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Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Valuation Assumptions
The following table includes the weighted- average assumptions used in estimating the fair values and the resulting weighted-average fair value of stock options granted in the periods presented:
 
Year Ended December 31, 2015
 
Year Ended December 31, 2014
 
Year Ended December 31, 2013
Weighted average fair values of stock options granted
$
7.90

 
$

 
$
5.70

Expected volatility
55.4
%
 
%
 
59.9
%
Expected dividends
1.42
%
 
%
 
2.01
%
Weighted average risk-free interest rate
1.03
%
 
%
 
.65
%
Expected life of stock options (in years)
3.5

 
0.0

 
3.5

Schedule of Stock Options Activity
A summary of stock option activity for the years ended December 31, 2015, 2014 and 2013 is as follows:
 
Shares
 
Weighted
Average
Exercise Price
 
Weighted
Average
Remaining
Contractual
Term (Years)
 
Aggregate Intrinsic
Value
 
 
 
 
 
 
 
(in thousands)
Outstanding at January 1, 2013
1,998,633

 
$
4.03

 
1.17
 
$
24,171

Granted
45,000

 
$
14.89

 
 
 
 
Exercised
(1,251,633
)
 
$
1.73

 
 
 
 
Canceled

 
$

 
 
 
 
Outstanding at December 31, 2013
792,000

 
$
8.28

 
1.00
 
$
5,093

Granted

 
$

 
 
 
 
Exercised
(450,000
)
 
$
1.75

 
 
 
 
Canceled
(135,000
)
 
$
17.58

 
 
 
 
Outstanding at December 31, 2014
207,000

 
$
16.41

 
1.88
 
$
121

Granted
42,000

 
$
22.25

 
 
 
 
Exercised
(109,122
)
 
$
20.25

 
 
 
 
Canceled

 


 
 
 
 
Outstanding at December 31, 2015
139,878

 
$
15.17

 
2.32
 
$
2,465

Exercisable at December 31, 2015
64,128

 
$
10.31

 
1.18
 
$
1,441

Schedule of Nonvested Share Activity
A summary of non-vested options and changes for the years ended December 31, 2015, 2014 and 2013 is as follows:

 
Non-Vested Number of Shares
 
Weighted
Average
Exercise Price
 
 
 
 
Non-vested balance at January 1, 2013
135,000

 
$
18.80

Granted
45,000

 
$
14.89

Vested
(67,500
)
 
$
18.66

Canceled

 
$

Non-vested balance at December 31, 2013
112,500

 
$
17.32

Granted

 
$

Vested
(45,000
)
 
$
18.53

Canceled

 
$

Non-vested balance at December 31, 2014
67,500

 
$
16.52

Granted
42,000

 
$
22.25

Vested
(33,750
)
 
$
17.47

Canceled

 
$

Non-vested balance at December 31, 2015
75,750

 
$
19.27

Schedule of Shares Authorized under Stock Option Plans, by Exercise Price Range
The following table summarizes information about stock options outstanding by price range as of December 31, 2015:
 
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
 
Number Outstanding
 
Weighted-Average Remaining Contractual Life (Years)
 
Weighted-Average Exercise Price
 
Number of Shares
 
Weighted-Average Exercise Price
$2.18-$2.36
 
27,000

 
0.41
 
$
2.27

 
27,000

 
$
2.27

$14.89-$16.94
 
70,878

 
2.01
 
$
15.88

 
37,128

 
$
16.16

$21.19-$28.59
 
42,000

 
4.07
 
$
22.25

 

 
$

 
 
139,878

 
2.32
 
$
15.17

 
64,128

 
$
10.31

Schedule of Nonvested Restricted Stock Activity
A summary of the status of the Company’s non-vested restricted stock grant shares is presented in the following table:

 
Shares
 
Weighted-Average Grant Date
Fair Value
Non vested at January 1, 2013
121,156

 
$
22.74

Granted
32,842

 
$
15.91

Vested
(76,576
)
 
$
22.56

Forfeited
(2,157
)
 
$
23.42

Non vested at December 31, 2013
75,265

 
$
19.92

Granted
171,781

 
$
16.96

Vested
(52,388
)
 
$
20.35

Forfeited
(6,136
)
 
$
18.91

Non vested at December 31, 2014
188,522

 
$
17.13

Granted
132,069

 
$
30.29

Vested
(108,798
)
 
$
17.35

Forfeited
(8,479
)
 
$
17.20

Non vested at December 31, 2015
203,314

 
$
25.56