XML 33 R23.htm IDEA: XBRL DOCUMENT v3.4.0.3
STOCK COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2016
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, 2016 is as follows:

 

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

Options outstanding, January 1, 2016

     2,242,202       $ 14.28         

Exercises

     (30,375      3.78         

Cancellations

     (23,375      15.32         

Expirations

     (800      15.95         
  

 

 

          

Options outstanding, March 31, 2016

     2,187,652         14.41         4.8         6,171,200   
  

 

 

          

 

 

 

Options exercisable, March 31, 2016

     1,694,819       $ 14.03         4.1       $ 5,584,600   
  

 

 

          

 

 

 
Summary of Restricted Stock Activity

A summary of the Company’s restricted stock activity and related information for the three months ended March 31, 2016 is as follows:

 

     Restricted
Shares
     Weighted-
average
grant date
fair value
 

Nonvested restricted shares, January 1, 2016

     101,435       $ 14.77   

Grants

     1,674         12.52   

Cancellations

     (1,250      14.84   
  

 

 

    

Nonvested restricted shares, March 31, 2016

     101,859       $ 14.73   
  

 

 

    

Total unrecognized compensation expense remaining

   $ 935,000      

Weighted-average years expected to be recognized over

     2.3      
Summary of Performance-based Award Activity

A summary of the Company’s performance-based award activity and related information for the three months ended March 31, 2016 is as follows:

 

     Performance-
based stock
awards (1)
     Weighted-
average
grant date
fair value
 

Nonvested performance-based awards, January 1, 2016

     66,150       $ 14.84   

Cancellations

     (941      14.84   
  

 

 

    

Nonvested performance-based awards, March 31, 2016

     65,209       $ 14.84   
  

 

 

    

Total unrecognized compensation expense remaining

   $ 646,600      

Weighted-average years expected to be recognized over

     1.75      

 

(1) Represents the target number of shares to be issued for each performance share award.