Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity and Stock Based Compensation (Tables)

v2.4.0.8
Stockholders' Equity and Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2014
Stockholders' Equity and Stock Based Compensation  
Schedule of changes in options outstanding under the combined plans

 

 

 

 

Number of
Options

 

Weighted Average
Exercise Price

 

Weighted Average
Remaining
Contractual Life

 

Aggregate Intrinsic
Value ($M)(1)

 

Outstanding at January 1, 2014

 

285,640

 

$

8.71

 

 

 

 

 

Granted in 2014

 

 

 

 

 

 

 

Canceled in 2014

 

(15,000

)

3.04

 

 

 

 

 

Exercised in 2014

 

(105,000

)

8.26

 

 

 

 

 

Outstanding at March 31, 2014

 

165,640

 

$

9.50

 

0.5

 

$

1.7

 

Exercisable at March 31, 2014

 

165,640

 

$

9.50

 

0.5

 

$

1.7

 

 

(1) The intrinsic value of an option is calculated as the difference between the market value on the last trading day of the quarter (March 31, 2014) and the exercise price of the outstanding options. The market value as of March 31, 2014 was $19.84 per share represented by the closing price as reported by The NASDAQ Global Market on that day.

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, 2014

 

199,550

 

$

12.02

 

Granted in 2014

 

45,689

 

15.12

 

Vested in 2014

 

(30,174

)

10.84

 

Forfeited in 2014

 

(25,275

)

11.28

 

Nonvested shares at March 31, 2014

 

189,790

 

$

12.70