Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Stock Option Assumptions

The following weighted average assumptions were used to determine the fair value of the stock options granted on the original grant date for expense recognition purposes for options granted during December 31, 2014, 2013 and 2012 using a Black Scholes-Merton Model:

	2014		2013		2012
Director and Officers:
Expected dividend yield	N/A		1.19	%	1.22	%
Expected volatility	N/A		47.08	%	47.54	%
Risk-free interest rate	N/A		1.55	%	1.19	%
Expected life (in years)	N/A		7		7
Employees:
Expected dividend yield	2.06	%	1.14	%	1.22	%
Expected volatility	44.85	%	45.92	%	45.99	%
Risk-free interest rate	2.26	%	1.40	%	1.19	%
Expected life (in years)	8		8		8

Summary of Stock Options Outstanding

The following is a summary of stock options vested and exercisable as of December 31, 2014:

		Weighted Average	Weighted
Range of	Number	Remaining	Average
Exercise	of	Contractual	Exercise		Intrinsic
Prices	Shares	Life	Price		Value
					(in thousands)
$3.21 - 6.89	411,553	3.46	$	5.16	$	7,113
$7.13 - 8.17	81,050	6.54	7.27		1,226
$8.65 - 21.14	175,527	6.53	8.76		2,392
Total	668,130	4.64	$	6.36	$	10,731

The following is a summary of stock options vested and exercisable as of December 31, 2013:

		Weighted Average	Weighted
Range of	Number	Remaining	Average
Exercise	of	Contractual	Exercise		Intrinsic
Prices	Shares	Life	Price		Value
					(in thousands)
$3.21 - 6.89	422,003	4.09	$	4.85	$	6,941
$7.13 - 8.17	63,225	7.45	7.24		889
$8.65 - 9.34	97,887	8.38	8.65		1,238
Total	583,115	5.17	$	5.75	$	9,068

The following is a summary of stock options vested and exercisable as of December 31, 2012:

		Weighted Average	Weighted
Range of	Number	Remaining	Average
Exercise	of	Contractual	Exercise		Intrinsic
Prices	Shares	Life	Price		Value
					(in thousands)
$3.21 - 4.31	149,288	2.86	$	3.57	$	851
$4.54 - 5.77	303,863	5.22	4.79		1,362
$6.09 - 8.13	112,725	7.86	6.95		263
Total	565,876	5.12	$	4.90	$	2,476

Summary of Stock Option Activity

A summary of option activity under the plan is as follows:

			Weighted Average Exercise
Options	Shares		Price
Outstanding at December 31, 2013	1,398,090		$	7.23
Granted	87,090		20.30
Exercised	(207,687	)	6.34
Forfeited or Expired	(43,582	)	11.11
Outstanding at December 31, 2014	1,233,911		$	8.16
Exercisable at December 31, 2014	668,130		$	6.36

Summary of Unvested Restricted Stock Awards

A summary of the unvested restricted stock awards is as follows:

			Weighted Average Grant date
Restricted stock	Shares		Fair Value
Unvested at December 31, 2013	236,009		$	12.77
Granted	266,144		18.88
Vested	(72,902	)	11.57
Forfeited	(14,405	)	16.89
Unvested at December 31, 2014	414,846		$	16.76

Summary of Grant Date Fair Value of Awards During Period

	2014		2013		2012
Grant date fair value of awards during the period:	(in thousands)
Options	$	817	$	841	$	2,569
Restricted stock	5,024		2,306		830
Total	$	5,841	$	3,147	$	3,399

Summary of Share-Based Compensation Expense

	2014		2013		2012
Share-based compensation expense:	(in thousands)
Options	$	898	$	1,170	$	958
Restricted stock	1,280		593		336
Total	$	2,178	$	1,763	$	1,294

Summary of Income Tax Benefit Related to Share-Based Compensation

	2014		2013		2012
Income tax benefit related to share-based compensation:	(in thousands)
Options	$	979	$	715	$	370
Restricted stock	260		128		23
Total	$	1,239	$	843	$	393