v2.4.0.6
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2013
Stock-Based Compensation [Abstract]  
Valuation assumptions
The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions used for grants in the three months ended March 31, 2013 and 2012.
 
 
Three months ended
 
Three months ended
 
March 31, 2013
 
March 31, 2012
Expected dividend yield
 
 
4.68
%
 
 
4.25
%
Expected stock price volatility
 
 
59.43
%
 
 
65.52
%
Risk-free interest rate
 
 
2.02
%
 
 
1.99
%
Expected life of options
 
 
4.64
Years
 
 
4.67
Years
Estimated fair value per option granted
 
$
1.68
 
$
2.30
 
 
 
 
 
 
Information about common stock options and restricted grants
The following table presents information about outstanding common stock options and restricted grants as of March 31, 2013:

 
 
 
Options and Awards Outstanding
 
 
Options Exercisable
 
Range of Exercise Prices
 
 
Shares
 
 
Weighted-Average Remaining Contractual Life (years)
 
 
Weighted-Average Exercise Price
 
 
Shares
 
 
Weighted-Average Exercise Price
 
Restricted Stock Awards
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
0.00
 
 
 
228,454
 
 
 
2.60
 
 
 
N/A
 
 
 
N/A
 
 
 
N/A
 
Stock Options
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
4.50-6.93
 
 
 
731,319
 
 
 
6.14
 
 
$
4.65
 
 
 
284,527
 
 
$
4.53
 
 
 
6.94 - 10.39
 
 
 
260,002
 
 
 
1.75
 
 
 
9.19
 
 
 
236,077
 
 
 
9.25
 
 
 
10.40 - 13.86
 
 
 
419,299
 
 
 
2.20
 
 
 
11.55
 
 
 
369,745
 
 
 
11.55
 
 
 
13.87 - 17.32
 
 
 
266,846
 
 
 
0.39
 
 
 
16.93
 
 
 
266,846
 
 
 
16.93
 
 
 
17.33 - 20.79
 
 
 
5,496
 
 
 
5.11
 
 
 
18.41
 
 
 
5,496
 
 
 
18.41
 
 
 
20.80 - 24.25
 
 
 
1,000
 
 
 
2.38
 
 
 
21.09
 
 
 
1,000
 
 
 
21.09
 
 
 
24.26 - 27.72
 
 
 
175,146
 
 
 
0.23
 
 
 
27.07
 
 
 
175,146
 
 
 
27.07
 
 
 
27.73 - 31.18
 
 
 
5,958
 
 
 
3.63
 
 
 
29.74
 
 
 
5,958
 
 
 
29.74
 
 
 
31.19 - 34.65
 
 
 
3,711
 
 
 
4.10
 
 
 
34.65
 
 
 
3,711
 
 
 
34.65
 
Total Stock Options
 
 
 
1,868,777
 
 
 
3.25
 
 
$
10.87
 
 
 
1,348,506
 
 
$
12.92
 
Combined
 
 
 
2,097,231
 
 
 
3.18
 
 
$
9.68
 
 
 
1,348,506
 
 
$
12.92
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock options and restricted stock stock activity
The following table presents information about stock option and restricted stock activity during the three months ended March 31, 2013:

 
Restricted Stock Awarded
 
 
Weighted-Average Grant Date Fair Value
 
 
Stock Options
 
 
Weighted-Average Exercise Price
 
Balance at December 31, 2012
 
 
446,946
 
 
$
7.24
 
 
 
1,877,500
 
 
$
11.02
 
Granted
 
 
13,604
 
 
 
4.67
 
 
 
37,808
 
 
 
4.67
 
Forfeited
 
 
(3,542
)
 
 
6.96
 
 
 
(45,410
)
 
 
12.31
 
Vested
 
 
(228,554
)
 
 
8.23
 
 
 
N/A
 
 
 
N/A
 
Exercised
 
 
N/A
 
 
 
N/A
 
 
 
(1,121
)
 
 
4.52
 
Balance at March 31, 2013
 
 
228,454
 
 
$
6.10
 
 
 
1,868,777
 
 
$
10.87