STOCK-BASED COMPENSATION

6 Months Ended

Jun. 30, 2015

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

STOCK-BASED COMPENSATION

7. STOCK-BASED COMPENSATION

The Company did not issue any stock options during the three months ended June 30, 2015. For additional disclosures related to the Company’s stock-based compensation refer to Notes 2 and 4 of the Notes to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

During the three months ended June 30, 2015 and 2014, options were exercised for the purchase of 17,500 shares of common stock at a weighted-average exercise price of $5.49 and 1,500 shares of common stock at a weighted-average exercise price of $5.49, respectively. During the six months ended June 30, 2015 and 2014, options were exercised for the purchase of 33,000 shares of common stock at a weighted-average exercise price of $5.49 and 30,697 shares of common stock at a weighted-average exercise price of $5.87, respectively.