Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

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

The components of stock-based compensation for the years ended December 31, 2015, 2014 and 2013 were as follows:

	For the Year Ended December 31,
	2015			2014			2013
Stock options	$	194		$	236		$	(245	)
Restricted stock units	1,615			2,086			2,043
Deferred directors fees	—			—			—
Total stock-based compensation expense	1,809			2,322			1,798
Tax benefit of stock-based compensation expense	(696		)	(892		)	(671		)
After-tax effect of stock based compensation	$	1,113		$	1,430		$	1,127

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, 2015, 2014 and 2013, respectively, were $1.54, $2.20 and $1.79 per share using the following weighted average assumptions:

	2015		2014		2013
Expected dividend yield	—	%	—	%	—	%
Risk-free interest rate	2.21	%	1.55	%	1.01	%
Expected volatility	51.6	%	47.4	%	55.2	%
Expected life of option	8.8 years		4.9 years		4.7 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, 2015:

	Number of Options		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life	Aggregate Intrinsic Value
Outstanding on January 1, 2015	1,546,500		$	11.62
Granted	126,000		2.44
Exercised	—		—
Expired or forfeited	(481,375	)	12.04
Outstanding on December 31, 2015	1,191,125		$	10.48	4.3 years	$	—
Exercisable on December 31, 2015	1,191,125		$	10.48	4.3 years	$	—

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

	2015				2014				2013
	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	1,546,500		$	11.62	1,688,500		$	11.88	1,914,000		$	11.38
Granted	126,000		2.44		94,500		5.22		80,000		3.85
Exercised	—		—		(60,000	)	4.96		(195,000	)	4.16
Expired or forfeited	(481,375	)	12.04		(176,500	)	13.01		(110,500	)	10.93
Outstanding at end of year	1,191,125		$	10.48	1,546,500		$	11.62	1,688,500		$	11.88
Exercisable at end of year	1,191,125		$	10.48	1,546,500		$	11.62	1,678,500		$	11.92
Weighted-average fair value of options granted during the year			$	1.54			$	2.20			$	1.79

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, 2015:

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
$  2.44 - $  2.75	126,000	9.4 years	$	2.44	126,000	$	2.44
$  2.76 - $ 5.50	294,500	6.7 years	4.56		294,500	4.56
$ 5.51 - $ 8.26	100,000	4.8 years	7.33		100,000	7.33
$ 8.27 - $11.02	368,750	3.0 years	10.04		368,750	10.04
$11.03 - $13.77	10,000	0.2 years	11.40		10,000	11.40
$13.78 - $16.53	71,000	1.1 years	15.79		71,000	15.79
$16.54 - $19.29	41,250	1.1 years	17.82		41,250	17.82
$19.30 - $22.05	—	—	—		—	—
$22.06 - $24.80	76,625	1.7 years	22.89		76,625	22.89
$24.81 - $27.57	103,000	1.1 years	25.88		103,000	25.88
$  2.44 - $27.57	1,191,125	4.3 years	$	10.48	1,191,125	$	10.48

Schedule of Nonvested Share Activity

Non-vested stock option activity for the 12 months ended December 31, 2015 was as follows:

	Non-Vested  Stock Options Outstanding		Weighted-Average Grant  Date Fair Value
Outstanding on January 1, 2015	—		$	—
Granted	126,000		1.54
Vested	(126,000	)	1.54
Forfeited	—		—
Outstanding on December 31, 2015	—		—

Schedule of Nonvested Restricted Stock Units Activity

A summary of restricted stock unit activity for the years ended December 31, 2015, 2014 and 2013 is as follows:

	Shares		Weighted Average Grant  Date Fair Value
Unvested restricted units at January 1, 2013	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
Granted	789,500		3.33
Forfeited	(209,748	)	4.62
Vested	(351,938	)	5.17
Unvested restricted stock units at December 31, 2015	1,204,883		4.21