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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Company's Stock Option Plan Activity

A summary of the stock option activity for the three months ended March 31, 2014 and 2013 is as follows:

 

     Number of
Options
    Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term
     Aggregate
Intrinsic
Value
 

Outstanding at January 1, 2014

     280,000      $ 2.91         3.9 years       $ 14,166   
  

 

 

         

Exercised

     (50,000   $ 2.50         
  

 

 

         

Outstanding at March 31, 2014

     230,000      $ 3.00         3.8 years       $ 7,683   
  

 

 

         

Exercisable at March 31, 2014

     220,000      $ 2.85         3.6 years       $ 7,382   
  

 

 

         

Outstanding at January 1, 2013

     280,000      $ 2.91         4.9 years       $ 5,007   

Outstanding at March 31, 2013

     280,000      $ 2.91         4.7 years       $ 6,816   
  

 

 

         

Exercisable at March 31, 2013

     260,000      $ 2.65         4.4 years       $ 6,397   
  

 

 

         

Information about Options Exercised

The following table summarizes information about stock options exercised for the three months ended March 31, 2014 and 2013 (option amounts not in thousands):

 

     Three Months Ended
March 31,
 
     2014      2013  

Options exercised

     50,000         —     

Total intrinsic value of exercised options

   $ 1,970       $ —     

Tax benefits realized

   $ 603       $ —     

Information with Respect to Unvested Restricted Stock Awards Stock Option and Incentive Plan

Information with respect to the activity of unvested restricted stock awards during the three months ended March 31, 2014 and 2013 is as follows:

 

     Number of
Restricted
Stock
Awards
    Weighted
Average
Grant Date
Fair Value
 

Nonvested at January 1, 2014

     735,650      $ 25.48   

Granted

     98,720      $ 48.42   

Vested

     (21,825  

Forfeited

     (505  
  

 

 

   

Nonvested at March 31, 2014

     812,040      $ 28.37   
  

 

 

   

Nonvested at January 1, 2013

     246,320      $ 14.54   

Forfeited

     (920  
  

 

 

   

Nonvested at March 31, 2013

     245,400      $ 14.51