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Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Changes in Company's Nonvested Restricted Stock Awards

A summary of changes in the Company’s nonvested Restricted Stock Awards (“RSAs”) under the Omnibus Incentive Plan for the years ended December 31, 2016, 2015 and 2014 were as follows:

 

 

 

 

 

 

Weighted-Average

 

 

 

 

 

 

 

Grant-Date

 

Nonvested RSAs

 

Shares

 

 

Fair Value

 

Nonvested at January 1, 2016

 

 

201,270

 

 

$

14.24

 

Granted

 

 

101,642

 

 

 

15.88

 

Vested

 

 

(166,448

)

 

 

14.69

 

Forfeited

 

 

(9,820

)

 

 

14.95

 

Nonvested at December 31, 2016

 

 

126,644

 

 

$

14.92

 

 

 

 

 

 

 

 

 

 

Nonvested at January 1, 2015

 

 

252,256

 

 

$

14.71

 

Granted

 

 

77,956

 

 

 

13.50

 

Vested

 

 

(125,310

)

 

 

14.71

 

Forfeited

 

 

(3,632

)

 

 

14.60

 

Nonvested at December 31, 2015

 

 

201,270

 

 

$

14.24

 

 

 

 

 

 

 

 

 

 

Nonvested at January 1, 2014

 

 

 

 

$

 

Granted

 

 

378,343

 

 

 

14.71

 

Vested

 

 

(126,087

)

 

 

14.71

 

Forfeited

 

 

 

 

 

 

Nonvested at December 31, 2014

 

 

252,256

 

 

$

14.71

 

 

Summary of Changes in Company's Stock Options

A summary of changes in the Company’s stock options under the Omnibus Incentive Plan for the year ended December 31, 2016 were as follows:

 

 

 

 

 

Weighted-Average

 

Stock Options

 

Shares

 

 

Exercise Price

 

Outstanding at January 1, 2016

 

 

 

 

$

 

Granted

 

 

164,175

 

 

 

15.87

 

Exercised

 

 

 

 

 

 

Forfeited or expired

 

 

(514

)

 

 

15.87

 

Outstanding at December 31, 2016

 

 

163,661

 

 

$

15.87

 

 

Fair Value of Stock Options Granted Weighted-Average Assumptions

The fair value of the stock options granted was determined using the following weighted-average assumptions:

 

 

2016

 

Risk-free interest rate

 

 

1.49

%

Expected term

 

6.25 Years

 

Expected stock price volatility

 

 

34.96

%

Dividend yield

 

 

 

 

Summary of changes in the Company's nonvested RSUs

A summary of changes in the Company’s nonvested RSUs under the Terminated Plan for the year ended December 31, 2014 was as follows:

 

 

 

 

 

 

 

Weighted-Average

 

 

 

 

 

 

 

Grant-Date

 

Nonvested RSUs

 

Units

 

 

Fair Value

 

Nonvested at January 1, 2014

 

 

26,120

 

 

$

10.77

 

Granted

 

 

32,275

 

 

 

14.08

 

Vested

 

 

(58,395

)

 

 

12.60

 

Forfeited

 

 

 

 

 

 

Nonvested at December 31, 2014

 

 

 

 

$