v2.4.0.8
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2013 and 2012.
 
   
Three months ended 
September 30, 2013
 
Three months ended
 September 30, 2012
 
Nine months ended 
September 30, 2013
 
Nine months ended 
September 30, 2012
Expected dividend yield1
  - 
%
  4.44 
%
  1.37 
%
  4.40 
%
Expected stock price volatility
  - 
%
  60.41 
%
  54.66 
%
  60.75 
%
Risk-free interest rate
  - 
%
  1.58 
%
  2.08 
%
  1.74 
%
Expected life of options
  - 
Years
  4.47 
Years
  4.56 
Years
  4.47 
Years
Estimated fair value per option granted
  -    $1.93    $1.63    $1.90  

 
1The Company suspended quarterly dividend payments during the three months ended June 30, 2013.
Information about common stock options and restricted grants
The following table presents information about outstanding common stock options and restricted grants as of September 30, 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 
                  252,483
 
                         2.18
   
 N/A
 
 N/A
  
 N/A
 
Stock Options
                    
 $3.47 - 6.93 
                  544,590
 
                         8.91
 
$
                           4.53
 
                      62,164
 
$
              4.87
  6.94 - 10.39 
                    51,962
 
                         5.97
   
                           8.64
 
                      39,887
  
              8.58
  10.40 - 13.86 
                  127,650
 
                         6.15
   
                         11.40
 
                      85,284
  
            11.47
  13.87 - 17.32 
                    22,464
 
                         2.39
   
                         16.78
 
                      22,464
  
            16.78
  17.33 - 20.79 
                      5,496
 
                         4.61
   
                         18.41
 
                        5,496
  
            18.41
  20.80 - 24.25 
                      1,000
 
                         1.87
   
                         21.09
 
                        1,000
  
            21.09
  24.26 - 27.72 
                      6,500
 
                         2.35
   
                         26.96
 
                        6,500
  
            26.95
  27.73 - 31.18 
                      5,958
 
                         3.12
   
                         29.74
 
                        5,958
  
            29.74
  31.19 - 34.65 
                      3,711
 
                         3.59
   
                         34.65
 
                        3,711
  
            34.65
 Total Stock Options 
                  769,331
 
                         7.90
 
$
                           6.96
 
                    232,464
 
$
            11.20
 Combined 
               1,021,814
 
                         6.49
 
$
                           5.24
 
                    232,464
 
$
            11.20
Stock options and restricted stock stock activity
The following table presents information about stock option and restricted stock activity during the nine months ended September 30, 2013:

 
   
Restricted Stock
Awards and Units
 
Weighted-Average
Grant Date Fair
 Value
 
Stock Options
 
Weighted-Average
Exercise Price
Balance at December 31, 2012
               446,946
 
$
                      6.25
 
              1,877,500
 
$
                    11.02
Granted
                 54,907
   
                      3.84
 
                 129,119
  
                      3.89
Forfeited
               (10,436)
   
                      5.61
 
            (1,236,167)
  
                    12.81
Vested
             (249,107)
   
                      7.97
 
 N/A
  
 N/A
Exercised
 N/A
   
 N/A
 
                   (1,121)
  
                      4.52
Balance at September 30, 2013
               242,310
 
$
                      5.79
 
                 769,331
 
$
                      6.95