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Stock-Based Compensation Plan (Tables)
9 Months Ended
Sep. 30, 2014
Stock-Based Compensation Plan [Abstract]  
Summary Of Stock Option Plan Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30,

 

2014

 

2013

 

 

 

Weighted

 

 

 

Weighted

 

 

 

Average

 

 

 

Average

 

Number of

 

Exercise

 

Number of

 

Exercise

 

Shares

 

Price

 

Shares

 

Price

Options outstanding at January 1

1,263,485 

 

$

14.84 

 

1,335,680 

 

$

13.41 

Options granted - employees

120,000 

 

$

22.09 

 

51,300 

 

$

26.41 

Options granted - directors

50,000 

 

$

22.09 

 

40,000 

 

$

26.41 

Options forfeited - employees

(5,417)

 

$

22.55 

 

(834)

 

$

5.60 

Options exercised - employees

(1,583)

 

$

17.77 

 

(158,661)

 

$

9.46 

 

 

 

 

 

 

 

 

 

 

Options outstanding at September 30

1,426,485 

 

$

15.67 

 

1,267,485 

 

$

14.85 

Options exercisable

1,154,844 

 

$

14.13 

 

1,033,498 

 

$

12.93 

Weighted average remaining term

4.8 years

 

 

 

 

5.5 years

 

 

 

 

Summary Of Fair Value Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30,

 

2014

 

2013

Stock price

$

22.09 

 

 

$

26.41 

 

Exercise price

$

22.09 

 

 

$

26.41 

 

Expected term:

 

 

 

 

 

 

 

Employees

 

6.25 years

 

 

 

6.25 years

 

Directors

 

5.5 years

 

 

 

5.5 years

 

Expected volatility:

 

 

 

 

 

 

 

Employees

 

53.50 

%

 

 

56.70 

%

Directors

 

44.80 

%

 

 

58.60 

%

Dividend yield

 

 -

%

 

 

 -

%

Risk free rate:

 

 

 

 

 

 

 

Employees

 

1.98 

%

 

 

1.35 

%

Directors

 

1.79 

%

 

 

1.16 

%