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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Company's Stock Option Plan Activity

A summary of the stock option activity for the three and nine months ended September 30, 2016 and 2015 is as follows (option amounts not in thousands):

 

                   Weighted         
            Weighted      Average         
            Average      Remaining      Aggregate  
     Number of      Exercise      Contractual      Intrinsic  
     Options      Price      Term      Value  

Outstanding at January 1, 2016

     110,000       $ 3.19         2.3 years       $ 3,482   

Outstanding at March 31, 2016

     110,000       $ 3.19         2.1 years       $ 3,312   
  

 

 

          

Outstanding at June 30, 2016

     110,000       $ 3.19         1.8 years       $ 2,650   
  

 

 

          

Outstanding at September 30, 2016

     110,000       $ 3.19         1.6 years       $ 2,989   
  

 

 

          

Exercisable at September 30, 2016

     110,000       $ 3.19         1.6 years       $ 2,989   
  

 

 

          

Outstanding at January 1, 2015

     230,000       $ 3.00         3.0 years       $ 9,256   

Outstanding at March 31, 2015

     230,000       $ 3.00         2.8 years       $ 9,861   
  

 

 

          

Exercised

     (80,000    $ 2.50         
  

 

 

          

Outstanding at June 30, 2015

     150,000       $ 3.26         2.9 years       $ 6,142   
  

 

 

          

Exercised

     (10,000    $ 6.30         
  

 

 

          

Outstanding at September 30, 2015

     140,000       $ 3.04         2.4 years       $ 5,002   
  

 

 

          

Exercisable at September 30, 2015

     140,000       $ 3.04         2.4 years       $ 5,002   
  

 

 

          
Information with Respect to Unvested Restricted Stock Awards Stock Option and Incentive Plan

Information with respect to the activity of unvested restricted stock awards during the three and nine months ended September 30, 2016 and 2015 is as follows:

 

     Number of      Weighted  
     Restricted      Average  
     Stock      Grant Date  
     Awards      Fair Value  

Nonvested at January 1, 2016

     620,513       $ 30.33   

Vested

     (20,917    $ 48.42   

Cancelled

     (160,000    $ 26.27   

Forfeited

     (750    $ 45.25   
  

 

 

    

Nonvested at March 31, 2016

     438,846       $ 30.93   
  

 

 

    

Granted

     102,440       $ 32.21   

Vested

     (24,235    $ 37.34   

Forfeited

     (5,147    $ 42.20   
  

 

 

    

Nonvested at June 30, 2016

     511,904       $ 30.77   
  

 

 

    

Vested

     (2,000    $ 37.68   

Forfeited

     (5,890    $ 36.67   
  

 

 

    

Nonvested at September 30, 2016

     504,014       $ 30.67   
  

 

 

    

Nonvested at January 1, 2015

     639,705       $ 28.33   

Vested

     (41,695    $ 36.15   

Forfeited

     (1,088    $ 48.42   
  

 

 

    

Nonvested at March 31, 2015

     596,922       $ 27.75   
  

 

 

    

Granted

     83,260       $ 44.46   

Vested

     (16,000    $ 13.48   

Forfeited

     (33,324    $ 23.20   
  

 

 

    

Nonvested at June 30, 2015

     630,858       $ 30.55   
  

 

 

    

Vested

     (2,000    $ 37.68   

Forfeited

     (4,344    $ 45.52   
  

 

 

    

Nonvested at September 30, 2015

     624,514       $ 30.43   
  

 

 

    
Information about Deferred Tax Benefits Recognized Related to Restricted Stock Awards, Paid Dividends and the Fair Value of Vested Restricted Stock

The following table summarizes information about deferred tax benefits recognized and tax benefits realized related to restricted stock awards and paid dividends, and the fair value of vested restricted stock for the three and nine months ended September 30, 2016 and 2015:

 

     Three Months Ended      Nine Months Ended  
     September 30,      September 30,  
     2016      2015      2016      2015  

Deferred tax benefits recognized

   $ 434       $ 485       $ 1,185       $ 1,561   

Tax benefits realized for restricted stock and paid dividends

   $ 45       $ 28       $ 176       $ 527   

Fair value of vested restricted stock

   $ 75       $ 75       $ 1,993       $ 1,798