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Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Fair Value of Option Grants

The fair value of option grants is estimated on the grant date using the Black-Scholes option-pricing model with the following assumptions for option grants during the six months ended June 30, 2013 and 2012:

		The Six Months  Ended June 30,
		2013				2012
Expected volatility			48.49	%			48.49	%
Expected dividends			0.00	%			0.00	%
Expected term (in years)			10.00				10.00
Risk-free rate			1.76	%			2.20	%
Vesting period (in years)			5				5

Summary of Company's Stock Option Plan Activity

A summary of the status of the Company’s stock option plan is presented below (shares in thousands):

		Number of Shares				Weighted Average Price Per  Share				Weighted Average Remaining Contractual Life (Years)				Aggregate Intrinsic Value
Options outstanding at January 1, 2013			887			$	8.66
Granted			100				16.73
Exercised			(98	)			5.46
Forfeited			—				—
Options outstanding at June 30, 2013			889			$	9.92				6.0			$	13,403
Options exercisable at June 30, 2013			561			$	6.64				4.2			$	10,296
Available for grant at June 30, 2013			988

Summary of Vesting Status of Options Outstanding

Information on the activity of options for the six months ended June 30, 2013 follows (shares in thousands):

		2013
		Shares				Weighted Average Grant  Date Fair Value
Non-vested options at January 1, 2013			285			$	15.00
Granted			100				16.73
Vested			(57	)			15.00
Forfeited			—				—
Non-vested options at June 30, 2013			328			$	15.53

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- Definition

Tabular disclosure of the changes in outstanding nonvested shares.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (f)(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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