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Stock-Based Compensation Plan (Tables)
9 Months Ended
Sep. 30, 2016
Stock-Based Compensation Plan [Abstract]  
Summary Of Stock Option Activities



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

Nine Months Ended September 30,



 

2016

 

 

2015



 

 

 

Weighted

 

 

 

 

Weighted



 

 

 

Average

 

 

 

 

Average



 

Number of

 

Exercise

 

 

Number of

 

Exercise



 

Shares

 

Price

 

 

Shares

 

Price

Options outstanding at January 1

 

1,189,255 

 

$

18.08 

 

 

1,420,749 

 

$

15.67 

Options granted

 

245,000 

 

$

7.87 

 

 

183,000 

 

$

21.72 

Options exercised

 

 -

 

$

 -

 

 

(414,494)

 

$

11.45 

Options forfeited/cancelled

 

(6,000)

 

$

21.99 

 

 

 -

 

$

 -

Options outstanding at September 30

 

1,428,255 

 

$

16.31 

 

 

1,189,255 

 

$

18.08 

Options exercisable

 

1,033,518 

 

$

17.47 

 

 

884,817 

 

$

16.76 

Weighted average remaining term

 

4.7 years

 

 

 

 

 

5.1 years

 

 

 



Summary Of Fair Value Weighted Average Assumptions



 

 

 

 

 



 

 

 

 

 



Nine Months Ended



September 30,



2016

 

2015

Stock price

$

7.87 

 

$

21.72 

Exercise price

$

7.87 

 

$

21.72 



 

 

 

 

 

Expected term (years)

 

5.5 - 6.25

 

 

5.5 - 6.25

Expected volatility

 

45.4% - 46.7%

 

 

39.5% - 41.8%

Risk-free interest rate

 

1.30% - 1.40%

 

 

1.85% - 2.00%

Dividend yield

 

- %

 

 

- %



Summary Of Restricted Stock Activity



 

 

 

 

 



 

 

 

 

 



 

Number of

 

Weighted



 

Shares of

 

Average



 

Restricted

 

Grant Date



 

Stock

 

Fair Value

Restricted stock outstanding, December 31, 2015

 

48,025 

 

$

22.70 

Restricted stock granted

 

34,500 

 

$

7.87 

Restricted stock vested

 

(13,955)

 

$

23.52 

Restricted stock forfeited

 

(2,344)

 

$

21.96 

Restricted stock outstanding, September 30, 2016

 

66,226 

 

$

14.83