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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Option Activity
Stock option activity for the year ended December 31, 2015 were as follows:
 
 
Number
of Stock Options
 
Weighted-
Average
Exercise
Price Per Share
 
Weighted-Average Remaining Contractual Life (Years)
 
Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2015
 
611,977

 
$
19.02

 
 
 
 
Granted
 
73,000

 
25.51

 
 
 
 
Exercised
 
(167,523
)
 
18.42

 
 
 
 
Expired
 
(13,875
)
 
18.58

 
 
 
 
Forfeited
 
(20,088
)
 
22.29

 
 
 
 
Outstanding at December 31, 2015
 
483,491

 
$
20.08

 
4.1
 
$
689

Exerciseable at December 31, 2015
 
251,891

 
$
18.80

 
3.4
 
$
417

Schedule of Nonvested Options Activity
Changes in nonvested stock options for the year ended December 31, 2015 were as follows:
 
 
Number of Stock Options
 
Weighted-
Average
Grant
Date Fair Value
Nonvested at January 1, 2015
 
323,565

 
$
9.42

     Granted
 
73,000

 
10.63

     Vested
 
(144,877
)
 
8.78

     Forfeited
 
(20,088
)
 
10.40

Nonvested at December 31, 2015
 
231,600

 
$
10.03

Schedule of Assumptions Used
The assumptions used to compute the fair value of stock option grants under the Stock Incentive Plans for years ended December 31, 2015, 2014, and 2013 were as follows:
 
 
Years Ended December 31,
 
 
2015
 
2014
 
2013
Risk-free interest rate
 
1.13
%
 
1.67
%
 
1.44
%
Expected volatility
 
53.72
%
 
55.27
%
 
53.89
%
Expected dividends
 

 

 

Expected term (in months)
 
47

 
66

 
66

The weighted-average assumptions used to determine the net periodic benefit costs under the two plans were as follows:

 
 
Years Ended December 31,
 
 
2015
 
2014
 
2013
Discount rate used to determine pension expense
 
 
 
 
 
 
Pension Plan
 
4.25
%
 
4.75
%
 
4.00
%
LaBarge Retirement Plan
 
3.70
%
 
4.00
%
 
3.10
%


The weighted-average assumptions used to determine the benefit obligations under the two plans were as follows:

 
 
December 31,
 
 
2015
 
2014
 
2013
Discount rate used to determine value of obligations
 
 
 
 
 
 
Pension Plan
 
4.55
%
 
4.25
%
 
4.75
%
LaBarge Retirement Plan
 
4.00
%
 
3.70
%
 
4.00
%
Long-term rate of return - Pension Plan only
 
7.50
%
 
7.50
%
 
8.00
%
Schedule of Restricted Stock Units Activity
Restricted stock unit activity for the year ended December 31, 2015 was as follows:
 
 
Number of Restricted Stock Units
 
Weighted-
Average
Grant
Date Fair Value
Outstanding at January 1, 2015
 
122,943

 
$
21.67

     Granted
 
108,500

 
25.15

     Vested
 
(66,217
)
 
20.81

     Forfeited
 
(10,035
)
 
25.32

Outstanding at December 31, 2015
 
155,191

 
$
24.24

Schedule of Performance-based Units Activity
Performance stock activity for the year ended December 31, 2015 is as follows:
 
 
Number of Performance Stock Units
 
Weighted-
Average
Grant
Date Fair Value
Outstanding at January 1, 2015
 
168,158

 
$
18.94

     Granted
 
64,000

 
25.51

     Vested
 
(35,504
)
 
13.04

     Forfeited
 
(63,157
)
 
20.65

Outstanding at December 31, 2015
 
133,497

 
$
22.86