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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of the status of the Company's restricted stock shares
A summary of the status of the Company’s restricted stock shares (restricted stock awards and restricted stock unit awards) as of December 31, 2014 and changes during the year ended December 31, 2014 is presented below:
 
Number of Shares
 
Weighted-Average
Grant Date Fair Value ($)
Outstanding at December 31, 2013
336,048

 
22.99

Granted
182,464

 
55.14

Vested
(111,782
)
 
22.96

Forfeited
(42,839
)
 
25.47

Outstanding at December 31, 2014
363,891

 
38.83

Summary of share option activity
A summary of share option activity under the 2011 Plan as of December 31, 2014 and changes during the year ended December 31, 2014 is presented below:
 
Number
of Options
 
Weighted-
Average
Exercise
Price ($)
 
Average
Remaining
Contractual
Term
(Years)
 
Aggregate
Intrinsic
Value
($000)
Outstanding at December 31, 2013
56,500

 
8.26

 
6.7
 
2,099

Exercised
(21,125
)
 
8.18

 
 
 
 
Forfeited or expired
(3,750
)
 
8.21

 
 
 
 
Outstanding at December 31, 2014
31,625

 
8.32

 
5.7
 
2,127

Exercisable at December 31, 2014
30,875

 
8.22

 
5.7
 
2,080

Vested or Expected to Vest at December 31, 2014
31,614

 
8.32

 
5.7
 
2,126

Multiple input variables of performance share awards
The grant date fair value of the performance share awards was determined through the use of a Monte Carlo simulation model, which utilizes multiple input variables that determine the probability of satisfying the market condition requirements applicable to each award as follows:
 
Weighted-Average at Grant Date for Twelve Months Ended December 31, 2014
 
Weighted-Average at Grant Date for Twelve Months Ended December 31, 2013
 
Expected volatility factor
0.42

 
0.41

 
Risk free interest rate
0.65

%
0.33

%
Expected term (in years)
2.77

 
2.65

 
Expected dividend yield

%

%
Performance share award activity
The following table summarizes the Company’s performance share awards for the year ended December 31, 2014:
 
Number of Awards
 
Weighted-Average Fair Value at Grant Date ($)
Outstanding at December 31, 2013
327,104

 
22.94

Granted
53,841

 
59.45

Vested
(185,907
)
 
20.40

Forfeited
(52,468
)
 
23.92

Outstanding at December 31, 2014
142,570

 
39.67