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Equity-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Stock Option Activity

The following table summarizes the Company’s stock option activity and related information for the year ended December 31, 2012:

 

     Option
Shares
     Weighted
Average
Exercise
Price Per
Share
     Weighted
Average
Remaining
Contractual
Term
(Years)
     Aggregate
Intrinsic
Value
 
(Amounts in thousands, except share and per share data)                            

Outstanding at January 1, 2012

     479,443       $ 20.78         

Granted

     —           —           

Exercised

     5,223         11.97         

Forfeited

     2,340         21.85         
  

 

 

    

 

 

       

Outstanding at December 31, 2012

     471,880       $ 20.87         6.2       $ 432   
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable at December 31, 2012

     391,013       $ 22.69         5.7       $ 147   
  

 

 

    

 

 

    

 

 

    

 

 

 
Fair Values of Grants Estimated Using Weighted Average Assumptions

The fair values of grants made during the three years ended December 31, 2012, were estimated using the following weighted average assumptions:

 

     2012      2011     2010  

Volatility

     —           27.96     —     

Expected dividend yield

     —           3.24     —     

Expected term (in years)

     —           6.18        —     

Risk-free rate

     —           1.50     —     
Summary of Changes in Nonvested Shares of Common Stock

The following table summarizes the changes in the Company’s nonvested shares of the Company’s Common Stock for the year ended December 31, 2012:

 

            Weighted Average  
     Shares      Grant-Date Fair Value  

Nonvested at January 1, 2012

     6,350       $ 13.67   

Granted

     18,400         12.39   

Vested

     5,800         12.89   

Forfeited

     —           —     
  

 

 

    

 

 

 

Nonvested at December 31, 2012

     18,950       $ 12.67