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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2013
Employee Benefit Plan [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options

 

Weighted-
Average
Exercise
Price Per
Share

 

Weighted-
Average
Remaining
Contractual
Terms

 

Aggregate Intrinsic Value

 

 

 

 

 

 

 

 

(in years)

 

(in thousands)

Outstanding on December 31, 2012

 

 

1,192,158 

 

$

14.30 

 

 

 

 

 

 

Granted

 

 

369,137 

 

 

27.48 

 

 

 

 

 

 

Exercised

 

 

(108,122)

 

 

12.80 

 

 

 

 

 

 

Forfeited/Cancelled

 

 

 -

 

 

 -

 

 

 

 

 

 

Outstanding on December 31, 2013

 

 

1,453,173 

 

$

17.76 

 

 

7.8 

 

$

15,970 

Exercisable on December 31, 2013

 

 

705,814 

 

$

13.45 

 

 

6.9 

 

$

10,624 

 

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2013

 

2012

 

2011

Black-Scholes option pricing model assumptions:

 

 

 

 

 

 

 

 

 

 

Risk free interest rate

 

 

1.4 

%

 

1.0 

%

 

1.9 

%

Expected life (years)

 

 

6.0 

 

 

6.0 

 

 

6.0 

 

Expected volatility

 

 

56 

%

 

56 

%

 

53 

%

Dividend yield

 

 

 -

 

 

 -

 

 

 -

 

 

Schedule of Nonvested Share Activity

 

 

 

 

 

 

 

 

 

Shares

 

Weighted-
Average
Grant-
Date
Fair Value

Non-vested share awards outstanding at December 31, 2012

 

 

326,952 

 

$

15.98 

Granted

 

 

264,383 

 

 

26.60 

Vested

 

 

(145,309)

 

 

16.77 

Forfeited

 

 

(1,531)

 

 

32.67 

Non-vested share awards outstanding at December 31, 2013

 

 

444,495 

 

$

21.98 

 

Schedule of Share-Based Compensation Expense and Related Tax Benefits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2013

 

2012

 

2011

Compensation Expense:

 

 

 

 

 

 

 

 

 

 

Stock Options

 

$

3,426 

 

$

2,621 

 

$

1,497 

 

Non-vested share awards

 

 

3,918 

 

 

2,096 

 

 

1,012 

 

Deferred Income Tax Benefit

 

 

2,704 

 

 

1,726 

 

 

936