XML 49 R35.htm IDEA: XBRL DOCUMENT v3.7.0.1
Equity Plan Awards (Tables)
12 Months Ended
Dec. 31, 2016
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 granted,

 

 

277,025

 

 

 

11.49

 

 

 

 

 

Options exercised,

 

 

(113,150

)

 

 

7.50

 

 

 

 

 

Balance outstanding, December 31, 2014

 

 

724,904

 

 

$

9.22

 

 

$

7.82

 

Options exercised,

 

 

(63,950

)

 

 

7.50

 

 

 

 

 

Options forfeited,

 

 

(34,109

)

 

 

12.00

 

 

 

 

 

Balance outstanding, December 31, 2015

 

 

626,845

 

 

$

9.25

 

 

$

7.73

 

Options exercised,

 

 

(58,900

)

 

 

7.50

 

 

 

 

 

Options forfeited,

 

 

(26,040

)

 

 

11.49

 

 

 

 

 

Balance outstanding, December 31, 2016

 

 

541,905

 

 

$

9.33

 

 

$

7.97

 

 

Summary of Stock Options Summarized by Exercise Price

Information relating to stock options at December 31, 2016 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

 

 

298,350

 

 

 

47

 

 

$

7.50

 

 

 

298,350

 

 

$

7.50

 

$11.32-$14.75

 

 

243,555

 

 

 

92

 

 

$

11.57

 

 

 

34,334

 

 

$

12.07

 

 

 

 

541,905

 

 

 

 

 

 

$

9.33

 

 

 

332,684

 

 

$

7.97

 

 

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, 2016 and 2015 was as follows:

 

 

 

Number

of

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Life

(Months)

 

 

Intrinsic

Value

(thousands)

 

As of December 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incentive Stock Option Plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

 

541,905

 

 

$

9.33

 

 

 

67

 

 

$

5,321

 

Expected to Vest

 

 

536,531

 

 

$

9.31

 

 

 

67

 

 

$

5,280

 

Exercisable

 

 

332,684

 

 

$

7.97

 

 

 

49

 

 

$

3,719

 

As of December 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incentive Stock Option Plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

 

626,845

 

 

$

9.25

 

 

 

79

 

 

$

2,990

 

Expected to Vest

 

 

616,987

 

 

$

9.21

 

 

 

78

 

 

$

2,965

 

Exercisable

 

 

373,929

 

 

$

7.73

 

 

 

59

 

 

$

2,353

 

 

Performance Based Stock 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

 

 

$

 

Options forfeited

 

 

(9,279

)

 

 

11.49

 

 

 

 

 

Balance outstanding, December 31, 2015

 

 

98,410

 

 

$

11.49

 

 

$

 

Options forfeited

 

 

(16,076

)

 

 

11.49

 

 

 

 

 

Balance outstanding, December 31, 2016

 

 

82,334

 

 

$

11.49

 

 

$

 

 

Performance Incentive Stock Option  
Summary of Stock Options Summarized by Exercise Price

Information relating to performance stock options at December 31, 2016 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

 

 

82,334

 

 

 

12

 

 

$

11.49

 

 

 

 

 

$

 

 

 

 

82,334

 

 

 

 

 

 

$

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, 2016 and 2015 was as follows:

 

 

 

Number

of

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Life

(Months)

 

 

Intrinsic

Value

(thousands)

 

As of December 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance Incentive Stock Option Plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

 

82,334

 

 

$

11.49

 

 

 

12

 

 

$

631

 

Expected to Vest

 

 

75,312

 

 

$

11.49

 

 

 

12

 

 

$

577

 

Exercisable

 

 

 

 

$

 

 

 

 

 

$

 

As of December 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance Incentive Stock Option Plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

 

98,410

 

 

$

11.49

 

 

 

24

 

 

$

248

 

Expected to Vest

 

 

58,410

 

 

$

11.49

 

 

 

24

 

 

$

147

 

Exercisable

 

 

 

 

$

 

 

 

 

 

$

 

 

Common Stock Grants  
Summary of Non-Vested Shares

A status summary of non-vested shares as of December 31, 2016 and 2015, are presented below:

 

 

 

December 31, 2016

 

 

December 31, 2015

 

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

Nonvested shares at January 1st

 

 

362,841

 

 

$

20.43

 

 

 

560,842

 

 

$

21.44

 

Granted

 

 

150,009

 

 

 

15.22

 

 

 

73,201

 

 

 

12.68

 

Vested

 

 

(152,479

)

 

 

15.19

 

 

 

(239,771

)

 

 

20.23

 

Forfeited

 

 

(35,615

)

 

 

18.89

 

 

 

(31,431

)

 

 

22.02

 

Nonvested shares at December 31st

 

 

324,756

 

 

$

14.75

 

 

 

362,841

 

 

$

20.43

 

 

Performance Based Restricted Shares  
Summary of Non-Vested Shares

A status summary of non-vested shares as of December 31, 2016 and 2015, are presented below:

 

 

 

December 31, 2016

 

 

December 31, 2015

 

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

Nonvested shares at January 1st

 

 

104,403

 

 

$

17.05

 

 

 

103,907

 

 

$

17.77

 

Granted

 

 

52,170

 

 

 

14.39

 

 

 

10,696

 

 

 

11.38

 

Forfeited

 

 

(37,551

)

 

 

22.45

 

 

 

(10,200

)

 

 

18.43

 

Nonvested shares at December 31st

 

 

119,022

 

 

$

14.18

 

 

 

104,403

 

 

$

17.05