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Share-Based Payment Arrangements (Tables)
6 Months Ended
Jun. 30, 2015
Share-Based Payment Arrangements [Abstract]  
Summary of the Status of Stock Options

 

A summary of the status of our stock options as of June 30, 2015 and changes during the six months ended is presented below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Weighted

 

Remaining

 

Aggregate

 

 

 

 

Average

 

Contractual

 

Intrinsic

 

 

Number of

 

Exercise

 

Term

 

Value

 

 

Shares

 

Price

 

(Years)

 

($000)

 

 

 

 

 

 

 

 

 

 

 

Outstanding at January 1, 2015

 

1,062,134 

 

$

9.51 

 

 

 

 

 

Granted

 

-  

 

 

 

 

 

 

 

 

Exercised

 

(85,756)

 

$

6.94 

 

 

 

 

 

Forfeited or expired

 

(45,718)

 

$

11.48 

 

 

 

 

 

Outstanding at June 30, 2015

 

930,660 

 

$

9.65 

 

2.9 

 

$

1,961 

Exercisable at June 30, 2015

 

876,732 

 

$

9.87 

 

2.9 

 

$

1,703 

 

Schedule of Options, Grants in Period and Grant Date Intrinsic Value

The following table details the intrinsic value of options exercised, total cost of share-based payments charged against income before income tax benefit and the amount of related income tax benefit recognized in income for the periods indicated (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30,

 

June 30,

 

 

2015

 

2014

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

Intrinsic value of options exercised

 

$

268 

 

$

 

$

382 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of share-based payments (non-cash)

 

$

41 

 

$

50 

 

$

80 

 

$

98 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax benefit of share-based payments recognized in income

 

$

 

$

 

$

15 

 

$

15 

 

Summary of the Status of Restricted Stock Units

A summary of the status of our restricted stock units as of June 30, 2015 and changes during the six months then ended is presented below:

 

 

 

 

 

 

 

 

 

 

Number of

 

 

Restricted

 

 

Stock Units

 

 

 

Non-vested at January 1, 2015

 

285,216 

Granted

 

 -

Vested

 

(8,616)

Forfeited

 

(73,063)

Non-vested at June 30, 2015

 

203,537