Stock Plans and Other Incentives (Tables)

6 Months Ended

Jun. 30, 2015

The following table presents option activity and other plan data for the six months ended June 30, 2015 and 2014:


	For the Six Months Ended June 30,
	2015				2014
	Options		Weighted- Average Exercise Price		Options		Weighted- Average Exercise Price

Outstanding at beginning of period		582,500	$	9.52		627,724	$	9.05
Granted		—	$	—		20,000	$	18.52
Exercised		(7,500)	$	(7.50)		—	$	—
Cancelled through cash settlement		—	$	—		(8,862)	$	(4.09)
Forfeited/cancelled/expired		—	$	—		—	$	—

Outstanding at end of period		575,000	$	9.55		638,862	$	9.41

Options exercisable at end of period		559,000	$	9.29		618,862	$	9.12

Options exercisable which can be settled in cash		—	$	—		8,862	$	4.09

The following table presents the changes in RSUs outstanding for the six months ended June 30, 2015 and 2014:


	For the Six Months Ended June 30,
	2015		2014
Outstanding at beginning of period		277,973		365,686
Granted		80,066		95,136
Common stock delivered (A) (B)		(105,970)		(185,224)
Forfeited		(1,103)		(7,345)

Outstanding at end of period		250,966		268,253

Intrinsic value (C)	$	5,566,000	$	5,655,000

(A) The 2015 period includes 41,136 shares which were used to settle minimum employee withholding tax obligations for 28 employees of approximately $993,000 in 2015. A net of 64,834 shares of common stock were delivered in 2015.
(B) In the 2014 period, all of the vested RSUs were issued as shares.
(C) For purposes of this calculation, the Company’s closing stock prices were $22.18 and $21.08 per share on June 30, 2015 and 2014, respectively.