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Share-based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2012
Share-Based Compensation Plans [Abstract]  
Summary of share-based compensation expense

The following summarizes share-based compensation expense recorded:

 

                         
    Year ended December 31,  
    2012     2011     2010  
    (in thousands)  

Cost of sales

  $ 432     $ 143     $ 49  

Selling, general and administrative expenses

    2,616       1,318       748  
   

 

 

   

 

 

   

 

 

 

Total

  $ 3,048     $ 1,461     $ 797  
   

 

 

   

 

 

   

 

 

 
Schedule of Share-Based Compensation, Stock Options, Activity

A summary of status of the Company’s stock options as of December 31, 2012 and changes during the three years then ended is presented below:

 

                                 
    Options     Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Life
    Aggregate
Intrinsic
Value
 
                (in years)     (in thousands)  

Balance, December 31, 2009

    213,103     $ 15.26                  

Options granted

    24,000       24.15                  

Options exercised or exchanged

    (87,671     13.63                  

Options cancelled

    (4,223     17.90                  
   

 

 

                         

Balance, December 31, 2010

    145,209       17.64                  

Options granted

    —          —                     

Options exercised or exchanged

    (73,612     14.12                  

Options cancelled

    —         —                     
   

 

 

                         

Balance, December 31, 2011

    71,597       21.26                  

Options granted

    —         —                     

Options exercised or exchanged

    (24,597     17.58                  

Options cancelled

    —         —                     
   

 

 

                         

Balance, December 31, 2012

    47,000       23.19                  
   

 

 

   

 

 

                 

Exercisable and Outstanding, December 31, 2012

    47,000       23.19       4.86     $ 122  
   

 

 

                         
Summary of information about stock options outstanding

The following table summarizes information about stock options outstanding at December 31, 2012:

 

                                         

Options Outstanding

    Options Exercisable  

Range of

Exercise Prices

Per Share

  Number
of
Options
    Weighted
Average
Remaining
Contractual
Life (years)
    Weighted
Average
Exercise
Price Per
Share
    Number
of
Options
    Weighted
Average
Exercise
Price Per
Share
 

$10.31

    7,000       0.36     $ 10.31       7,000     $ 10.31  

$14.00

    2,000       1.36       14.00       2,000       14.00  

$22.07 - $24.15

    28,000       6.55       23.85       28,000       23.85  

$28.31

    4,000       3.36       28.31       4,000       28.31  

$34.77

    6,000       4.41       34.77       6,000       34.77  
   

 

 

                   

 

 

         
      47,000       4.86       23.19       47,000       23.19  
   

 

 

                   

 

 

         
Summary of transactions and other information related to Restricted Stock Units
         
Year Ended December 31, 2010      

Risk-free interest rate

    3.74

Expected dividend yield

    0

Expected volatility

    51.19

Expected lives (in years)

    9.25  
Summary of the status of the Company's restricted stock units and performance awards

A summary of status of the Company’s RSUs and PSAs as of December 31, 2012 and changes during the three years then ended is presented below:

 

                 
    Number of
RSUs and PSAs
    Weighted Average Grant
Date Fair Value
 

Unvested RSUs and PSAs at December 31, 2009

    127,487     $ 41.66  

Unvested RSUs and PSAs cancelled

    (54,986     44.70  

Unvested RSUs and PSAs vested

    (16,658     47.27  
   

 

 

         

Unvested RSUs and PSAs at December 31, 2010

    55,843       37.00  

RSUs and PSAs granted

    174,891       23.32  

Unvested RSUs and PSAs cancelled

    (20,997     47.46  

Unvested RSUs and PSAs vested

    (15,756     26.27  
   

 

 

         

Unvested RSUs and PSAs at December 31, 2011

    193,981       24.41  

RSUs and PSAs granted

    115,306       29.06  

Unvested RSUs and PSAs cancelled

    (39,306     28.44  

Unvested RSUs and PSAs vested

    (26,840     23.13  
   

 

 

         

Unvested RSUs and PSAs at December 31, 2012

    243,141     $ 26.11