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Share-based compensation plans (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Share-Based Compensation by Line Item in Condensed Consolidated Statements of Operations

The following table shows the detail of share-based compensation by line item in the consolidated statements of operations for the years ended December 31, 2012, 2011 and 2010 and the assumptions for each of these years in which grants were awarded:

 

(U.S. Dollars, in thousands, except assumptions)

   Year Ended
December 31,
2012
     Year Ended
December 31,
2011
     Year Ended
December 31,
2010 (1)
 

Cost of sales

   $ 592       $ 153       $ 210   

Sales and marketing

     1,550         2,031         3,505   

General and administrative

     4,023         4,322         4,105   

Research and development

     138         142         318   
  

 

 

    

 

 

    

 

 

 

Total

   $ 6,303       $ 6,648       $ 8,138   
  

 

 

    

 

 

    

 

 

 

 

(U.S. Dollars, in thousands, except assumptions)

   Year Ended
December 31,
2012
  Year Ended
December 31,
2011
  Year Ended
December 31,
2010 (1)
 

Assumptions:

      

Expected term

   4.50 years   4.58 years     —    

Expected volatility

   50.9% – 51.8%   49.6% – 49.9%     —    

Risk free interest rate

   0.76% – 0.84%   0.90% – 2.26%     —    

Dividend rate

   —     —       —    

Weighted average fair value of options granted during the year

   $16.99   $14.21   $ —    

 

(1) The Company did not grant any options during 2010.
Schedule of Stock Option Activity

Summaries of the status of the Company’s stock option plans as of December 31, 2012 and 2011 and changes during the year ended December 31, 2012 are presented below:

 

     Options     Weighted Average
Exercise Price
     Weighted
Average
Remaining
Contractual
Term
 

Outstanding at December 31, 2011

     2,559,272      $ 33.41      

Granted

     347,250      $ 40.46      

Exercised

     (716,564   $ 31.50      

Forfeited

     (244,003   $ 40.50      
  

 

 

      

Outstanding at December 31, 2012

     1,945,955      $ 34.50         5.39   
  

 

 

      

Vested and expected to vest at December 31, 2012

     1,903,616      $ 34.42         5.31   
  

 

 

      

Options exercisable at December 31, 2012

     1,448,293           4.20   
  

 

 

      
Schedule of Stock Options Outstanding and Exercisable by Price Range

Outstanding and exercisable by price range as of December 31, 2012

 

     Options Outstanding      Options Exercisable  

Range of Exercise Prices

   Number
Outstanding
     Weighted
Average
Remaining
Contractual
Life
     Weighted
Average
Exercise
Price
     Number
Exercisable
     Weighted
Average
Exercise
Price
 

$10.42 – $25.01

     253,661         5.09       $ 23.40         253,661       $ 23.40   

$25.05 – $28.95

     326,383         5.30       $ 26.96         314,383       $ 26.97   

$29.23 – $33.01

     314,433         6.84       $ 31.60         167,102       $ 31.44   

$33.08 – $38.11

     347,859         3.50       $ 37.49         307,194       $ 37.51   

$38.40 – $39.94

     282,687         6.61       $ 39.68         126,687       $ 39.69   

$40.27 – $41.37

     210,000         7.05       $ 41.22         68,334       $ 41.20   

$43.04 – $45.84

     188,932         3.47       $ 44.63         188,932       $ 44.63   

$50.15 – $50.15

     12,500         4.29       $ 50.15         12,500       $ 50.15   

$50.50 – $50.50

     2,000         4.01       $ 50.50         2,000       $ 50.50   

$50.99 – $50.99

     7,500         4.04       $ 50.99         7,500       $ 50.99   
  

 

 

          

 

 

    

$10.42 – $50.99

     1,945,955         5.39       $ 34.50         1,448,293       $ 33.54   
  

 

 

          

 

 

    
Schedule of Changes in Restricted Stock

A summary of the status of our restricted stock as of December 31, 2012 and 2011 and changes during the year ended December 31, 2012 are presented below:

 

     Shares     Weighted
Average Grant
Date Fair Value
 

Non-vested as of December 31, 2011

     69,000      $ 29.23   

Granted

     149,500      $ 40.93   

Vested

     (28,336   $ 29.23   

Cancelled

     (29,333   $ 38.87   
  

 

 

   

Non-vested as of December 31, 2012

     160,831      $ 38.34