Stock Based Compensation (Tables)

9 Months Ended

Sep. 30, 2013

Stock Based Compensation [Abstract]

Summary of stock options activity

The following table is a summary of the Company’s stock options:

Options	Number of Shares			Weighted Average Exercise Price
Outstanding at December 31, 2012		2,264,399		$	7.02
Granted		10,000		$	11.44
Exercised		(114,599	)	$	5.40
Forfeited or expired		(2,950	)	$	10.42
Outstanding at March 31, 2013		2,156,850		$	7.13
Granted		105,735		$	12.94
Exercised		(147,900	)	$	5.46
Outstanding at June 30, 2013		2,114,685		$	7.53
Exercised		(36,750	)	$	5.53
Forfeited or expired		(23,750	)	$	8.41
Outstanding at September 30, 2013		2,054,185		$	7.56
Exercisable at September 30, 2013		1,026,300		$	6.17

Summary of nonvested stock options and restricted stock

The following table is a summary of the Company’s nonvested stock options and restricted stock:

	Nonvested Stock Options					Nonvested Restricted Stock
	Number of Shares			Weighted- Average Grant-Date Fair Value		Number of Shares			Weighted- Average Grant-Date Fair Value
Nonvested at December 31, 2012		1,029,776		$	4.62		31,145		$	5.76
Granted		10,000		$	6.55		-		$	-
Vested during period		(25,000	)	$	2.69		(29,450	)	$	5.54
Forfeited		(1,000	)	$	3.39		-		$	-
Nonvested at March 31, 2013		1,013,776		$	4.69		1,695		$	9.64
Granted		105,735		$	5.43		31,648		$	12.64
Vested during period		(55,626	)	$	2.43		(1,695	)	$	9.64
Nonvested at June 30, 2013		1,063,885		$	4.88		31,648		$	12.64
Vested during period		(12,500	)	$	2.67		-		$	-
Forfeited		(23,500	)	$	4.79		-		$	-
Nonvested at September 30, 2013		1,027,885		$	4.91		31,648		$	12.64