XML 80 R45.htm IDEA: XBRL DOCUMENT v2.4.1.9
Stock-Based Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Options Granted and Outstanding

Options outstanding under the 2004 and 2010 Plans are as follows:

SUMMARY OF STOCK OPTIONS GRANTED AND OUTSTANDING

 

     Incentive      Nonqualified      Total  

Options granted and outstanding:

        

December 31, 2014 at prices ranging from $14.25 to $87.45 per share

     111,605         207,296         318,901   

December 31, 2013 at prices ranging from $14.25 to $87.45 per share

     112,546         186,561         299,107   

December 31, 2012 at prices ranging from $14.25 to $87.45 per share

     160,630         190,012         350,642   
Summary of Stock Option Activity

Activity in the stock option plans for the years ended December 31, 2014, 2013 and 2012, respectively was as follows:

SUMMARY OF STOCK OPTION ACTIVITY (1)

 

Years Ended December 31,

   2014      2013      2012  
     Number of
Options
    Weighted
Average

Exercise
Price
     Number of
Options
    Weighted
Average

Exercise
Price
     Number of
Options
    Weighted
Average
Exercise
Price
 

Options outstanding, beginning of year

     299,107      $ 36.80         350,642      $ 36.75         565,615      $ 39.70   

Granted

     144,296        19.33         19,222        17.95         46,529        14.60   

Exercised

     (802 )      14.98         (559 )      14.25         —          —     

Forfeited

     (24,324 )      17.12         (30,758 )      17.40         (19,423 )      18.95   

Expired

     (98,579 )      43.63         (39,440 )      43.05         (242,079 )      40.80   
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Options outstanding, end of year

  318,901    $ 28.34      299,107    $ 36.75      350,642    $ 36.75   
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Options exercisable, end of year

  161,984    $ 37.14      249,853    $ 40.50      235,755    $ 43.05   
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Options vested or expected to vest (2)

  287,202    $ 29.34      249,176    $ 37.40      306,225    $ 37.30   
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

 

(1)  Prior periods were retroactively adjusted for the impact of the 1-for-5 reverse stock split completed on August 11, 2014.
(2)  Includes vested shares and nonvested shares after a forfeiture rate assumption, which is based upon historical data, is applied.
Summary of Nonvested Option Activity

A summary of the Company’s nonvested Options at December 31, 2014, 2013 and 2012, respectively, are presented in the following table:

SUMMARY OF NONVESTED OPTION ACTIVITY (1)

 

Years Ended December 31,

   2014      2013      2012  
     Number
of Shares
    Weighted
Average
Grant Date
Fair Value
     Number
of Shares
    Weighted
Average
Grant Date
Fair Value
     Number
of Shares
    Weighted
Average
Grant Date
Fair Value
 

Nonvested Options outstanding, beginning of year

     49,254      $ 17.75         116,948      $ 24.15         158,105      $ 29.50   

Granted

     144,296        8.70         19,222        17.95         46,529        14.60   

Vested

     (12,309 )      8.44         (56,158 )      31.30         (68,263 )      31.50   

Forfeited

     (24,324 )      7.91         (30,758 )      17.40         (19,423 )      18.95   
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Nonvested Options outstanding, end of year

  156,917    $ 11.68      49,254    $ 17.75      116,948    $ 24.15   
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

 

(1)  Prior periods were retroactively adjusted for the impact of the 1-for-5 reverse stock split completed on August 11, 2014.
Summary of Nonvested Stock Award Activity

A summary of the Company’s nonvested Stock Awards at December 31, 2014, 2013 and 2012, respectively, are presented in the following table:

SUMMARY OF NONVESTED STOCK AWARD ACTIVITY (1)

 

Years Ended December 31,

   2014      2013      2012  
     Number
of Shares
    Weighted
Average
Grant Date
Fair Value
     Number
of Shares
    Weighted
Average
Grant Date
Fair Value
     Number
of Shares
    Weighted
Average
Grant Date
Fair Value
 

Nonvested Stock Awards outstanding, beginning of year

     86,366      $ 15.65         127,807      $ 16.50         35,197      $ 30..35   

Issued

     218,824        14.14         87,534        17.70         117,627        14.40   

Vested

     (21,930 )      17.05         (19,980 )      23.65         (21,202 )      27.85   

Forfeited

     (34,606 )      15.41         (108,995 )      16.85         (3,815 )      16.05   
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Nonvested Stock Awards outstanding, end of year

  248,654    $ 14.22      86,366    $ 15.65      127,807    $ 16.50   
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

 

(1)  Prior periods were retroactively adjusted for the impact of the 1-for-5 reverse stock split completed on August 11, 2014.