Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2015

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, 2015 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, 2014		359,375		$	22.03
Granted		117,600
Exercised		(118,090	)
Forfeited		(5,360	)
Expired		—
Outstanding at December 31, 2015		353,525		$	31.63		4.7	$	427
Exercisable at December 31, 2015		58,110		$	18.53		2.1	$	427

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, 2015, 2014 and 2013:

	2015			2014			2013
Risk free interest rate		1.54	%		1.58	%		0.80	%
Expected life in years		4.5			4.5			4.5
Expected volatility		40.82	%		44.33	%		58.50	%
Dividend rate		—			—			—

Summary of Unvested Option

The following table summarizes the status of the Company’s unvested options as of December 31, 2015 and changes during the year ended December 31, 2015:

	Options			Weighted average Grant-date Fair  Value
Unvested at December 31, 2014		359,375		$	9.82
Granted		117,600			15.41
Vested		(176,200	)		5.66
Forfeited		(5,360	)		15.41
Unvested at December 31, 2015		295,415		$	13.59

Summary of Restricted Stock Activity

The Company granted shares of restricted stock to certain key executives in February 2013, September 2014 and May 2015. All of the outstanding shares of restricted stock issued vest 25% after three years, 25% after four years and the remaining 50% after five years assuming the executive has been in continuous service to the Company since the award date. The value of restricted stock is based on the fair market value of the Company’s common stock at the date of grant. The following table summarizes restricted stock activity during the year ended December 31, 2015:

	Shares			Weighted average Grant-date Fair  Value
Restricted Stock at December 31, 2014		107,939		$	13.90
Granted		3,651		$	41.08
Vested		(45,455	)	$	11.00
Forfeited		—			—
Restricted Stock at December 31, 2015		66,135		$	17.39