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Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2016
Restricted Stock  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Restricted Stock Activity
A summary of the activity of the Company's non-vested restricted stock under the 2010 Plan for the three months ended March 31, 2016 and 2015, respectively, is presented below:
 
2016
 
2015
 
Number of
Non-vested
Restricted
Shares
 
Weighted
Average Per Share
Grant Date
Fair Value (1)
 
Number of
Non-vested
Restricted
Shares
 
Weighted
Average Per Share
Grant Date
Fair Value (1)
Non-vested shares at January 1
280,457

 
$
7.63

 
162,171

 
$
7.26

Granted
60,453

 
4.16

 
185,650

 
7.79

Vested
(121,852
)
 
7.54

 
(67,364
)
 
7.18

Non-vested shares as of March 31
219,058

 
$
6.72

 
280,457

 
$
7.63

Weighted-average fair value of restricted stock granted during the period
60,453

 
$
4.16

 
185,650

 
$
7.79


(1) 
The grant date fair value of restricted stock awards is based on the closing market price of the Company’s common stock at the grant date.