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Shared-based Compensation (Tables)
3 Months Ended
Mar. 31, 2015
Share-Based Compensation [Abstract]  
Schedule of Assumptions Used
The weighted average input assumptions used and resulting fair values were as follows:
 
 
 
2015
 
2014
 
Expected life (in years)
 
 
6
 
 
6
 
Risk-free interest rate
 
 
1.72
%
 
1.61
%
Expected volatility
 
 
52.69
%
 
63.15
%
 
 
 
 
 
 
 
 
Dividend yield
 
 
-
 
 
-
 
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes the stock option activity:
 
 
 
Shares
 
Weighted-Average
Exercise Price
 
Weighted-Average
Remaining Contractual
Life (Yrs)
 
Aggregate
Intrinsic
Value
 
Outstanding at December 31, 2014
 
 
67,375
 
$
26.05
 
 
 
 
 
 
 
Granted
 
 
53,500
 
 
31.55
 
 
 
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
 
 
 
Forfeited
 
 
-
 
 
-
 
 
 
 
 
 
 
Expired
 
 
-
 
 
-
 
 
 
 
 
 
 
Outstanding at March 31, 2015
 
 
120,875
 
$
28.49
 
 
9.20
 
 
264,084
 
Exerciseable at March 31, 2015
 
 
36,281
 
$
26.29
 
 
8.68
 
 
137,633
 
Restricted Stock Activity
The following table summarizes the restricted stock activity:
   
 
 
Shares
 
Weighted-Average
Grant Date Fair Value
 
Unvested at December 31, 2014
 
 
333,676
 
$
25.31
 
Granted
 
 
8,980
 
 
31.55
 
Vested
 
 
(75,703)
 
 
25.08
 
Forfeited
 
 
-
 
 
-
 
Unvested at March 31, 2015
 
 
266,953
 
$
25.59