Stock Compensation (Tables)

3 Months Ended

Mar. 31, 2014

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

Fair Value of stock options granted assumptions used

The expected volatility is derived from historical volatility of the Company’s shares and those of similar companies measured against the market as a whole.

Model
Risk free interest rate	2.80		%
Expected dividend yield	2.50		%
Expected life of award (years)	7.0
Expected volatility	50.00		%
Fair value per option share	$	7.05

Summary of stock option activity for the period

The following table provides a summary of stock option activity for the period ended March 31, 2014:

	Shares		Average Exercise Price		Weighted Average Life
Outstanding at January 1, 2014	1,574,572		$	12.14
Options granted	209,500		20.93
Options exercised	(142,957	)	12.17
Canceled or forfeited	(1,567	)	12.27
Outstanding at March 31, 2014	1,639,548		$	13.26	6.37 years
Exercisable at March 31, 2014	1,163,743		$	11.67	5.22 years

Summary of restricted stock activity for the period

The following table provides a summary of combined RSU and restricted stock activity for the three months ended March 31, 2014:

	Awards		Average Grant-Date Fair Value
Unvested at January 1, 2014	275,525
Granted	104,100		$	20.93
Released	(123,829	)	11.75
Canceled or forfeited	(1,700	)	18.03
Unvested at March 31, 2014	254,096		$	16.81