Share-Based Payments and Other Executive Compensation (Tables)

12 Months Ended

Dec. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Significant weighted average assumptions

The significant weighted average assumptions used for the years ended December 31, 2013, 2012 and 2011 were as follows:

	2013			2012			2011
Dividend yield	—		%	—		%	—		%
Volatility rate	52.37%-52.49%			47.40%-61.25%			40.24%-52.55%
Risk-free interest rate	1.66%-1.86%			0.17%-0.43%			0.15%-0.65%
Expected life (years)	6.25			0.50-4.08			0.26-4.41
Weighted average fair value of units granted	$	8.75		$	7.98		$	11.63

Summary of stock options activity

A summary of the status of the stock option activity for the years ended December 31, 2013, 2012 and 2011 is presented below:

	2013				2012			2011
	Stock Options		Weighted Average Exercise Price		Stock Options	Weighted Average Exercise Price		Stock Options	Weighted Average Exercise Price
Outstanding at beginning of year	110,000		$	25.00	110,000	$	25.00	110,000	$	25.00
Granted	585,036		16.99		—	—		—	—
Exercised	—		—		—	—		—	—
Forfeited	(110,000	)	—		—	—		—	—
Outstanding at end of year	585,036		16.99		110,000	25.00		110,000	25.00
Exercisable at end of year	—		$	—	110,000	$	25.00	110,000	$	25.00

Summary of restricted stock and stock units activity

A summary of the restricted stock and stock units activity for the year ended December 31, 2013, is presented below:

	Restricted Stock and Stock Units			Weighted Average Grant Date Fair Value
Outstanding at beginning of year	230,095		(1)	$	15.38
Granted	95,242			21.85
Converted/Exercised	(56,911	)		11.29
Expired/Forfeited/Cancelled	(147,838	)		16.88
Outstanding at end of year	120,588			$	19.68

(1) Restricted stock shares are considered legally outstanding but are not considered outstanding for accounting purposes until the vesting conditions are satisfied in accordance with authoritative accounting guidance.