Share-Based Payment Arrangements (Tables)

9 Months Ended

Sep. 30, 2016

Share-Based Payment Arrangements [Abstract]

Summary of the Status of Stock Options

A summary of the status of our stock options as of September 30, 2016 and changes during the nine months then ended is presented below:

				Average
		Weighted		Remaining	Aggregate
		Average		Contractual	Intrinsic
	Number of	Exercise		Term	Value
	Shares	Price		(Years)	($000)
Outstanding at January 1, 2016	869,113	$	9.51
Granted	-
Exercised	(70,000)		6.66
Forfeited or expired	(62,382)	$	11.58
Outstanding at September 30, 2016	736,731	$	9.60	1.8	$	1,226
Exercisable at September 30, 2016	736,731	$	9.60	1.8	$	1,226

Schedule of Options, Grants in Period and Grant Date Intrinsic Value

The following table details the intrinsic value of options exercised, total cost of share-based payments charged against income before income tax benefit and the amount of related income tax benefit recognized in income for the periods indicated (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Intrinsic value of options exercised	$	250	$	5	$	250	$	387
Cost of share-based payments (non-cash)	$	-	$	38	$	38	$	118
Income tax benefit of share-based payments recognized in income	$	-	$	8	$	8	$	23

Summary of the Status of Restricted Stock Units

A summary of the status of our restricted stock units as of September 30, 2016 and changes during the nine months then ended is presented below:

	Number of
	Restricted
	Stock Units
Non-vested at January 1, 2016	296,571
Granted	122,770
Vested	(7,144)
Forfeited	(94,880)
Non-vested at September 30, 2016	317,317