STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Based Compensation Activity

A summary of activity during the three months ended March 31, 2014, is presented below:

Market Condition Non-Vested Restricted Shares	Shares		Wtd. Avg. Grant Date Fair Value
Outstanding at December 31, 2013		5,067	$	23.13
Granted		—		—
Vested		—		—
Forfeited/Expired		—		—
Outstanding at March 31, 2014		5,067	$	23.13

A summary of activity during the three months ended March 31, 2014, is presented below:

Three Year Vest - Non-Vested Restricted Shares	Shares		Wtd. Avg. Fair Value Per Share
Outstanding at December 31, 2013		—	$	—
Granted		14,500		36.08
Vested		—		—
Forfeited/Expired		—		—
Outstanding at March 31, 2014		14,500	$	36.08

Summary of Market Condition Inducement Grant of Restricted Shares

A summary of the activity for these awards during the three months ended March 31, 2014, is presented below:

Market Condition Non-Vested Restricted Shares	Shares		Wtd. Avg. Fair Value
Outstanding at December 31, 2013		94,500	$	17.33
Granted		—		—
Vested		—		—
Forfeited/Expired		—		—
Outstanding at March 31, 2014		94,500	$	17.33

Summary of Stock Based Compensation Activity for Non-Qualified Stock Option Award

A summary of the activity for the awards during the three months ended March 31, 2014, is presented below:

Non-Qualified Stock Option Awards	Shares		Wtd. Avg. Ex. Price		Wtd. Avg. Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at December 31, 2013		94,500	$	32.21
Granted		—		—
Exercised		—		—
Expired		—		—
Outstanding at March 31, 2014		94,500	$	32.21		5.51	$	762,460
Exercisable at March 31, 2014		36,630	$	31.72		5.78	$	313,576

Summary of Non-Vested Options for Non-Qualified Stock Option Awards

A summary of the non-vested options for these awards during the three months ended March 31, 2014, is presented below:

Non-Qualified Stock Option Awards	Shares			Fair Value of Shares Vested
Non-Vested at December 31, 2013		74,700
Granted		—
Vested		(16,830	)	$	(588,209	)
Non-Vested at March 31, 2014		57,870

Summary of Share Option Activity of Stock Option and Stock Appreciation Rights Under 2001 Plan

A summary of share option activity under the 2001 Plan for the three months ended March 31, 2014 is presented below:

Stock Options

Liability-Classified Stock Options	Shares		Wtd. Avg. Ex. Price		Wtd. Avg. Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at December 31, 2013		53,800	$	53.99
Granted		—		—
Exercised		—		—
Forfeited/Expired		—		—
Outstanding at March 31, 2014		53,800	$	53.99		3.38	$	106,800
Exercisable at March 31, 2014		53,800	$	53.99		3.38	$	106,800

Stock Appreciation Rights

Liability-Classified Stock Appreciation Rights	Shares		Wtd. Avg. Fair Value		Wtd. Avg. Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at December 31, 2013		53,800	$	1.61
Granted		—		—
Exercised		—		—
Expired		—		—
Outstanding at March 31, 2014		53,800	$	2.26		3.38	$	57,508
Exercisable at March 31, 2014		53,800	$	2.26		3.38	$	57,508

Assumptions Used in Determining Fair Value of Stock Options and Stock Appreciation Rights

Following are assumptions used in determining the fair value of stock options and stock appreciation rights:

Assumptions at:	March 31, 2014			December 31, 2013
Expected Volatility		20.79	%		23.07	%
Expected Dividends		0.10	%		0.11	%
Expected Term		3 years			3 years
Risk-Free Rate		1.08	%		1.21	%

Recognized Financial Statements for Stock Options, Stock Appreciation Rights, and Restricted Stock

Amounts recognized in the consolidated financial statements for stock options, stock appreciation rights, and restricted stock are as follows:

	Three Months Ended
	March 31, 2014			March 31, 2013
Total Cost of Share-Based Plans Charged
Against Income Before Tax Effect	$	291,092		$	444,416
Income Tax Expense
Recognized in Income	$	(112,289	)	$	(171,433	)