Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Certain Information Related to Stock Options and Restricted Stock

The following table provides certain information related to stock options and restricted stock for the periods presented (in thousands, except per share data):


	Three Months Ended June 30, 2013
	Stock Options									Restricted Stock
	Number of Options			Weighted Average Exercise Price per Share (1)		Aggregate Intrinsic Value		Weighted Average Remaining Term		Number of Shares (2)		Weighted Average Grant Date Fair Value per Share (1)
Outstanding as of March 31, 2013		5,815		$	4.33						600	$	4.12
Granted		—			—						850		4.88
Exercised		(1,725	)		3.99						n/a		n/a
Vested		n/a			n/a						—		—
Expired		(850	)		3.90						n/a		n/a

Outstanding as of June 30, 2013		3,240		$	4.62	$	7,986		3.63		1,450	$	4.56

Exercisable as of June 30, 2013		2,055		$	4.92	$	4,441		2.65


	Six Months Ended June 30, 2013
	Stock Options									Restricted Stock
	Number of Options			Weighted Average Exercise Price per Share (1)		Aggregate Intrinsic Value		Weighted Average Remaining Term		Number of Shares (2)			Weighted Average Grant Date Fair Value per Share (1)
Outstanding as of December 31, 2012		5,330		$	4.29						1,152		$	4.37
Granted		685			4.51						850			4.88
Exercised		(1,925	)		3.98						n/a			n/a
Vested		n/a			n/a						(552	)		4.64
Expired		(850	)		3.90						n/a			n/a

Outstanding as of June 30, 2013		3,240		$	4.62	$	7,986		3.63		1,450		$	4.56

Exercisable as of June 30, 2013		2,055		$	4.92	$	4,441		2.65

(1)

Unless otherwise specified, such as in the case of the exercise of stock options, the per share prices were determined using the closing price of the Company’s Common Stock as quoted on the NYSE MKT LLC. Shares issued upon exercise of options represent original issuances in private transactions pursuant to Section 4(2) of the Securities Act of 1933, as amended or issuances under the Company’s 2009 Omnibus Incentive Plan.

(2)	All shares outstanding as of June 30, 2013 are expected to vest.

n/a—Not applicable

Certain Information Regarding Company's Share-Based Compensation

The following table provides certain information in connection with the Company’s share-based compensation arrangements for the periods presented (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013			2012
Compensation expense:
Stock options	$	309	$	309	$	613		$	646
Restricted stock		1,452		371		2,315			1,046

Total	$	1,761	$	680	$	2,928		$	1,692

Deferred tax benefits:
Stock options	$	119	$	119	$	236		$	249
Restricted stock		87		87		256			291

Total	$	206	$	206	$	492		$	540

Realized tax benefits:
Stock options	$	1,690	$	128	$	1,750		$	141
Restricted stock		—		—		374			291

Total	$	1,690	$	128	$	2,124		$	432

Excess tax benefits (shortfall):
Stock options	$	155	$	71	$	63		$	71
Restricted stock		—		—		(59	)		(142	)

Total	$	155	$	71	$	4		$	(71	)


Weighted average fair value per option or share:
Stock option grants	$	—	$	—	$	0.37		$	—
Restricted stock grants	$	4.88	$	—	$	4.88		$	—
Intrinsic value of options exercised	$	4,381	$	332	$	4,537		$	367
Fair value of restricted stock vested	$	—	$	—	$	2,548		$	1,164
Cash received for strike price and tax withholdings	$	—	$	—	$	—		$	518
Shares acquired through cashless exercise (1)		1,284		147		1,683			147
Value of shares acquired through cashless exercise (1)	$	8,443	$	583	$	10,295		$	583

(1)	All shares acquired represent shares tendered to cover the strike price for options and tax withholdings on the intrinsic value of options exercised or restricted stock vested. These shares have been cancelled by the Company.

Unrecognized Compensation Expense and Weighted Average Period

The following table presents the amount of unrecognized compensation expense as of the most recent balance sheet date and the weighted average period over which those expenses will be recorded for both stock options and restricted stock (dollars in thousands):


	As of June 30, 2013
	Stock Options		Restricted Stock
Unrecognized expense	$	463	$	4,733
Weighted average remaining years		1.72		0.96