Equity (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| Equity [Abstract] |
|
| Summary of Stock Issuances |
The following is a summary of stock issuances that occurred during the three year period:
|
Date of Issue |
|
Employees or
Director |
|
Shares Issued |
|
|
Value of
Shares Issued |
|
|
January 1, 2016 |
|
Directors |
|
|
4,290 |
|
|
$ |
55 |
|
|
January 1, 2016 |
|
Employees |
|
|
25,920 |
|
|
329 |
|
|
June 5, 2016 |
|
Employees |
|
642 |
|
|
7 |
|
|
September 15, 2016 |
|
Directors |
|
|
6,800 |
|
|
36 |
|
|
September 30, 2016 |
|
Employees |
|
|
7,511 |
|
|
68 |
|
|
December 31, 2016 |
|
Directors |
|
|
9,915 |
|
|
|
128 |
|
|
December 31, 2016 |
|
Employees |
|
|
13,798 |
|
|
|
218 |
|
|
|
|
|
|
|
68,876 |
|
|
$ |
841 |
|
|
|
|
|
|
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|
Date of Issue |
|
Employees or
Director |
|
Shares Issued |
|
|
Value of
Shares Issued |
|
|
March 4, 2015 |
|
Directors |
|
|
6,800 |
|
|
$ |
77 |
|
|
March 13, 2015 |
|
Employees |
|
|
22,868 |
|
|
|
212 |
|
|
June 5, 2015 |
|
Employees |
|
|
749 |
|
|
|
12 |
|
|
December 31, 2015 |
|
Employees |
|
|
36,886 |
|
|
|
219 |
|
|
December 31, 2015 |
|
Directors |
|
|
20,620 |
|
|
|
123 |
|
|
|
|
|
|
|
87,923 |
|
|
$ |
643 |
|
|
|
|
|
|
|
|
|
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|
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|
Date of Issue |
|
Employees or
Director |
|
Shares Issued |
|
|
Value of
Shares Issued |
|
|
March 6, 2014 |
|
Directors |
|
|
6,600 |
|
|
$ |
106 |
|
|
March 6, 2014 |
|
Employees |
|
|
14,292 |
|
|
|
229 |
|
|
June 5, 2014 |
|
Employees |
|
|
749 |
|
|
|
8 |
|
|
December 31, 2014 |
|
Employees |
|
|
38,005 |
|
|
|
406 |
|
|
December 31, 2014 |
|
Directors |
|
|
20,615 |
|
|
|
257 |
|
|
|
|
|
|
|
80,261 |
|
|
$ |
1,006 |
|
|
| Summary of Common Stock Repurchases |
The following is a summary of common stock purchased during 2016, 2015 and 2014 :
|
Date of Purchase |
|
Shares Purchased |
|
|
Closing Price
on Date of
Purchase |
|
|
January 1, 2016 |
|
|
7,074 |
|
|
$ |
5.95 |
|
|
June 5, 2016 |
|
|
197 |
|
|
$ |
6.75 |
|
|
September 30, 2016 |
|
|
2,254 |
|
|
$ |
5.51 |
|
|
December 31, 2016 |
|
|
3,530 |
|
|
$ |
6.86 |
|
|
|
|
|
13,055 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 5, 2015 |
|
|
393 |
|
|
$ |
8.54 |
|
|
December 31, 2015 |
|
|
12,125 |
|
|
$ |
5.95 |
|
|
|
|
|
12,518 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 5, 2014 |
|
|
392 |
|
|
$ |
16.75 |
|
|
December 31, 2014 |
|
|
8,461 |
|
|
$ |
12.71 |
|
|
|
|
|
8,853 |
|
|
|
|
|
|
| Summary of Restricted Stock Units Awarded |
The following is a summary of restricted stock units that were awarded during 2016, 2015 and 2014:
|
2016 Grants |
|
Vesting Date |
|
Number of
Restricted
Stock Units |
|
|
Closing Price on
Date of Grant |
|
|
Value of
Restricted Stock
Units Issued |
|
|
January 4, 2016 |
|
January 4, 2017 60,671 units; January 4, 2018 60,671 units and 62,508 units January 4, 2019 |
|
|
183,850 |
|
|
$ |
6.07 |
|
|
$ |
1,116 |
|
|
September 15, 2016 |
|
September 15, 2016 6,800 units; September 15, 2017 6,600 units and September 15, 2018 6,600 units |
|
|
20,000 |
|
|
$ |
5.32 |
|
|
$ |
106 |
|
|
December 14, 2016 |
|
December 14, 2017 41,407 units; December14, 2018 41,407 units and December 14, 2019 42,661 units |
|
|
125,475 |
|
|
$ |
5.60 |
|
|
$ |
703 |
|
|
|
|
|
|
|
329,325 |
|
|
|
|
|
|
$ |
1,925 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 Grants |
|
Vesting Date |
|
Number of
Restricted
Stock Units |
|
|
Closing Price on
Date of Grant |
|
|
Value of
Restricted Stock
Units Issued |
|
|
January 1, 2015 |
|
January 1, 2016 34,027 units; January 1, 2017 34,027 units and 35,057 units January 1, 2018 |
|
|
103,111 |
|
|
$ |
12.71 |
|
|
$ |
1,311 |
|
|
March 4, 2015 |
|
March 4, 2015 6,800 units, December 31, 2015 6,600 units and December 31, 2016 6,600 units |
|
|
20,000 |
|
|
$ |
11.39 |
|
|
$ |
228 |
|
|
March 13, 2015 |
|
March 13, 2015 22,868 units |
|
|
22,868 |
|
|
$ |
9.25 |
|
|
$ |
212 |
|
|
|
|
|
|
|
145,979 |
|
|
|
|
|
|
$ |
1,751 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vesting Date |
|
Number of
Restricted
Stock Units |
|
|
Closing Price on
Date of Grant |
|
|
Value of
Restricted Stock
Units Issued |
|
|
March 6, 2014 |
|
March 6, 2014 20,892 units; December 31, 2014 6,600 units; December 31, 2015 6,800 units |
|
$ |
34,292 |
|
|
$ |
15.99 |
|
|
$ |
548 |
|
|
|
|
|
|
|
34,292 |
|
|
|
|
|
|
$ |
548 |
|
|
| Restricted Stock Units Outstanding |
The following table contains information regarding restricted stock units for the years ended December 31, 2016, 2015 and 2014, respectively:
|
|
|
Restricted Stock Units |
|
|
|
|
|
2016 |
|
|
|
2015 |
|
|
|
2014 |
|
|
Outstanding on January 1, |
|
|
118,773 |
|
|
|
85,384 |
|
|
|
142,851 |
|
|
Issued |
|
|
329,325 |
|
|
|
145,979 |
|
|
|
34,292 |
|
|
Vested and issued |
|
|
(55,821 |
) |
|
|
(87,923 |
) |
|
|
(80,261 |
) |
|
Vested—issued and repurchased for income tax withholding |
|
|
(13,055 |
) |
|
|
(12,518 |
) |
|
|
(8,853 |
) |
|
Forfeited |
|
|
(37,218 |
) |
|
|
(12,149 |
) |
|
|
(2,645 |
) |
|
Outstanding on December 31 |
|
|
342,004 |
|
|
|
118,773 |
|
|
|
85,384 |
|
|