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Equity-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2013
Equity-Based Compensation Plans Tables  
Schedule of option pricing assumptions

 

    2012
Expected dividend yield   3.28%
Risk-free interest rate   1.64%
Expected life   10 years
Expected volatility   41.82%
Schedule of Company's stock options outstanding

The following table presents information regarding the activity since December 31, 2010 related to all of the Company’s stock options outstanding:

 

    Options Outstanding  
    Number of
Shares
    Weighted-
Average
Exercise
Price
    Weighted-
Average
Contractual
Term (years)
    Aggregate
Intrinsic
Value
 
                         
Balance at December 31, 2010     642,397     $ 18.11                  
                                 
   Granted                            
   Exercised     (2,300 )     13.30             $ 6,949  
   Forfeited                            
   Expired     (146,247 )     15.47                  
                                 
Balance at December 31, 2011     493,850     $ 18.92                  
                                 
   Granted     75,000       9.76                  
   Exercised                            
   Forfeited                            
   Expired     (47,237 )     16.70                  
                                 
Balance at December 31, 2012     521,613     $ 17.80                  
                                 
   Granted                            
   Exercised                            
   Forfeited                            
   Expired     (57,800 )     16.88                  
                                 
Outstanding at December 31, 2013     463,813     $ 17.92       3.2     $ 572,992  
                                 
Exercisable at December 31, 2013     388,813     $ 19.49       2.2     $ 62,617  
Schedule of information about the stock options outstanding

The following table summarizes information about the stock options outstanding at December 31, 2013:

 

    Options Outstanding     Options Exercisable  

 

 

Range of

Exercise Prices

  Number
Outstanding
at 12/31/13
    Weighted-
Average
Remaining
Contractual Life
  Weighted-
Average
Exercise
Price
    Number
Exercisable
at 12/31/13
    Weighted-
Average
Exercise
Price
 
                                     
$8.85 to $11.06     75,000     8.7   $ 9.76           $  
$11.06 to $13.27                          
$13.27 to $15.48     27,000     5.4     14.35       27,000       14.35  
$15.48 to $17.70     109,584     3.9     16.60       109,584       16.60  
$17.70 to $19.91     56,250     1.7     19.65       56,250       19.65  
$19.91 to $22.12     195,979     0.9     21.77       195,979       21.77  
      463,813     3.2   $ 17.92       388,813     $ 19.49
Schedule of outstanding restricted stock

The following table presents information regarding the activity during 2011, 2012, and 2013 related to the Company’s outstanding performance units and restricted stock:

 

    Nonvested Performance Units     Long-Term Restricted Stock  

 

 

 

  Number of
Units
    Weighted-
Average
Grant-Date
Fair Value
    Number of
Units
    Weighted-
Average
Grant-Date
Fair Value
 
                         
Nonvested at December 31, 2010     27,113     $ 16.53       29,267     $ 13.59  
                                 
Granted during the period                 7,259       14.54  
Vested during the period     (27,022 )     16.53       (29,267 )     13.59  
Forfeited or expired during the period     (91 )     16.53              
                                 
Nonvested at December 31, 2011         $       7,259     $ 14.54  
                                 
Granted during the period                 49,559       9.99  
Vested during the period                        
Forfeited or expired during the period                 (2,474 )     12.55  
                                 
Nonvested at December 31, 2012         $       54,344     $ 10.48  
                                 
Granted during the period                        
Vested during the period                 (6,163 )     14.54  
Forfeited or expired during the period                 (2,807 )     10.96  
                                 
Nonvested at December 31, 2013         $       45,374     $ 9.90