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Stock Option And Stock Award Plans | 12 Months Ended
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Dec. 31, 2011
Stock Option And Stock Award Plans [Abstract] |
Stock Option And Stock Award Plans | 12 STOCK OPTION AND STOCK AWARD PLANS We have one stock option plan under which stock options may be granted to purchase a specified number of shares of common stock at a price no lower than the fair market value on the date of grant and for a term not to exceed 10 years. In addition, we have one other stock option plan under which there are options that remain outstanding, but no future grants can be made. Employee options ordinarily vest two years from the date of grant. The option plans also permit the grant of stock appreciation rights ("SARs"), stock, restricted stock, stock unit awards and incentive awards. Restricted stock grants ordinarily vest three years from the date of grant based upon continued employment and/or the achievement of certain performance targets. No SARs have been granted since 1992 and none are currently outstanding. A summary of our stock options outstanding at December 31, 2011, 2010 and 2009, and changes during those years, is presented below:
|  |  |  | Option Exercise Price/Share
| Number of |  |  |  |  |  |  |  | Weighted
| Options |  |  |  | Range |  |  |  | Average
Outstanding at December 31, 2008 | 694,350 |  | $ | 13.95 | to | $ | 19.52 | $ | 15.92
Granted | 283,400 |  |  | 14.72 | to |  | 18.12 |  | 17.92
Forfeited and Expired | (171,875 | ) |  | 13.95 | to |  | 19.52 |  | 17.59
Exercised | (9,700 | ) |  | 13.95 | to |  | 15.11 |  | 14.37
Outstanding at December 31, 2009 | 796,175 |  |  | 13.95 | to |  | 19.52 |  | 16.29
Granted | 316,000 |  |  | 16.66 | to |  | 17.54 |  | 17.15
Forfeited and Expired | (29,325 | ) |  | 13.95 | to |  | 18.12 |  | 16.37
Exercised | (65,575 | ) |  | 13.95 | to |  | 15.80 |  | 15.04
Outstanding at December 31, 2010 | 1,017,275 |  |  | 13.95 | to |  | 19.52 |  | 16.64
Granted | 235,800 |  |  | 16.87 | to |  | 19.84 |  | 19.79
Forfeited and Expired | (51,800 | ) |  | 13.95 | to |  | 19.84 |  | 16.78
Exercised | (79,775 | ) |  | 13.95 | to |  | 18.12 |  | 15.11
Outstanding at December 31, 2011 | 1,121,500 |  | $ | 14.06 | to | $ | 19.84 | $ | 17.40
The following table summarizes additional information about stock options outstanding and exercisable at December 31, 2011:
|  |  |  |  |  |  | Options Outstanding at |  |  | Options Exercisable at
|  |  |  |  |  |  | December 31, 2011 |  |  | December 31, 2011 |
|  |  |  |  |  |  | Weighted Average |  | Aggregate |  |  |  | Aggregate
|  |  |  |  |  |  | Remaining |  |  |  | Intrinsic |  | Weighted | Intrinsic
|  |  |  |  |  |  | Contract- |  |  |  | Value |  | Average |  | Value
|  | Range of |  | ual Life | Exercise |  | (In |  | Exercise |  | (In
| Exercise Prices | Shares | (Years) |  | Price |  | Thousands) | Shares |  | Price | Thousands)
$ | - | to |  | $ | 15.00 | 41,500 | 4.0 | $ | 14.27 | $ | 330 | 41,500 | $ | 14.27 | $ | 330
| 15.01 | to |  | 17.00 | 318,300 | 3.7 |  | 15.74 |  | 2,063 | 310,000 |  | 15.71 |  | 2,018
| 17.01 | to |  | 20.00 | 761,700 | 5.1 |  | 18.27 |  | 3,009 | 248,900 |  | 18.14 |  | 1,016
| Total |  |  |  |  | 1,121,500 | 4.7 | $ | 17.40 | $ | 5,402 | 600,400 | $ | 16.62 | $ | 3,364
The following table summarizes additional information about non-vested restricted stock outstanding at December 31, 2011:
|  |  |  |  |  |  |  | Maximum Non-vested Restricted |
|  |  |  |  |  |  |  | Stock Units Issuable Upon Satis- |
| Non-vested Restricted Stock |  |  | faction of Certain Performance Criteria |
|  |  | Wgtd. Ave. | Grant Date |  |  |  | Wgtd. Ave. | Grant Date |
| Number |  | Grant Date | Fair Value (In |  | Number |  | Grant Date | Fair Value (In |
| of Shares |  | Fair Value/Sh. Thousands) |  | of Shares |  | Fair Value/Sh. Thousands) |
Outstanding at December 31, 2008 | 53,500 |  | $ | 13.94 | $ | 746 |  | 207,781 |  | $ | 16.89 | $ | 3,510 |
Granted | 50,637 |  |  | 17.52 |  | 887 |  | 76,175 |  |  | 17.93 |  | 1,366 |
Vested | (58,387 | ) |  | 14.10 |  | (823 | ) | (66,731 | ) |  | 20.02 |  | (1,336 | )
Forfeited | - |  |  | - |  | - |  | (145,050 | ) |  | 15.63 |  | (2,267 | )
Outstanding at December 31, 2009 | 45,750 |  |  | 17.70 |  | 810 |  | 72,175 |  |  | 17.64 |  | 1,273 |
Granted | 56,717 |  |  | 17.23 |  | 977 |  | 82,750 |  |  | 16.83 |  | 1,393 |
Vested | (8,284 | ) |  | 17.84 |  | (148 | ) | - |  |  | - |  | - |
Forfeited | (333 | ) |  | 18.12 |  | (6 | ) | (4,000 | ) |  | 17.10 |  | (68 | )
Outstanding at December 31, 2010 | 93,850 |  |  | 17.40 |  | 1,633 |  | 150,925 |  |  | 17.21 |  | 2,598 |
Granted | 51,360 |  |  | 19.42 |  | 997 |  | 88,900 |  |  | 19.32 |  | 1,718 |
Vested | (18,060 | ) |  | 17.20 |  | (311 | ) | (66,925 | ) |  | 17.68 |  | (1,183 | )
Forfeited | (1,000 | ) |  | 17.13 |  | (17 | ) | (87,900 | ) |  | 16.93 |  | (1,488 | )
Outstanding at December 31, 2011 | 126,150 |  | $ | 18.25 | $ | 2,302 |  | 85,000 |  | $ | 19.35 | $ | 1,645 |
The total intrinsic value of stock options exercised was $0.4 million in 2011, $0.2 million in 2010 and $14,000 in 2009. The grant-date fair value of stock option-based awards vested was $1.9 million in 2011 and $1.9 million in 2010 (none in 2009). As of December 31, 2011, there was unrecognized compensation cost of $1.2 million related to stock option-based awards and $0.9 million related to non-vested restricted stock and other stock-based awards. This cost is expected to be recognized over the remaining weighted average period of 0.6 years for stock option-based awards and 1.4 years for non-vested restricted stock and other stock-based awards. Stock options exercisable totaled 600,400 at December 31, 2011 and 443,375 shares at December 31, 2010. Stock options available for grant totaled 2,884,658 shares at December 31, 2011.

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