Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2015

EMPLOYEE BENEFITS

Schedule of assumptions used to determine fair value of time-based options

	2015		2014
Expected term (years)	6.5		6.5
Risk-free interest rate	1.66% - 2.06	%	1.07% - 2.12	%
Expected volatility	55	%	56	%
Dividend yield	-	%	-	%

Summary of changes in outstanding time-based stock options

	Number of Options		Weighted- Average Exercise Price	Average Remaining Contractual Term (In Years)
Shares under option—December 31, 2014	1,096,774	$	9.28	3.7
Shares granted	162,500		12.65
Shares forfeited or expired	(7,267)		9.54
Shares exercised	(170,106)		9.02
Shares under option—December 31, 2015	1,081,901		9.82	3.9
Shares exercisable—December 31, 2015	872,641		9.18	2.6
Shares under option—December 31, 2013	1,099,264	$	9.19	4.6
Shares granted	14,042		15.70
Shares forfeited or expired	(2,366)		10.24
Shares exercised	(14,166)		8.25
Shares under option—December 31, 2014	1,096,774		9.28	3.7
Shares exercisable—December 31, 2014	1,020,743		9.14	3.4

Summary of the status of nonvested time-based options

	Number of Options		Average Grant-Date Fair Value
Nonvested options—December 31, 2014	76,031	$	3.29
Shares granted	162,500		6.89
Shares forfeited	(7,267)		2.84
Shares vested	(22,004)		2.32
Nonvested options—December 31, 2015	209,260	$	6.21
Nonvested options—December 31, 2013	188,471	$	1.87
Shares granted	14,042		8.16
Shares forfeited	(2,028)		2.11
Shares vested	(124,454)		3.12
Nonvested options—December 31, 2014	76,031	$	3.29