XML 51 R37.htm IDEA: XBRL DOCUMENT v3.8.0.1
Equity Plan Awards (Tables)
12 Months Ended
Dec. 31, 2017
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,

 

 

(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

 

Options exercised,

 

 

(55,979

)

 

$

8.37

 

 

 

 

 

Options forfeited,

 

 

(13,143

)

 

 

11.49

 

 

 

 

 

Balance outstanding, December 31, 2017

 

 

472,783

 

 

$

9.38

 

 

$

9.38

 

 

Summary of Stock Options Summarized by Exercise Price

Information relating to stock options at December 31, 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

 

 

249,050

 

 

 

35

 

 

$

7.50

 

 

 

249,050

 

 

$

7.50

 

$11.32-$14.75

 

 

223,733

 

 

 

82

 

 

$

11.48

 

 

 

223,733

 

 

$

11.48

 

 

 

 

472,783

 

 

 

57

 

 

$

9.38

 

 

 

472,783

 

 

$

9.38

 

 

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, 2017 and 2016 was as follows:

 

 

 

Number

of

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Life

(Months)

 

 

Intrinsic

Value

(thousands)

 

As of December 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incentive Stock Option Plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

 

472,783

 

 

$

9.38

 

 

 

57

 

 

$

4,853

 

Vested

 

 

472,783

 

 

$

9.38

 

 

 

57

 

 

$

4,853

 

Exercisable

 

 

472,783

 

 

$

9.38

 

 

 

57

 

 

$

4,853

 

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

 

 

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, 2015

 

 

98,410

 

 

$

11.49

 

 

$

 

Options forfeited

 

 

(16,076

)

 

 

11.49

 

 

 

 

 

Balance outstanding, December 31, 2016

 

 

82,334

 

 

$

11.49

 

 

$

 

Options forfeited

 

 

(668

)

 

 

11.49

 

 

 

 

 

Balance outstanding, December 31, 2017

 

 

81,666

 

 

$

11.49

 

 

$

 

 

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

Information relating to performance stock options at December 31, 2017 is 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

 

 

81,666

 

 

 

 

(1)

$

11.49

 

 

 

 

 

$

 

 

 

 

81,666

 

 

 

 

 

$

11.49

 

 

 

 

 

$

 

 

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

The weighted average exercise price for performance options granted and exercisable and the weighted average remaining contractual life for performance options outstanding as of December 31, 2017 and 2016 was as follows:

 

 

 

Number

of

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Life

(Months)

 

 

Intrinsic

Value

(thousands)

 

As of December 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance Incentive Stock Option Plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

 

81,666

 

 

$

11.49

 

 

 

 

 

$

666

 

Expected to Vest

 

 

81,666

 

 

$

11.49

 

 

 

 

 

$

666

 

Exercisable

 

 

 

 

$

 

 

 

 

 

$

 

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

 

 

 

 

$

 

 

 

 

 

$

 

 

Common Stock Grants  
Summary of Non-Vested Shares

A status summary of non-vested shares as of December 31, 2017 and 2016, are presented below:

 

 

 

December 31, 2017

 

 

December 31, 2016

 

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

Nonvested shares at January 1st

 

 

324,756

 

 

$

14.75

 

 

 

362,841

 

 

$

20.43

 

Granted

 

 

290,977

 

 

 

16.24

 

 

 

150,009

 

 

 

15.22

 

Vested

 

 

(203,165

)

 

 

15.14

 

 

 

(152,479

)

 

 

15.19

 

Forfeited

 

 

(20,815

)

 

 

15.29

 

 

 

(35,615

)

 

 

18.89

 

Nonvested shares at December 31st

 

 

391,753

 

 

$

15.63

 

 

 

324,756

 

 

$

14.75

 

 

Performance Based Restricted Shares  
Summary of Non-Vested Shares

A summary of non-vested shares as of December 31, 2017 and 2016, is presented below:

 

 

 

December 31, 2017

 

 

December 31, 2016

 

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

 

Number

of Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

Nonvested shares at January 1st

 

 

119,022

 

 

$

14.18

 

 

 

104,403

 

 

$

17.05

 

Granted

 

 

128,594

 

 

 

15.43

 

 

 

52,170

 

 

 

14.39

 

Vested

 

 

(48,046

)

 

 

14.92

 

 

 

 

 

 

 

Forfeited

 

 

(13,513

)

 

 

13.08

 

 

 

(37,551

)

 

 

22.45

 

Nonvested shares at December 31st

 

 

186,057

 

 

$

14.93

 

 

 

119,022

 

 

$

14.18