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STOCK COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2014
Summary of Stock Option Activity and Related Information

A summary of the Company’s stock option activity and related information for the three months ended March 31, 2014 is as follows:

 

     Options     Weighted-
average
exercise price
     Weighted-
average
remaining
contractual
life (years)
     Aggregate
intrinsic

value
 

Options outstanding, January 1, 2014

     2,371,650      $ 12.75         

Grants

     100,000        18.04         

Exercises

     (105,213     11.41         

Cancellations

     (5,000     15.60         
  

 

 

         

Options outstanding, March 31, 2014

     2,361,437        13.03         6.16       $ 14,624,245   
  

 

 

         

 

 

 

Options exercisable, March 31, 2014

     1,450,637        13.21         5.09       $ 9,948,309