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Shared-based Compensation (Tables)
9 Months Ended
Sep. 30, 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
 
 
1.71
%
 
 
1.61
%
Expected volatility
 
 
50.91
%
 
 
63.15
%
Dividend yield
 
 
-
 
 
 
-
 
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes the stock option activity:
 
 
 
 
 
 
 
Weighted-Average
 
Aggregate
 
 
 
 
 
Weighted-Average
 
Remaining Contractual
 
Intrinsic
 
 
 
Shares
 
Exercise Price
 
Life (Yrs)
 
Value
 
Outstanding at December 31, 2014
 
 
67,375
 
$
26.05
 
 
 
 
 
 
 
Granted
 
 
66,000
 
 
30.99
 
 
 
 
 
 
 
Exercised
 
 
(1,666)
 
 
26.52
 
 
 
 
 
 
 
Forfeited
 
 
(33,336)
 
 
29.54
 
 
 
 
 
 
 
Outstanding at September 30, 2015
 
 
98,373
 
$
28.17
 
 
8.78
 
 
49,447
 
Exerciseable at September 30, 2015
 
 
34,615
 
$
26.27
 
 
8.17
 
 
32,007
 
Restricted Stock Activity
The following table summarizes the restricted stock activity:
 
 
 
 
 
Weighted-Average
 
 
 
Shares
 
Grant Date Fair Value
 
Unvested at December 31, 2014
 
 
333,676
 
$
25.31
 
Granted
 
 
12,155
 
 
30.78
 
Vested
 
 
(78,803)
 
 
25.14
 
Forfeited
 
 
(4,600)
 
 
31.55
 
Unvested at September 30, 2015
 
 
262,428
 
$
25.51