Annual report pursuant to Section 13 and 15(d)

Stock Compensation (Tables)

v2.4.1.9
Stock Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Stock Compensation [Abstract]  
Schedule Of Changes In Number Of Outstanding Stock Options Under Director Plan And Stock Plan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average

 

Weighted average

 

 

 

exercise price

 

remaining

 

Options

 

per share

 

contractual term

Outstanding – December 31, 2011

236,820 

 

$

 

11.35 

 

5.18 years

Awarded

92,223 

 

 

 

13.10 

 

 

Exercised

(12,000)

 

 

 

7.13 

 

 

Forfeited

(5,890)

 

 

 

10.58 

 

 

Outstanding – December 31, 2012

311,153 

 

$

 

12.05 

 

4.99 years

Awarded

169,550 

 

 

 

10.19 

 

 

Exercised

(15,000)

 

 

 

7.35 

 

 

Forfeited

(156,264)

 

 

 

11.25 

 

 

Outstanding – December 31, 2013

309,439 

 

$

 

11.66 

 

4.13 years

Awarded

317,722 

 

 

 

12.30 

 

 

Exercised

(12,000)

 

 

 

8.28 

 

 

Forfeited

(74,757)

 

 

 

13.20 

 

 

Outstanding – December 31, 2014

540,404 

 

 

 

11.90 

 

5.13 years

 

 

 

 

 

 

 

 

Excercisable at December 31, 2014

182,638 

 

$

 

11.40 

 

3.17 years

Expected to vest December 31, 2014

540,404 

 

 

 

11.90 

 

5.13 years

 

Valuation Assumptions Of Stock Option Plan

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31

 

2014

 

2013

 

2012

Expected volatility

31.4% 

 

31.8% 

 

31.2% 

Risk free interest rate

2.7% 

 

2.1% 

 

2.3% 

Expected holding period

6 years

 

6 years

 

6 years

Dividend yield

5.2% 

 

6.3% 

 

4.6% 

 

Summary Of The Status Of Stock Options Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

Weighted

 

 

 

 

Remaining

 

Average

Range of Exercise Prices

 

Shares

 

Option Life

 

Exercise Price

$8.65 to $9.99

 

30,000 

 

3.2 years

 

 

9.68 

$10.00 to $12.00

 

294,225 

 

5.3 years

 

 

11.24 

$12.01 to $14.50

 

216,179 

 

5.2 years

 

 

13.11 

 

Schedule Of Changes In The Number Of Deferred Stock Shares Under The Stock Plan And Incentive Plan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

Grant Date

 

 

 

Shares

 

Fair Value

Outstanding – December 31, 2011

 

 

71,849 

 

$

15.14 

Granted

 

 

105,698 

 

 

13.49 

Vested

 

 

 -

 

 

 -

Forfeited

 

 

(16,757)

 

 

13.95 

Outstanding – December 31, 2012

 

 

160,790 

 

 

14.16 

Granted

 

 

222,654 

 

 

10.08 

Vested

 

 

(1,849)

 

 

14.82 

Forfeited

 

 

(181,455)

 

 

12.11 

Outstanding – December 31, 2013

 

 

200,140 

 

 

11.47 

Granted

 

 

48,824 

 

 

12.52 

Vested

 

 

(16,754)

 

 

13.81 

Forfeited

 

 

(70,896)

 

 

13.02 

Outstanding – December 31, 2014

 

 

161,314 

 

 

10.87 

 

Schedule Of Changes In Restricted Stock Units Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

Grant Date

 

 

 

Shares

 

Fair Value

Outstanding – December 31, 2011

 

 

 -

 

$

 -

Granted

 

 

25,879 

 

 

10.82 

Vested

 

 

 -

 

 

 -

Forfeited

 

 

 -

 

 

 -

Outstanding – December 31, 2012

 

 

25,879 

 

 

10.82 

Granted

 

 

31,354 

 

 

10.05 

Vested

 

 

 -

 

 

 -

Forfeited

 

 

(4,040)

 

 

9.90 

Outstanding – December 31, 2013

 

 

53,193 

 

 

10.44 

Granted

 

 

13,973 

 

 

11.98 

Vested

 

 

(28,015)

 

 

10.89 

Forfeited

 

 

 -

 

 

 -

Outstanding – December 31, 2014

 

 

39,151 

 

 

10.67