Equity (Tables)

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Schedule of Restricted Stock Units

The following is a summary of the number of restricted stock units outstanding as of March 31, 2015 and 2014:

	March 31, 2015	March 31, 2014
Outstanding at the beginning of the year	83,043	37,407
Outstanding at the end of the period (1)	83,043	37,407

_____________

(1) As of March 31, 2015, 37,407 restricted stock units are vested.

Schedule of Share-based Compensation Arrangement, Restricted Stock

The following is a summary of the number of shares of restricted stock outstanding as of March 31, 2015 and 2014:

	March 31, 2015		March 31, 2014
Outstanding at the beginning of the year	711,376		423,325
Issued (1)	640,865		450,065
Restrictions lapsed (2)	(202,354	)	(105,831	)
Outstanding at the end of the period	1,149,887		767,559

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(1) Shares issued in 2015 had a grant price of $4.48 per share. Shares issued in 2014 had a grant price of $4.20 per share.

(2) 60,376 and 33,592 of these shares were surrendered in 2015 and 2014, respectively, to pay withholding tax