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STOCK BASED COMPENSATION PLANS
 12 Months Ended
Dec. 31, 2012
STOCK BASED COMPENSATION PLANS [Abstract]  
STOCK BASED COMPENSATION PLANS
Note 11, Stock-Based Compensation Plans:

We have options and awards outstanding for Common Stock under two stock-based employee compensation plans, the 2004 Long Term Incentive Plan (the "2004 LTIP Plan") and the 1998 Stock Option Plan (the "1998 Plan"). As of December 31, 2012, 840,854 shares were available for awards and options under the 2004 LTIP Plan.  No new awards may be granted under the 1998 Plan.

The following table summarizes our stock option and award activity during the years ended December 31, 2012, 2011 and 2010:
 
 
Restricted Stock Award
 
 
Stock-Settled
 Appreciation Rights
 
 
Options
 
 
Shares or Units
 
 
Weighted-Average
Award Price
 
 
 
 
Rights
 
 
Weighted-Average
 Award Price
 
 
Shares
 
 
Weighted-Average
Exercise Price
 
Outstanding at January 1, 2010
 
 
292,175
 
 
 
10.37
 
 
 
152,100
 
 
$
8.87
 
 
 
1,505,025
 
 
$
15.62
 
Granted
 
 
201,400
 
 
 
12.07
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
Exercised or restrictions lapsed(1)
 
 
(195,325
)
 
 
10.28
 
 
 
(8,051
)
 
 
8.92
 
 
 
(272,162
)
 
 
12.20
 
Forfeited or expired
 
 
(9,125
)
 
 
10.97
 
 
 
—
 
 
 
—
 
 
 
(402,436
)
 
 
18.84
 
Outstanding at December 31, 2010
 
 
289,125
 
 
 
11.65
 
 
 
144,049
 
 
 
8.87
 
 
 
830,427
 
 
 
15.18
 
Granted
 
 
249,600
 
 
 
12.67
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
Exercised or restrictions lapsed(1)
 
 
(104,000
)
 
 
12.03
 
 
 
—
 
 
 
—
 
 
 
(25,000
)
 
 
10.81
 
Forfeited or expired
 
 
(2,700
)
 
 
12.39
 
 
 
—
 
 
 
—
 
 
 
(513,327
)
 
 
15.95
 
Outstanding at December 31, 2011
 
 
432,025
 
 
$
12.13
 
 
 
144,049
 
 
 
8.87
 
 
 
292,100
 
 
 
14.20
 
Granted
 
 
252,700
 
 
 
12.34
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
Exercised or restrictions lapsed(1)
 
 
(127,050
)
 
 
11.87
 
 
 
(22,300
)
 
 
8.94
 
 
 
(236,100
)
 
 
12.89
 
Forfeited or expired
 
 
(1,750
)
 
 
12.34
 
 
 
 
 
 
 
 
 
 
 
(6,000
)
 
 
12.84
 
Outstanding at December 31, 2012
 
 
555,925
 
 
$
12.28
 
 
 
121,749
 
 
$
8.85
 
 
 
50,000
 
 
$
20.56
 
Exercisable at December 31, 2012
 
 
 
 
 
 
 
 
 
 
96,224
 
 
$
8.89
 
 
 
50,000
 
 
$
20.56
 
Exercisable at December 31, 2011
 
 
 
 
 
 
 
 
 
 
80,508
 
 
$
8.91
 
 
 
292,100
 
 
$
14.20
 
Exercisable at December 31, 2010
 
 
 
 
 
 
 
 
 
 
42,480
 
 
$
8.95
 
 
 
830,427
 
 
$
15.18
 
 
(1) The total intrinsic value of options and stock-settled appreciation rights exercised was approximately $760,000, $49,000 and $1,172,000 in 2012, 2011 and 2010, respectively.

The stock options outstanding as of December 31, 2012 expire in 2013 and most have an exercise price of $20.75.  All of the exercise prices for options outstanding at December 31, 2012 were greater than the market price of common stock on that date.

The aggregate intrinsic value of vested and outstanding stock-settled appreciation rights at December 31, 2012 was approximately $714,000 and $908,000, respectively.

The total fair value of restricted common stock shares that vested in 2012, 2011 and 2010 was approximately $1,528,000, $1,251,000 and $3,099,000, respectively.  The aggregate intrinsic value of outstanding restricted common stock grants was $9,067,000 at December 31, 2012.

Grants of restricted common stock and stock-settled appreciation rights are made to certain officers and key employees under the 2004 LTIP Plan. The restrictions on the awards generally lapse annually, primarily over four year periods. The compensation is being charged to selling, general and administrative expense over the respective grants' vesting periods, primarily on a straight-line basis, and was approximately $2,553,000, $2,060,000 and $1,716,000 in 2012, 2011 and 2010, respectively. As of December 31, 2012, the total compensation cost related to unvested equity awards was approximately $4,110,000 and is expected to be recognized over a weighted-average period of 2.5 years.