Equity-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2014

Stock option activity for the nine months ended September 30, 2014 follows:

	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Terms	Aggregate Intrinsic Value (Current Value Less Exercise Price)
		(per share)		(in years)	(in thousands)
Outstanding, December 31, 2013	893,000	$	9.75	7.2	$	—
Granted	—	—
Exercised	47,000	9.75
Forfeited	—	—

Outstanding, September 30, 2014	846,000	$	9.75	6.4	$	871

Exercisable, September 30, 2014	507,600	$	9.75	6.4	$	523

Schedule of equity-based compensation expense included in corporate general and administrative in the Consolidated Statements of Operations

Equity-based compensation expense included in corporate general and administrative in the Consolidated Statements of Operations for the three and nine months ended September 30, 2014 and 2013 follows (in thousands):

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2014		2013		2014		2013
Stock options	$	146	$	155	$	527	$	466
Time-based restricted stock	233		167		727		443
Performance-based restricted stock	548		11		1,202		382
Director stock	148		13		387		325
	$	1,075	$	346	$	2,843	$	1,616

Restricted Stock Awards | Time-based

Equity-based compensation

Schedule of restricted stock activity

	Number of Shares	Weighted Average Grant Date Fair Value		Aggregate Current Value
		(per share)		(in thousands)
Non-vested, December 31, 2013	161,587	$	9.10	$	1,454
Granted	116,981	9.82
Vested	49,665	9.42
Forfeited	1,756	9.82
Non-vested, September 30, 2014	227,147	$	9.39	$	2,449

Restricted Stock Awards | Performance-based

Equity-based compensation

Schedule of restricted stock activity

	Number of Shares	Weighted Average Grant Date Fair Value		Aggregate Current Value
		(per share)		(in thousands)
Non-vested, December 31, 2013	268,174	$	6.48	$	2,414
Granted	161,935	7.12
Vested	45,551	6.50
Forfeited	—	—
Non-vested, September 30, 2014	384,558	$	6.75	$	4,146