Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2014

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlockAbstract

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The components of stock-based compensation for the years ended December 31, 2014, 2013 and 2012 were as follows:

	For the Year Ended December 31,
	2014		2013		2012
Stock options	236		(245	)	(66	)
Restricted stock units	2,086		2,043		1,314
Deferred directors fees	—		—		58
Total stock-based compensation expense	2,322		1,798		1,306
Tax benefit of stock-based compensation expense	(892	)	(671	)	(472	)
After-tax effect of stock based compensation	1,430		1,127		834

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used

Based on the results of the model, the weighted-average fair value of the stock options granted during the 12-month periods ended December 31, 2014, 2013 and 2012, respectively, were $2.20, $1.79 and $1.72 per share using the following weighted average assumptions:

	2014		2013		2012
Expected dividend yield	—	%	—	%	—	%
Risk-free interest rate	1.55	%	1.01	%	0.67	%
Expected volatility	47.4	%	55.2	%	58.6	%
Expected life of option	4.9 years		4.7 years		4.8 years

Schedule of Share-based Compensation, Stock Options, Activity

The following table provides additional information regarding our stock option activity for the 12 months ended December 31, 2014:

	Number of Options		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life	Aggregate Intrinsic Value
Outstanding on January 1, 2014	1,688,500		$	11.88
Granted	94,500		5.22
Exercised	(60,000	)	4.96
Expired or forfeited	(176,500	)	13.01
Outstanding on December 31, 2014	1,546,500		$	11.62	3.5 years	$	14
Exercisable on December 31, 2014	1,546,500		$	11.62	3.5 years	$	14

The following table presents a summary of our stock option activity and related information for the years ended December 31:

	2014				2013				2012
	Number of Options		Weighted- Average Exercise Price		Number of Options		Weighted- Average Exercise Price		Number of Options		Weighted- Average Exercise Price
Outstanding at beginning of year	1,688,500		$	11.88	1,914,000		$	11.38	1,902,000		$	11.51
Granted	94,500		5.22		80,000		3.85		70,000		3.55
Exercised	(60,000	)	4.96		(195,000	)	4.16		—		—
Expired or forfeited	(176,500	)	13.01		(110,500	)	10.93		(58,000	)	6.33
Outstanding at end of year	1,546,500		$	11.62	1,688,500		$	11.88	1,914,000		$	11.38
Exercisable at end of year	1,546,500		$	11.62	1,678,500		$	11.92	1,833,500		$	11.48
Weighted-average fair value of options granted during the year			$	2.20			$	1.79			$	1.72

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

The following table summarizes information about stock options outstanding at December 31, 2014:

Options Outstanding					Options Exercisable
Range of Exercise Prices	Number of Options	Weighted- Average Remaining Contractual  Life	Weighted- Average Exercise Price		Number of Options	Weighted- Average Exercise Price
$  3.55 - $  5.51	296,500	7.6 years	$	4.57	296,500	$	4.57
$  5.52 - $11.03	735,875	3.1 years	8.94		735,875	8.94
$11.04 - $22.06	267,250	1.2 years	14.57		267,250	14.57
$22.07 - $27.57	246,875	1.9 years	24.87		246,875	24.87
$  3.55 - $27.57	1,546,500	3.5 years	$	11.62	1,546,500	$	11.62

Schedule of Nonvested Share Activity

Non-vested stock option activity for the 12 months ended December 31, 2014 was as follows:

	Non-Vested  Stock Options Outstanding		Weighted-Average Grant  Date Fair Value
Outstanding on January 1, 2014	10,000		$	3.58
Granted	94,500		2.20
Vested	(104,500	)	2.33
Forfeited	—		—
Outstanding on December 31, 2014	—		—

Schedule of Nonvested Restricted Stock Units Activity

A summary of restricted stock unit activity for the years ended December 31, 2014, 2013 and 2012 is as follows:

	Shares		Weighted Average Grant  Date Fair Value
Unvested restricted stock units at January 1, 2012	487,165		$	7.59
Granted	349,000		4.82
Forfeited	(11,891	)	7.15
Vested	(72,250	)	8.63
Unvested restricted units at December 31, 2012	752,024		6.21
Granted	485,000		4.62
Forfeited	(70,070	)	5.58
Vested	(394,938	)	2.94
Unvested restricted stock units at December 31, 2013	772,016		5.35
Granted	484,450		5.63
Forfeited	(13,306	)	5.27
Vested	(266,091	)	5.84
Unvested restricted stock units at December 31, 2014	977,069		5.36