Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity and Stock Based Compensation (Tables)

v2.4.0.8
Stockholders' Equity and Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Stockholders' Equity and Stock Based Compensation  
Schedule of changes in options outstanding under the combined plans

 

 

 

 

Number
of
Options

 

Weighted
Average
Exercise
Price

 

Outstanding at January 1, 2011

 

392,890

 

8.12

 

Granted in 2011

 

 

 

Canceled in 2011

 

 

 

Exercised in 2011

 

18,750

 

3.85

 

Outstanding at December 31, 2011

 

374,140

 

8.33

 

Granted in 2012

 

 

 

Canceled in 2012

 

 

 

Exercised in 2012

 

63,500

 

6.78

 

Outstanding at December 31, 2012

 

310,640

 

8.65

 

Granted in 2013

 

 

 

Canceled in 2013

 

 

 

Exercised in 2013

 

25,000

 

8.03

 

Outstanding at December 31, 2013

 

285,640

 

8.71

 

Exercisable at December 31, 2013

 

285,640

 

$

8.71

 

Summary of stock options outstanding

 

 

Range of Exercise
Prices

 

Outstanding
Options as of
December 31,
2013

 

Weighted
Average
Remaining
Contractual
Life

 

Weighted
Average
Exercise
Price

 

Options
Exercisable
as of
December 31,
2013

 

Weighted
Average
Exercise
Price

 

 

 

 

 

 

 

 

 

 

 

 

 

$2.00 — $2.99

 

 

5,000

 

0.0

 

$

2.13

 

5,000

 

$

2.13

 

3.00 — 6.99

 

 

10,000

 

0.0

 

3.50

 

10,000

 

3.50

 

7.00 — 9.99

 

 

215,000

 

0.4

 

8.03

 

215,000

 

8.03

 

10.00—12.99

 

 

55,640

 

1.3

 

12.85

 

55,640

 

12.85

 

 

 

285,640

 

0.5

 

$

8.71

 

285,640

 

$

8.71

 

Summary of nonvested shares of Restricted Stock awards outstanding and the changes during the period

 

 

 

 

Shares

 

Weighted
Average Grant
Date
Fair Value

 

Nonvested shares at January 1, 2010

 

358,650

 

$

10.18

 

Granted in 2011

 

15,000

 

14.35

 

Vested in 2011

 

(103,000

)

10.28

 

Forfeited in 2011

 

(8,375

)

8.45

 

Nonvested shares at December 31, 2011

 

262,275

 

$

10.44

 

Granted in 2012

 

92,000

 

12.32

 

Vested in 2012

 

(99,600

)

10.10

 

Forfeited in 2012

 

(3,525

)

11.79

 

Nonvested shares at December 31, 2012

 

251,150

 

$

11.24

 

Granted in 2013

 

56,500

 

12.57

 

Vested in 2013

 

(107,325

)

10.33

 

Forfeited in 2013

 

(775

)

9.77

 

Nonvested shares at December 31, 2013

 

199,550

 

$

12.02