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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of stock option activity

The following table summarizes the activity of stock options for the year ended December 31, 2013 for both employees and non-employee directors:

 

     Options     Weighted
average
exercise price
     Weighted
Average
Remaining
Contractual
Life (years)
     Aggregate
Intrinsic
Value
(000’s)
 

Outstanding at December 31, 2012

     784,920     $ 11.04        

Granted

     149,865          

Exercised

     (295,515 )        

Forfeited

     (19,545 )        

Expired

     (31,215 )        
  

 

 

   

 

 

       

Outstanding at December 31, 2013

     588,510     $ 14.76        4.5      $ 10,174  
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at December 31, 2013

     158,700     $ 10.36        2.5      $ 3,442  
  

 

 

   

 

 

    

 

 

    

 

 

 

Summary of Weighted Average Assumptions Used In Valuing Options

The following table summarizes the weighted average assumptions used in valuing options for the years ended December 31, 2013, 2012 and 2011:

 

     2013     2012     2011  

Risk free interest rate

     0.80     0.84     2.17

Expected life in years

     4.5       5       5  

Expected volatility

     58.50     59.82     57.99

Dividend rate

     —         —         —    
Summary of Unvested Option

The following table summarizes the status of the Company’s unvested options as of December 31, 2013 and changes during the year ended December 31, 2013:

 

     Options     Weighted average
Grant-date Fair Value
 

Unvested at December 31, 2012

     419,385     $ 5.15  

Granted

     149,865       12.95  

Vested

     (119,895 )     4.15  

Forfeited

     (19,545 )     7.93  
  

 

 

   

 

 

 

Unvested at December 31, 2013

     429,810     $ 8.02  
  

 

 

   

 

 

 
Summary of Restricted Stock Activity

The following table summarizes restricted stock activity during the year ended December 31, 2013:

 

     Shares     Weighted average
Grant-date Fair Value
 

Restricted Stock at December 31, 2012

     148,231     $ 10.79  

Granted

     —         —    

Vested

     (25,500 )     9.81  

Forfeited

     —         —    
  

 

 

   

 

 

 

Restricted Stock at December 31, 2013

     122,731     $ 11.00