XML 36 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock Plans and Other Incentives (Tables)
3 Months Ended
Mar. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Option Activity and Other Plan Data

The following table presents option activity and other plan data for the three months ended March 31, 2014 and 2013:

 

                        For the Three  Months Ended March 31,                    
     2014      2013  
     Options      Weighted-
Average
Exercise
Price
     Options      Weighted-
Average
Exercise
Price
 

Outstanding at beginning of period

     627,724            $ 9.05             645,448         $ 8.94       

Granted

     —            $ —            —         $ —      

Exercised

     —            $ —            —         $ —      

Cancelled through cash settlement

     (8,862)          $ (4.09)           —         $ —      

Forfeited/cancelled/expired

     —            $ —            —         $ —      
  

 

 

       

 

 

    

Outstanding at end of period

           618,862            $ 9.12                   645,448         $ 8.94       
  

 

 

       

 

 

    

Options exercisable at end of period

     618,862           $ 9.12             420,488         $ 9.43       
  

 

 

    

 

 

    

 

 

    

 

 

 

Options exercisable which can be settled in cash

     8,862            $       4.09             35,448         $       4.67       
  

 

 

    

 

 

    

 

 

    

 

 

 
Changes in RSUs

The following table presents the changes in RSUs outstanding for the three months ended March 31, 2014 and 2013:

 

             For the Three Months Ended         
March 31,
 
     2014      2013  

Outstanding at beginning of period

     365,686           469,848     

Granted

     93,225           94,884     

Common stock delivered (A)

     (185,224)          (180,074)    

Forfeited

     (7,345)          (1,800)    
  

 

 

    

 

 

 

Outstanding at end of period

     266,342           382,858     
  

 

 

    

 

 

 

Intrinsic value (B)

    $ 4,807,000          $ 5,950,000     
  

 

 

    

 

 

 

 

 

(A)   In the 2014 period, all of the vested RSUs were issued as shares. The 2013 period includes 70,897 shares which were used to settle minimum employee withholding tax obligations for 16 employees of approximately $1,109,000. A net of 109,177 shares of common stock were delivered in the first quarter of 2013.

(B)   For purposes of this calculation, the Company’s closing stock prices were $18.05 and $15.54 per share on March 31, 2014 and 2013, respectively.