Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The significant weighted average assumptions for the years ended December 31, 2013, 2012 and 2011 were as follows:

	2013		2012		2011
Risk free interest rate	0.47	%	0.26	%	1.33	%
Expected option life (years)	1.7		1.5		3.4
Expected volatility	27.87	%	43.43	%	68.18	%
Expected dividend yield	2.71	%	3.78	%	2.89	%

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of the Company’s stock option activity for the year ended December 31, 2013 is as follows:

	Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value (1)
Outstanding at beginning of period	315,654	$	13.56
Granted	16,780		8.24
Exercised	(65,559)		7.90
Forfeited/expired	(42,531)		24.14
Outstanding as of December 31, 2013	224,344	$	12.82	1.80	years	$	772,522
Exercisable as of December 31, 2013	154,211	$	13.94	1.28	years	$	510,184

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(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 shares of $14.10 on the Nasdaq Global Select Market on December 31, 2013, exceeds the exercise price of the option.

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

The following table summarizes the weighted average fair value of options at the date of grant and the intrinsic value of options exercised during the years ended December 31, 2013, 2012 and 2011:

	2013		2012		2011
Options granted with an exercise price below market price on the date of grant:
Employees — preferred stock	$	4.65	$	1.28	$	1.47
Overall weighted average	$	4.65	$	1.28	$	1.47

Options granted with an exercise price at market price on the date of grant:
Management – common stock	$	-	$	-	$	4.45
Other employees — common stock	$	3.18	$	3.28	$	4.17
Overall weighted average	$	3.18	$	3.28	$	4.44

Options granted with an exercise price above market price on the date of grant:
Management	$	-	$	-	$	-
Other employees	$	-	$	-	$	-
Overall weighted average	$	-	$	-	$	-

Total intrinsic value of options exercised	$	190,212	$	1,799	$	1,325

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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