Share-Based Compensation Arrangements (Tables)

12 Months Ended

Dec. 31, 2014

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

Schedule of Share-based Compensation, Activity

A summary of activity under the plans during 2014 is as follows:

SARs:	Number of awards	Weighted average exercise price per share
Outstanding at January 1, 2014	52,079	$	11.81
Granted	—	$	—
Exercised	—	$	—
Forfeited	(45,028)	$	14.45
Outstanding at December 31, 2014	7,051	$	13.03

Phantom Shares: *	Number of awards		Weighted average grant date value per share
Outstanding at January 1, 2014	235,942		$	5.98
Granted	—		$	—
Vested	(125,244	)	$	5.05
Forfeited	(50,990	)	$	5.30
Outstanding at December 31, 2014	59,708		$	5.61
* Includes both non-performance and performance based shares.

Restricted Stock Units:	Number of awards	Weighted average grant date value per share
Outstanding at January 1, 2014	—	$	—
Granted	111,168	$	4.74
Vested	—	$	—
Forfeited	—	$	—
Outstanding at December 31, 2014	111,168	$	4.74

Non-Qualified Stock Options:	Number of awards	Weighted average grant date value per share
Outstanding at January 1, 2014	—	$	—
Granted	275,513	$	3.06
Exercised	—	$	—
Forfeited	—	$	—
Outstanding at December 31, 2014	275,513	$	3.06

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The value of each stock option is based on a Black-Scholes valuation model as of December 31, 2014 using the following assumptions:

	December 31, 2014
Risk-free interest rate	1.90	%
Dividend yield	0.0	%
Expected life (years)	6.0
Volatility	50.40	%

The fair value of each SAR was estimated as of December 31, 2014, 2013 and 2012 using the following assumptions:

	2014		2013		2012
Risk-free interest rate	0.04%-0.67%		0.16%-0.78%		0.27%-0.52%
Dividend yield	0.0	%	0.0	%	0.0	%
Expected life (years)	0.2-2.0 years		1.2-3.0 years		2.2-4.0 years
Volatility	53.58	%	62.21	%	63.63	%