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Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Valuation assumptions
The weighted-average estimated value of SPRs outstanding as of December 31, 2012 was $4.01 per SPR using the following assumptions:

Expected volatility
49.4% to 71.1%
Risk-free rate of return
0.1% to 0.9%
Expected term (in years)
0.3 to 5.7
Expected annual dividend
$0
Activity related to SPRs
Activity related to the Company’s SPRs during the year ended December 31, 2012 was as follows:
 
 
 
Weighted
 
Number
 
Average
 
of SPRs
 
Exercise Price
Outstanding on December 31, 2011
276,200

 
$
27.58

Granted
340,000

 
7.62

Cancelled
(99,500
)
 
23.28

Outstanding on December 31, 2012
516,700

 
15.28

 
 
 
 
Exercisable on December 31, 2012
175,833

 
$
30.08

Activity related to RSAs
Activity related to the Company’s RSAs during the year ended December 31, 2012 was as follows:
 
Restricted Stock
 
Awards
Outstanding on December 31, 2011 (1)
69,171
Granted
70,587
Exchanged for common shares
(34,084)
Cancelled
(31,856)
Outstanding on December 31, 2012
73,818

(1)    Includes 5,781 RSAs earned under a long-term performance incentive plan.