XML 64 R44.htm IDEA: XBRL DOCUMENT v3.3.1.900
STOCK PLANS (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of restricted stock activity
The following table summarizes the Company's restricted stock activity during the year:
 
Restricted
Stock
 
Weighted-Average
Fair Value
Outstanding at December 31, 2014
1,235,904

 
$
16.38

Granted
168,360

 
21.59

Forfeited
(86,250
)
 
16.23

Vested
(324,081
)
 
21.68

Outstanding at December 31, 2015
993,933

 
$
17.34


The following table summarizes the Company's restricted stock units activity during the year:
 
Restricted
Stock Units
 
Weighted-Average
Fair Value
 
Restricted
Stock Units Performance Based
 
Weighted-Average
Fair Value
 
Restricted
Stock Units Market Based
 
Weighted-Average
Fair Value
Outstanding at December 31, 2012
110,000

 
$
14.04

 

 
$

 

 
$

Granted

 

 

 

 

 

Forfeited

 

 

 

 

 

Vested
(15,000
)
 
14.04

 

 

 

 

Outstanding at December 31, 2013
95,000

 
$
14.04

 

 
$

 

 

Granted

 

 
331,896

 
17.34

 
112,250

 
8.24

Forfeited

 

 
(8,813
)
 
15.19

 
(8,813
)
 
8.14

Vested
(15,000
)
 
14.04

 

 

 

 

Outstanding at December 31, 2014
80,000

 
$
14.04

 
323,083

 
$
17.36

 
103,437

 
$
8.18

Granted

 

 
73,000

 
21.64

 
73,000

 
12.14

Forfeited

 

 
(15,625
)
 
15.92

 
(15,625
)
 
8.93

Vested
(35,000
)
 
14.04

 

 

 

 

Outstanding at December 31, 2015
45,000

 
$
14.04

 
380,458

 
$
18.28

 
160,812

 
$
10.12

Schedule of stock options activity
The following table summarizes the Company's stock option activity for the preceding three years.
 
Number of
Options
 
Weighted-Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Life (years)
 
Aggregate
Intrinsic Value
Outstanding at December 31, 2012
1,364,284

 
$
13.84

 
3.53
 
$
3,686,098

Exercised
(330,895
)
 
11.98

 
 
 
1,739,700

Forfeited
(10,000
)
 
10.24

 
 
 
42,400

Outstanding at December 31, 2013
1,023,389

 
$
14.48

 
2.71
 
$
4,625,520

Exercised
(375,718
)
 
12.93

 
 
 
2,237,704

Outstanding at December 31, 2014
647,671

 
$
15.37

 
2.16
 
$
4,016,809

Exercised
(377,671
)
 
$
14.98

 
 
 
$
2,496,218

Outstanding at December 31, 2015
270,000

 
$
15.93

 
1.44
 
$
1,203,600

Exercisable at December 31, 2015
262,000

 
$
15.93

 
1.30
 
$
1,181,040

Schedule of stock options outstanding and exercisable by exercise price
The following table summarizes information regarding stock options outstanding and exercisable at December 31, 2015:
 
Options Outstanding
 
Options Exercisable
Ranges of Exercise Prices
Number of
Options
 
Weighted-
Average
Remaining
Contractual
Life (years)
 
Weighted-
Average
Exercise
Price
 
Number of
Options
 
Weighted-
Average
Exercise
Price
$10.24 - $15.00
140,000

 
1.09
 
$
10.61

 
140,000

 
$
10.61

$15.01 - $18.77
20,000

 
6.12
 
15.98

 
12,000

 
15.98

$18.78 - $23.47
110,000

 
1.03
 
22.69

 
110,000

 
22.69

$10.24 - $23.47
270,000

 
1.44
 
$
15.93

 
262,000

 
$
15.93

Schedule of non-vested options
A summary of the status of the Company's non-vested options as of December 31, 2015 and 2014, and changes during the year ended December 31, 2015, is presented below.
 
Number of
Options
 
Weighted-
Average
Grant-Date
Fair Value
Non-vested at December 31, 2014
12,000

 
$
6.26

Vested
(4,000
)
 
6.26

Non-vested at December 31, 2015
8,000

 
$
6.26