Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2014

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, 2013		2,229,969		$	9.39
Granted		20,000		$	17.66
Exercised		(139,000	)	$	9.47
Forfeited or expired		(18,550	)	$	6.99
Outstanding at March 31, 2014		2,092,419		$	9.49
Granted		38,788		$	21.69
Exercised		(57,650	)	$	6.98
Forfeited or expired		(18,900	)	$	13.41
Outstanding at June 30, 2014		2,054,657		$	9.76
Exercisable at June 30, 2014		1,028,619		$	6.44

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, 2013		1,080,900		$	6.50		-	$	-
Granted		20,000		$	7.21		-	$	-
Vested during period		(22,500	)	$	3.32		-	$	-
Forfeited		(6,000	)	$	5.21		-	$	-
Nonvested at March 31, 2014		1,072,400		$	6.59		-	$	-
Granted		38,788		$	6.11		18,906	$	20.90
Vested during period		(66,250	)	$	3.28		-	$	-
Forfeited		(18,900	)	$	7.13		-	$	-
Nonvested at June 30, 2014		1,026,038		$	6.77		18,906	$	20.90