SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2012

Summary of the Company's restricted stock award program

		Units

Outstanding – January 1, 2012		1,157,238
Granted		394,900
Vested		(261,709)
Forfeited		(8,949)
Outstanding – December 31, 2012		1,281,480

Schedule of restricted stock units granted during the year

The Compensation Committee of the Company’s Board of Directors granted restricted stock units under the 2005 Plan during the years ended December 31, 2012, 2011, and 2010 as follows:

		Weighted-Average
		Grant Date
	Units	Fair Value

2012	394,900	$ 14.55
2011	334,700	$ 22.49
2010	314,130	$ 22.57

Summary of the Company's stock option program

			Weighted-
			Average
		Weighted-	Remaining	Intrinsic
	Shares	Average	Contractual	Value(2)
	Under Option(1)	Exercise Price	Term (Years)	*(in thousands)*

Outstanding – January 1, 2012	280,425	$ 27.29
Granted	–
Exercised	–
Forfeited	(40,000)	26.61
Outstanding – December 31, 2012	240,425	$ 27.40	0.7	–

(1) Options outstanding are vested and available to be exercised.

(2) The intrinsic value for each option represents the excess, if any, of the market value of the Company’s Common Stock on December 31, 2012 over the exercise price of the option.

Summary of additional activity related to Company's stock option program

The following table summarizes additional activity related to the Company’s stock option program for the years ended December 31:

	2012		2011		2010
			(in thousands)
Intrinsic value of options exercised	$	–	$	79	$	415
Cash proceeds of options exercised	$	–	$	763	$	1,828
Tax benefit of options exercised	$	–	$	30	$	83