Stock-Based Compensation	6 Months Ended
Jun. 30, 2015
Stock-Based Compensation
Stock-Based Compensation	9. Stock-Based Compensation Stock Options and Grants There were no stock options granted during the six months ended June 30, 2015 and 2014. The Company recognized no stock-based compensation expense related to stock options for the three months ended June 30, 2015 and 2014, as all stock options previously granted were fully vested. As of June 30, 2015, there were no unrecognized compensation costs related to unvested stock options. On April 21, 2015, the Company authorized vested stock grants to certain directors totaling 32,357 common shares. The total value of the grant, based on the fair value of common stock on the grant date, was $722 and is included in General and administrative expenses within the Consolidated Statement of Income. On April 22, 2014, the Company authorized vested stock grants to certain directors totaling 19,336 common shares. The total value of the grant, based on the fair value of common stock on the grant date, was $491 and is included in General and administrative expenses within the Consolidated Statement of Income. Restricted Stock Units During the six months ended June 30, 2015, the Company authorized certain one-time grants of 3,963 restricted stock units to an executive that vest five years from date of issuance. During the six months ended June 30, 2015 and 2014, 1,416 restricted stock units vested. No restricted stock units were forfeited in the six months ended June 30, 2015. During the six months ended June 30, 2014, 4,124 restricted stock units were forfeited under the amended and restated Long-Term Incentive Plan and became available for reissuance. The Company recognized $403 and $721 of stock-based compensation expense related to the restricted stock units for the three months ended June 30, 2015 and 2014, respectively, which is included in General and administrative expenses within the Consolidated Statements of Income. The Company recognized $805 and $1,450 of stock-based compensation expenses related to restricted stock units for the six months ended June 30, 2015 and 2014, respectively, which is included in General and administrative expenses within the Consolidated Statements of Income. As of June 30, 2015, there was $3,720 of unrecognized stock-based compensation costs, net of estimated forfeitures, related to the restricted stock units that are expected to be recognized over a weighted average remaining period of approximately 4.1 years. Performance Share Units In September 2014, the Board of Directors authorized a performance-based incentive program under the Company’s Long-Term Incentive Plan (“Performance-Based Incentive Program”), whereby, the Company will issue performance share units to certain executive management individuals that represent shares potentially issuable in the future. The objective of the Performance-Based Incentive Program is to link compensation to business performance, encourage ownership of Company stock, retain executive talent, and reward executive performance. The Performance-Based Incentive Program provides participating executive management individuals with the opportunity to earn vested common stock if certain performance targets for pre-tax free cash flow are achieved over a three year performance period and recipients satisfy service-based vesting requirements. The stock-based compensation expense associated with unvested performance share units are recognized on a straight-line basis over the shorter of the vesting period or minimum service period and dependent upon the probable outcome of the number of shares that will ultimately be issued based on the achievement of pre-tax free cash flow over the cumulative three year period. In April 2015 and September 2014 the Company granted 103,600 and 91,054 performance share units, respectively, to certain individuals within executive management. No performance share units were forfeited during 2015 and no performance share units were vested as of June 30, 2015. The Company recognized $445 and $606 of stock-based compensation expense related to the Performance-Based Incentive Program for the three and six months ended June 30, 2015, respectively, and is included in General and administrative expenses within the Consolidated Statements of Income. During the six months ended June 30, 2015, no performance-based shares were forfeited. There was no such program in place during the six months ended June 30, 2014. Future compensation expense for currently outstanding awards under the Performance Based Incentive Program could reach a maximum of $7,806. Stock-based compensation for the Performance-Based Incentive Program is expected to be recognized over a weighted average period of 2.1 years.

9. Stock-Based Compensation

Stock Options and Grants

There were no stock options granted during the six months ended June 30, 2015 and 2014. The Company recognized no stock-based compensation expense related to stock options for the three months ended June 30, 2015 and 2014, as all stock options previously granted were fully vested. As of June 30, 2015, there were no unrecognized compensation costs related to unvested stock options.

On April 21, 2015, the Company authorized vested stock grants to certain directors totaling 32,357 common shares. The total value of the grant, based on the fair value of common stock on the grant date, was $722 and is included in General and administrative expenses within the Consolidated Statement of Income. On April 22, 2014, the Company authorized vested stock grants to certain directors totaling 19,336 common shares. The total value of the grant, based on the fair value of common stock on the grant date, was $491 and is included in General and administrative expenses within the Consolidated Statement of Income.

Restricted Stock Units

During the six months ended June 30, 2015, the Company authorized certain one-time grants of 3,963 restricted stock units to an executive that vest five years from date of issuance. During the six months ended June 30, 2015 and 2014, 1,416 restricted stock units vested. No restricted stock units were forfeited in the six months ended June 30, 2015. During the six months ended June 30, 2014, 4,124 restricted stock units were forfeited under the amended and restated Long-Term Incentive Plan and became available for reissuance.

The Company recognized $403 and $721 of stock-based compensation expense related to the restricted stock units for the three months ended June 30, 2015 and 2014, respectively, which is included in General and administrative expenses within the Consolidated Statements of Income. The Company recognized $805 and $1,450 of stock-based compensation expenses related to restricted stock units for the six months ended June 30, 2015 and 2014, respectively, which is included in General and administrative expenses within the Consolidated Statements of Income. As of June 30, 2015, there was $3,720 of unrecognized stock-based compensation costs, net of estimated forfeitures, related to the restricted stock units that are expected to be recognized over a weighted average remaining period of approximately 4.1 years.

Performance Share Units

In September 2014, the Board of Directors authorized a performance-based incentive program under the Company’s Long-Term Incentive Plan (“Performance-Based Incentive Program”), whereby, the Company will issue performance share units to certain executive management individuals that represent shares potentially issuable in the future. The objective of the Performance-Based Incentive Program is to link compensation to business performance, encourage ownership of Company stock, retain executive talent, and reward executive performance. The Performance-Based Incentive Program provides participating executive management individuals with the opportunity to earn vested common stock if certain performance targets for pre-tax free cash flow are achieved over a three year performance period and recipients satisfy service-based vesting requirements. The stock-based compensation expense associated with unvested performance share units are recognized on a straight-line basis over the shorter of the vesting period or minimum service period and dependent upon the probable outcome of the number of shares that will ultimately be issued based on the achievement of pre-tax free cash flow over the cumulative three year period. In April 2015 and September 2014 the Company granted 103,600 and 91,054 performance share units, respectively, to certain individuals within executive management. No performance share units were forfeited during 2015 and no performance share units were vested as of June 30, 2015.

The Company recognized $445 and $606 of stock-based compensation expense related to the Performance-Based Incentive Program for the three and six months ended June 30, 2015, respectively, and is included in General and administrative expenses within the Consolidated Statements of Income. During the six months ended June 30, 2015, no performance-based shares were forfeited. There was no such program in place during the six months ended June 30, 2014. Future compensation expense for currently outstanding awards under the Performance Based Incentive Program could reach a maximum of $7,806. Stock-based compensation for the Performance-Based Incentive Program is expected to be recognized over a weighted average period of 2.1 years.