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Stock Based Compensation (Tables)

9 Months Ended

Sep. 30, 2018

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 nine months ended September 30, 2018 and 2017.

		Stock-Based Compensation for the Three months ended				Stock-Based Compensation for the Nine months ended				Unamortized Stock-Based Compensation				Remaining Weighted Average Period (years)
September 30, 2018
Restricted Stock		$	966			$	2,716			$	6,206				2.0
Performance Based Restricted Stock			491				1,519				2,814				2.0
Total		$	1,457			$	4,235			$	9,020
September 30, 2017
Incentive Stock Options		$	80			$	250			$	94				0.3
Restricted Stock			635				2,068				4,475				1.2
Performance Based Restricted Stock			299				920				1,901				2.0
Performance Based Options			249				347				69				0.3
Total		$	1,263			$	3,585			$	6,539

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, 2017			473,641			$	9.38			$	9.38
Options exercised			(40,923	)			11.49				—
Balance outstanding, March 31, 2018			432,718				9.19				9.19
Options exercised			(38,360	)			10.02				—
Balance outstanding, June 30, 2018			394,358				9.12				9.12
Options exercised			(9,568	)			9.82				—
Balance outstanding, September 30, 2018			384,790			$	9.11			$	9.11

Summary of Stock Options Summarized by Exercise Price

Information relating to stock options at September 30, 2018, 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			229,545				26			$	7.5				229,545			$	7.50
$11.32—$14.75			155,245				73				11.48				155,245				11.48
			384,790							$	9.11				384,790			$	9.11

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 September 30, 2018, were as follows:

As of September 30, 2018		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (Months)				Intrinsic Value (thousands)
Incentive Stock Option Plan:
Outstanding			384,790			$	9.11				45			$	3,422
Expected to Vest			384,790			$	9.11				45			$	3,422
Exercisable			384,790			$	9.11				45			$	3,422

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, 2017 and March 31, 2018			81,666			$	11.49			$	11.49
Additional vesting based on performance			77,598				11.49				—
Options exercised			(11,839	)			11.49				11.49
Balance outstanding, June 30, 2018			141,425				11.49			$	11.49
Options forfeited			(1,014	)			11.49				11.49
Balance outstanding, September 30, 2018			140,411			$	11.49			$	11.49

Performance Incentive Stock Option Plan

Summary of Stock Options Summarized by Exercise Price

Information relating to stock options at September 30, 2018 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:			140,411				75			$	11.49				140,411			$	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 September 30, 2018 are as follows:

As of September 30, 2018		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (Months)				Intrinsic Value (thousands)
Performance Incentive Stock Option Plan:
Outstanding			140,411			$	11.49				75			$	914
Expected to Vest			140,411			$	11.49				75			$	914
Exercisable			140,411			$	11.49				75			$	914

Common Stock Grants

Summary of Non-Vested Shares

Common stock grants — A summary of non-vested shares as of, and for, the three and nine months ended September 30, 2018 and 2017 is presented below:

		Nine Months Ended September 30, 2018								Nine Months Ended September 30, 2017
		Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value
Nonvested shares at December 31st			391,753			$	15.61				324,756			$	14.75
Granted			254,972				19.97				251,475				16.10
Vested			(8,800	)			12.07				(10,100	)			12.95
Forfeited			(5,265	)			16.51				(6,544	)			15.26
Nonvested shares at March 31st			632,660				17.41				559,587				15.38
Granted			22,308				23.66				38,502				17.08
Vested			(20,313	)			22.82				(188,400	)			15.22
Forfeited			(6,424	)			17.25				(6,593	)			15.55
Nonvested shares at June 30th			628,231				17.40				403,096				15.61
Granted			—				—				1,000				19.90
Vested			(17,591	)			13.51				(1,065	)			12.88
Forfeited			(13,659	)			17.35				(5,209	)			15.80
Nonvested shares at September 30th			596,981			$	17.51				397,822			$	15.63

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 nine months ended September 30, 2018 and 2017, respectively is presented below:

		Nine Months Ended September 30, 2018								Nine Months Ended September 30, 2017
		Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value
Nonvested shares at December 31st			186,057			$	14.93				119,022			$	14.18
Granted			122,446				18.79				121,194				15.40
Vested			(14,625	)			11.01				—				—
Forfeited			(1,765	)			15				—				—
Nonvested shares at March 31st			292,113				16.74				240,216				14.80
Granted			3,850				22.69				7,400				15.88
Vested			—				—				(48,046	)			14.92
Forfeited			(2,179	)			17.67				(12,560	)			12.92
Nonvested shares at June 30th			293,784				16.81				187,010				14.93
Additional vesting based on performance			4,036				13.53				—				—
Vested			(8,232	)			13.47				—				—
Forfeited			(1,870	)			15.67				(953	)			15.21
Nonvested shares at September 30th			287,718			$	16.87				186,057			$	14.93

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