Fair Value
Nonvested shares at December 31, 2014			103,907			$	17.81
Granted			7,500				10.96
Vested			—				—
Forfeited			—				—
Nonvested shares at March 31, 2015			111,407			$	17.35
Granted			—				—
Vested			—				—
Forfeited			—				—
Nonvested shares at June 30, 2015			111,407			$	17.35

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