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Stock Incentive Plans and Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2012
Stock Incentive Plans and Stock-Based Compensation [Abstract]  
Summary of stock option activity

The following table summarizes stock option activity in 2012 under the Company’s 2009 Stock Incentive Plan:

 

                 
    Number of
Options
    Weighted Average
Exercise Price
 

Outstanding at December 31, 2011

    671,294     $ 14.48  
     

Options granted

    7,500     $ 17.55  

Options exercised

    (118,472   $ 14.26  

Options cancelled or expired

    0          
   

 

 

         

Outstanding at June 30, 2012

    560,322     $ 14.57  
   

 

 

         

Exercisable at June 30, 2012

    252,797     $ 13.49  
   

 

 

         

Available for grant at June 30, 2012

    626,300          
   

 

 

         
Summary of stock options outstanding

The following table presents information on stock options outstanding for the periods shown:

 

                                 
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
($ in thousands, except per share data)   2012     2011     2012     2011  

Intrinsic value of options exercised in the period

  $ 91     $ 0     $ 680     $ 34  

 

                 
    As of June 30,  
    2012     2011  

Stock options:

               

Aggregate intrinsic value

  $ 1,934     $ 415  

Weighted average contractual term of options

    7.07 years       7.41 years