Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2014

Share-Based Compensation

Schedule of the compensation cost charged against income for plans included in selling, general & administrative expenses

The compensation cost charged against income for those plans is included in selling, general & administrative expenses as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Total share-based compensation expense	$	215	$	200	$	945	$	707

Schedule of stock option activity under all plans

The following is a summary of stock option activity under all plans for the nine-month period ended September 30, 2014:

	Shares Under Options		Weighted Average Exercise Price (per share)		Weighted Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2013	467,500		$	9.00
Granted	35,193		24.69
Exercised	(162,586	)	4.36
Outstanding at September 30, 2014	340,107		$	12.84	4.08	$	3,204
Exercisable at September 30, 2014	257,608		$	10.35	4.17	$	3,044
Vested and expected to vest at September 30, 2014	340,107		$	12.84	4.08	$	3,204

Schedule of assumptions used to determine the fair value of options using Black Scholes option pricing model

Expected volatility32.3% to 37.9%

Expected dividendsNone

Risk free interest rate0.7% to 0.9%

Expected term3.8 to 5.0 years

Summary of Restricted Stock Units ( RSUs ) activity

	Restricted Stock Units		Weighted Average Award Date Fair Value
Unvested at December 31, 2013	50,900		$	11.94
Awarded	22,338		25.94
Shares vested	(30,253	)	10.11
Unvested at September 30, 2014	42,985		$	18.59