Stock Compensation (Tables)

3 Months Ended

Mar. 31, 2016

Disclosure Of Compensation Related Costs Sharebased 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. The suboptimal exercise factor is based on historical and estimated option exercise behavior.

Risk free interest rate		1.80	%
Expected dividend yield		4.60	%
Suboptimal exercise factor		1.57
Expected volatility		50.00	%
Fair value per option	$	3.45

Summary of stock option activity for the period

The following table provides a summary of stock option activity for the three months ended March 31, 2016:

	Shares			Average Exercise Price		Weighted Average Life (in Years)
Outstanding at January 1, 2016		1,409,881		$	14.12
Options granted		271,350			11.62
Options exercised		(1,111	)		10.28
Canceled or forfeited		(9,983	)		19.32
Outstanding at March 31, 2016		1,670,137			13.69		5.97
Exercisable at March 31, 2016		1,375,024		$	13.78		5.18

Summary of restricted stock unit activity for the period

The following table provides a summary of restricted stock unit activity for the three months ended March 31, 2016:

	Shares			Average Grant-Date Fair Value
Unvested shares at January 1, 2016		229,390
Granted		124,150		$	11.62
Vested		(65,931	)		16.93
Forfeited		(5,333	)		19.10
Unvested shares at March 31, 2016		282,276		$	14.35