Stock Compensation (Tables)

3 Months Ended

Mar. 31, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Activity in Plans

A summary of activity in the plans is as follows:

	For the three months ended March 31, 2014
	Shares			Weighted average exercise price		Aggregate intrinsic value (in thousands)
Outstanding at beginning of year		948,690		$	5.44
Granted		1,794			3.52
Exercised		(4,000	)		1.90
Forfeited and expired		(284,864	)		12.38
Outstanding at end of period		661,620		$	2.47	$	1,113
Options exercisable at end of period		639,771		$	2.44	$	1,100

Information Related to Stock Option Plans

Information related to the stock option plans for the three months ended March 31, 2014 follows:

	March 31, 2014
Intrinsic value of options exercised	$	7,720
Cash received from option exercises		7,600
Tax benefit realized from option exercises		—
Weighted average fair value of options granted, per share	$	1.93

Weighted-Average Assumptions for Determining Fair Value of Options Granted

The fair value of options granted in 2014 was determined using the following weighted-average assumptions as of the grant date:

	January 2, 2014
Risk-free interest rate		1.72	%
Expected term (years)		5
Expected stock volatility		71.47	%
Dividend yield		—	%

Summary of Changes in Company's Nonvested Restricted Shares

A summary of changes in the Company’s nonvested restricted shares for the first three months of 2014 is as follows:

	Shares			Weighted average grant date fair value
Nonvested shares at January 1, 2014		192,937		$	3.49
Granted		109,849			3.58
Vested		(43,481	)		3.48
Forfeited		(30,777	)		3.62
Nonvested shares at March 31, 2014		228,528		$	3.52