Share-Based Payments and Employee Benefits (Tables)

9 Months Ended

Sep. 30, 2013

Changes in Non-Vested Shares of Restricted Common Stock

The following table presents activity of nonvested restricted common stock for the periods indicated as if the Reverse Split occurred on December31, 2011:

	NineMonthsEndedSeptember30,2013					YearEndedDecember31,2012
	Shares			WeightedAverage GrantDateFair ValuePerShare		Shares			WeightedAverage GrantDateFair ValuePerShare
Beginning nonvested restricted shares		357,522		$	4.32		231,506		$	5.96
Shares vested		(159,394	)		3.53		(195,017	)		4.18
Shares granted		128,134			5.27		321,033			3.05
Ending nonvested restricted shares		326,262		$	5.08		357,522		$	4.32

Weighted Average Assumptions used in Determining Fair Value of Common Stock Options

The following table presents weighted average assumptions used in determining the $2.75 and $1.67 weighted average per share grant date fair value of common stock options granted in the nine months ended September30, 2013 and the year ended December31, 2012, respectively, as adjusted to reflect the Reverse Split:

(Weighted averages)	NineMonthsEnded September30, 2013			YearEnded December31, 2012
Expected volatility		55.0	%		52.6	%
Risk-free interest rate		1.15	%		0.80	%
Expected term (in years)		5.6			5.1
Dividend yield		0.0	%		0.0	%

Activity of Non-Vested Stock Options

The following table presents activity of nonvested common stock options during the periods indicated as if the Reverse Split occurred on December 31, 2011:

	NineMonthsEndedSeptember30,2013					Year Ended December 31, 2012
	Shares			Weighted AverageExercise PricePerShare			Shares			Weighted AverageExercise PricePerShare
Beginning nonvested common stock options		872,373		$	5.41			881,600		$	5.72
Common stock options granted		205,000			9.52			184,600			3.57
Common stock options vested		(333,208	)		5.47			(189,861	)		5.11
Common stock options forfeited		(20,332	)		3.62			(3,966	)		3.00
Ending nonvested common stock options		723,833		$	6.59			872,373		$	5.41

Activity of Exercisable Common Stock Options

The following table presents activity of vested common stock options during the periods indicated as if the Reverse Split occurred on December31, 2011:

	NineMonthsEndedSeptember30,2013					Year Ended December 31, 2012
	Shares			Weighted AverageExercise PricePerShare			Shares			Weighted AverageExercise PricePerShare
Beginning vested common stock options		181,327		$	5.21			—		$	—
Common stock options exercised		(20,668	)		3.00			(8,534	)		3.00
Common stock options vested		333,208			5.47			189,861			5.11
Ending vested common stock options		493,867		$	5.48			181,327		$	5.21

Intrinsic Value of Options Outstanding and Exercisable

The following table provides information pertaining to the intrinsic value of common stock options outstanding and exercisable as of:

(Dollars in thousands)	September30, 2013		December31, 2012
Intrinsic value of common stock options outstanding	$	7,133	$	106
Intrinsic value of common stock options exercisable		3,221		37

Intrinsic Value of Options Exercised and Fair Value of Options Vested

The following table presents the intrinsic value of common stock options exercised and the fair value of common stock options that vested during the periods indicated:

(Dollars in thousands)	NineMonthsEnded September 30, 2013		YearEnded December31, 2012
Intrinsic value of common stock options exercised(1)	$	137	$	10
Fair value of common stock options vested(2)		615		327

(1)The intrinsic value of common stock options exercised is the difference between the fair market value of the Company’s common stock on the exercise date and the exercise price.

(2)The fair value of common stock options vested is based on the grant date fair value.