Stock Based Compensation (Tables)

12 Months Ended

Dec. 31, 2014

Stock Based Compensation [Abstract]

Information with respect to stock options

Information with respect to stock options included within this plan is as follows:

	No. of Shares (in thousands)			Weighted Average Exercise Price		Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2013		1,048		$	5.45	$	270
Options granted		417			5.15
Forfeited and cancelled		(225	)		5.16
Outstanding at December 31, 2014		1,240		$	5.28	$	1,264
Vested and expected to vest at December 31, 2014		1,192		$	5.28	$	1,215
Total shares exercisable as of December 31, 2014		344		$	5.60	$	344
Shares remaining available for grant		332

Assumptions for fair value of options at the date of the grant

The fair value of options at the date of the grant was estimated using the Black-Scholes model with the following assumptions for the respective period ending December 31:

	2014			2013
Expected option life	5.9 years			4.6 years
Weighted average risk-free interest rate		1.7	%		1.3	%
Weighted average expected volatility		31	%		33	%
Expected dividend yield		0	%		0	%

Share-based compensation by exercise price range

For the years ended December 31, 2014 and 2013, the expected option life was based on the Company’s historical experience with similar type options.  Expected volatility is based on historical volatility levels of the Company’s common stock over the preceding period of time consistent with the expected life.  The risk-free interest rate is based on the implied yield currently available on U.S. Treasury zero coupon issues with a remaining term equal to the expected life.  Stock options outstanding at December 31, 2014 are summarized as follows:

Range of Exercise Prices		Number  Outstanding (in thousands)		Weighted Average Remaining Life	Weighted Average Exercise Price
$	4.06 - $6.25		1,203	8.62 years	$	5.07
$	6.26 - $11.40		37	1.37 years	$	10.04
$	4.06 - $11.40		1,240	8.41 years	$	5.28

Activity with respect to non-vested stock options

Current year activity with respect to the Company’s non-vested restricted stock awards is as follows:

Non-vested shares (in thousands)	Shares			Weighted Average grant- date fair value
Balance at January 1, 2014		277		$	4.65
Granted		170			5.24
Vested		(112	)		4.23
Forfeited and cancelled		(62	)		3.46
Balance at December 31, 2014		273		$	4.68