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STOCK COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2014
Summary of Stock Option Activity and Related Information

A summary of the Company’s stock option activity and related information for the six months ended June 30, 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

     394,400        18.83         

Exercises

     (131,563     11.10         

Cancellations

     (31,000     12.21         

Expirations

     (12,000     18.22         
  

 

 

         

Options outstanding, June 30, 2014

     2,591,487        13.74         6.36       $ 10,230,843   
  

 

 

         

 

 

 

Options exercisable, June 30, 2014

     1,740,362        13.06         5.25       $ 8,507,338