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Stock-Based Compensation Plan (Tables)
12 Months Ended
Dec. 31, 2013
Stock-Based Compensation Plan [Abstract]  
Summary Of Stock Option Plan Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

Weighted

 

Remaining

 

Aggregate

 

 

 

Average

 

Contractual

 

Intrinsic

 

Number of

 

Exercise

 

Term

 

Value

 

Shares

 

Price

 

(in years)

 

(in thousands)

Options outstanding, December 31, 2010

972,680 

 

$

10.32 

 

 

 

 

 

Options granted - employees

180,000 

 

$

24.82 

 

 

 

 

 

Options granted - directors

40,000 

 

$

21.62 

 

 

 

 

 

Options outstanding, December 31, 2011

1,192,680 

 

$

12.89 

 

 

 

 

 

Options granted - employees

111,000 

 

$

17.77 

 

 

 

 

 

Options granted - directors

40,000 

 

$

17.77 

 

 

 

 

 

Options forfeited - employees

(8,000)

 

$

17.77 

 

 

 

 

 

Options outstanding, December 31, 2012

1,335,680 

 

$

13.41 

 

 

 

 

 

Options granted - employees

51,300 

 

$

26.41 

 

 

 

 

 

Options granted - directors

40,000 

 

$

26.41 

 

 

 

 

 

Options forfeited - employees

(3,501)

 

$

14.87 

 

 

 

 

 

Options exercised - employees

(159,994)

 

$

9.53 

 

 

 

$

2,334 

Options outstanding, December 31, 2013

1,263,485 

 

$

14.84 

 

5.8 

 

$

11,528 

Options exercisable at December 31, 2013

1,049,685 

 

$

13.09 

 

5.3 

 

$

11,164 

Expected to vest after December 31, 2013

213,800 

 

$

23.45 

 

8.6 

 

$

363 

 

Summary Of Fair Value Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

Stock price

$

26.41 

 

 

$

17.77 

 

 

$

24.24 

 

Exercise price

$

26.41 

 

 

$

17.77 

 

 

$

24.24 

 

Expected term:

 

 

 

 

 

 

 

 

 

 

 

Employees

 

6.25 years

 

 

 

6.25 years

 

 

 

6.25 years

 

Directors

 

5.5 years

 

 

 

5.5 years

 

 

 

5.5 years

 

Expected volatility:

 

 

 

 

 

 

 

 

 

 

 

Employees

 

56.70 

%

 

 

49.50 

%

 

 

50.10 

%

Directors

 

58.60 

%

 

 

50.20 

%

 

 

50.80 

%

Dividend yield

 

 -

%

 

 

 -

%

 

 

 -

%

Risk free rate:

 

 

 

 

 

 

 

 

 

 

 

Employees

 

1.35 

%

 

 

0.75 

%

 

 

1.89 

%

Directors

 

1.16 

%

 

 

0.75 

%

 

 

1.89 

%