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Stock-based compensation (Tables)
9 Months Ended
Sep. 30, 2012
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of stock option activity under the Company’s share-based compensation plans for the nine months ended September 30, 2012 is presented in the following table:

 

    Options     Weighted
Average
Exercise Price
    Weighted
Average
Remaining
Contractual Life
(Years)
    Aggregate
Intrinsic
Value  (1)
 
Outstanding at beginning of period     378,394     $ 14.91                  
Granted     15,813       7.13                  
Exercised     (1,384 )     6.46                  
Forfeited / expired     (77,169 )     18.99                  
Outstanding as of September 30, 2012     315,654     $ 13.56       2.32     $ 32,701  
Exercisable as of September 30, 2012     199,300     $ 15.34       1.49     $ 32,701  

 

(1) The intrinsic value of a stock option represents the amount by which the fair value of the underlying stock, measured by reference to the closing price of the common stock of $8.27 in the NASDAQ Global Select Market on September 30, 2012, exceeds the exercise price of the option.