Stock Compensation (Tables)

9 Months Ended

Sep. 30, 2015

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	2.10		%
Expected dividend yield	2.90		%
Expected life of award (years)	8.0
Expected volatility	50.00		%
Fair value per option share	$	6.03

Summary of stock option activity for the period

The following table provides a summary of stock option activity for the period ended September 30, 2015:

	Shares		Average Exercise Price		Weighted Average Life
Outstanding at January 1, 2015	1,512,756		$	13.24
Options granted	208,200		18.67
Options exercised	(96,161	)	12.53
Canceled or forfeited	(71,567	)	17.30
Outstanding at September 30, 2015	1,553,228		$	13.83	5.49 years
Exercisable at September 30, 2015	1,179,025		$	12.32	4.25 years

Summary of restricted stock activity for the period

The following table provides a summary of combined RSU and restricted stock activity for the period ended September 30, 2015:

	Awards		Average Grant-Date Fair Value
Unvested at January 1, 2015	236,196
Granted	93,500		$	18.69
Vested	(138,902	)	15.54
Canceled or forfeited	(22,798	)	18.63
Unvested at September 30, 2015	167,996		$	18.61