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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2014
Stock-Based Compensation  
Assumptions used in estimating fair value of stock options

 

                                                                                                                                                                          

 

 

2014

 

2013

 

Dividend yield

 

%

%

Expected volatility

 

44.3 

%

43.9 

%

Expected life of option

 

Five Years

 

Five Years

 

Risk-free interest rate

 

1.7 

%

0.7 

%

Fair value of each option on grant date

 

$

11.49 

 

$

4.87 

 

 

Stock option activity

                                                                                                                                                            

 

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

 

 

Exercise

 

 

 

Shares

 

Price

 

 

 

 

 

 

 

Outstanding at January 1, 2014

 

11,417

 

$

8.87

 

Granted

 

1,250

 

28.25

 

Exercised

 

(5,916

)

7.56

 

Expired and forfeited

 

(1,666

)

7.77

 

Outstanding at June 30, 2014

 

5,085

 

15.51

 

Exercisable at June 30, 2014

 

1,083

 

9.46

 

 

Restricted stock activity

                                                                                                                                                           

 

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

Shares

 

Price

 

Outstanding at January 1, 2014

 

 

$

 

Granted

 

3,000 

 

28.25 

 

Outstanding at June 30, 2014

 

3,000 

 

28.25