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Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2017

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

The following tables illustrate the Company’s stock based compensation, unamortized stock-based compensation, and remaining weighted average period for the three and six months ended June 30, 2017 and 2016.

		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, 2017
Incentive Stock Options		$	86			$	170			$	193				0.5
Restricted Stock			777				1,433				5,198				1.4
Performance Based Restricted Stock			321				621				2,157				2.3
Performance Based Options			58				98				117				0.5
Total		$	1,242			$	2,322			$	7,665
June 30, 2016
Incentive Stock Options		$	92			$	181			$	627				1.5
Restricted Stock			368				694				3,119				2.0
Performance Based Restricted Stock			107				140				1,079				2.8
Performance Based Options			45				53				226				1.5
Total		$	612			$	1,068			$	5,051

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, 2016			541,905			$	9.33			$	7.97
Options exercised			(15,000	)			7.50				—
Options forfeited			(3,919	)			11.49				—
Balance outstanding, March 31, 2017			522,986				9.37				7.99
Options exercised			(21,300	)			7.50				—
Options forfeited			(3,183	)			11.49				—
Balance outstanding, June 30, 2017			498,503			$	9.43			$	8.03

Summary of Stock Options Summarized by Exercise Price

Information relating to stock options at June 30, 2017, 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			262,050				41			$	7.5				262,050			$	7.50
$11.32—$14.49			236,453				86			$	11.57				34,334			$	12.07
			498,503							$	9.43				296,384			$	8.03

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, 2017, were as follows:

As of June 30, 2017		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (Months)				Intrinsic Value (thousands)
Incentive Stock Option Plan:
Outstanding			498,503			$	9.43				63			$	3,897
Expected to Vest			495,757			$	9.42				62			$	3,881
Exercisable			296,384			$	8.03				44			$	2,733

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, 2016			82,334			$	11.49			$	—
Options forfeited			—				—				—
Balance outstanding, March 31, 2017			82,334				11.49				—
Options forfeited			(50	)			11.49				—
Balance outstanding, June 30, 2017			82,284			$	11.49			$	—

Performance Incentive Stock Option Plan

Summary of Stock Options Summarized by Exercise Price

Information relating to stock options at June 30, 2017 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:			82,284				6			$	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, 2017 are as follows:

As of June 30, 2017		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (Months)				Intrinsic Value (thousands)
Performance Incentive Stock Option Plan:
Outstanding			82,284			$	11.49				6			$	474
Expected to Vest			78,672			$	11.49				6			$	453
Exercisable			—			$	—				—			$	—

Common Stock Grants

Summary of Non-Vested Shares

Common stock grants — A summary of non-vested shares as of, and for, the three months ended June 30, 2017 and 2016 is presented below:

		Six Months Ended June 30, 2017								Six Months Ended June 30, 2016
		Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value
Nonvested shares at December 31st			324,756			$	14.75				362,841			$	20.43
Granted			251,475				16.10				—				—
Vested			(10,100	)			12.95				(127,274	)			31.29
Forfeited			(6,544	)			15.26				(16,008	)			23.67
Nonvested shares at March 31st			559,587				15.38				219,559				14.59
Granted			38,502				17.08				140,541				15.08
Vested			(188,400	)			15.22				(22,639	)			15.63
Forfeited			(6,593	)			15.55				(6,457	)			14.98
Nonvested shares at June 30th			403,096			$	15.61				331,004			$	14.72

Performance Based Restricted Shares

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, 2017 and 2016, respectively is presented below:

		Six Months Ended June 30, 2017								Six Months Ended June 30, 2016
		Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value
Nonvested shares at December 31st			119,022			$	14.18				104,403			$	17.05
Granted			121,194				15.40				—				—
Forfeited			—				—				(9,395	)			17.65
Nonvested shares at March 31st			240,216				14.80				95,008				16.99
Granted			7,400				15.88				52,170				14.39
Vested			(48,046	)			14.92				—				—
Forfeited			(12,560	)			12.92				(19,612	)			28.25
Nonvested shares at June 30th			187,010			$	14.93				127,566			$	14.20

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- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901

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