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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan
The following table summarizes the pre-tax stock-based compensation expense included in reported net income (in thousands):
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
2014
 
2013
 
2014
 
2013
Non-qualified stock options
$
113

 
$
125

 
$
367

 
$
370

Restricted stock units
292

 
189

 
886

 
568

Board of Directors stock grants
86

 
79

 
245

 
246

Total stock-based compensation
$
491


$
393


$
1,498


$
1,184

Schedule of Share-based Compensation, Stock Options, Activity
Summarized information for the Company’s non-qualified stock options is as follows:
 
 
Number of
 
Weighted
average
 
Weighted
average
remaining
contractual
 
Aggregate
intrinsic
Stock Options
options
 
exercise price
 
term
 
value
Outstanding at December 31, 2013
569,300

 
$
9.41

 
 
 
 

Granted

 

 
 
 
 

Exercised
(221,550
)
 
8.02

 
 
 
 

Forfeited
(3,000
)
 
15.25

 
 
 
 

Expired

 

 
 
 
 

Outstanding at September 30, 2014
344,750

 
$
10.25

 
1.85
 
$
6,368,000

Exercisable at September 30, 2014
176,450

 
$
9.84

 
1.74
 
$
3,332,000

Schedule of Nonvested Restricted Stock Units Activity
Summarized share information for our restricted stock units is as follows:
 
 
Nine Months Ended September 30, 2014
 
Weighted
average
grant date
fair value
 
(In shares)
 
(In dollars)
Outstanding and unvested, beginning of period
244,031

 
$
22.17

Granted
6,615

 
24.20

Vested
(39,850
)
 
18.83

Forfeited
(2,361
)
 
17.75

Outstanding and unvested, end of period
208,435

 
$
22.92