STOCK OPTION AND STOCK AWARD PLANS

We have one equity incentive 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 equity incentive plan under which there are options that remain outstanding, but no future grants can be made. Prior to 2012, employee options ordinarily vest two years from the date of grant. Employee options granted in 2012 and thereafter ordinarily vest over a four year period, with a quarter of the options granted vesting on each year on the grant date anniversary. 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, 2013, 2012 and 2011, and changes during those years, is presented below:



			Option Exercise Price/Share
	Number of Options		Range					Weighted Average
Outstanding at January 1, 2011	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
Granted	182,100		18.51		to	19.40		19.34
Forfeited and Expired	(50,300	)	15.80		to	19.84		19.34
Exercised	(176,600	)	14.72		to	18.12		16.33
Outstanding at December 31, 2012	1,076,700		14.06		to	19.84		17.81
Granted	184,700		24.84		to	30.01		24.97
Forfeited and Expired	(34,000	)	15.11		to	24.84		21.10
Exercised	(180,600	)	14.27		to	19.84		17.32
Outstanding at December 31, 2013	1,046,800		$	14.06	to	$	30.01	$	19.06

The following table summarizes additional information about stock options outstanding and exercisable at December 31, 2013:



					Options Outstanding at December 31, 2013						Options Exercisable at December 31, 2013
						Weighted Average			Aggregate Intrinsic Value (In Thousands)					Aggregate Intrinsic Value (In Thousands)
Range of Exercise Prices					Shares	Remaining Contractual Life (Years)	Exercise Price		Aggregate Intrinsic Value (In Thousands)		Shares	Weighted Average Exercise Price		Aggregate Intrinsic Value (In Thousands)
$	—	to	$	15.00	26,000	1.9	$	14.06	$	384	26,000	$	14.06	$	384
15.01		to	17.50		346,300	2.2	16.56		4,243		346,300	16.56		4,243
17.51		to	20.00		503,200	4.3	19.02		4,928		397,525	18.93		3,926
20.01		to	25.00		166,800	9.1	24.84		662		—	—		—
25.01		to	30.01		4,500	9.6	30.01		—		—	—		—
Total					1,046,800	4.3	$	19.06	$	10,217	769,825	$	17.70	$	8,553

The following table summarizes additional information about non-vested restricted stock outstanding at December 31, 2013:



	Non-vested Restricted Stock							Maximum Non-vested Restricted Stock Units Issuable Upon Satisfaction of Certain Performance Criteria
	Number of Shares		Weighted Avg. Grant Date Fair Value/Share		Grant Date Fair Value (In Thousands)			Number of Shares		Weighted Avg. Grant Date Fair Value/Share		Grant Date Fair Value (In Thousands)
Outstanding at January 1, 2011	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
Granted	94,949		19.06		1,810			87,200		18.79		1,638
Vested	(60,357	)	18.01		(1,087		)	—		—		—
Forfeited	(16,842	)	18.82		(317		)	(80,400	)	19.31		(1,553		)
Outstanding at December 31, 2012	143,900		18.82		2,708			91,800		18.85		1,730
Granted	93,425		25.45		2,378			77,200		27.82		2,148
Vested	(58,175	)	20.15		(1,172		)	—		—		—
Forfeited	(21,300	)	20.70		(441		)	(36,700	)	19.83		(728		)
Outstanding at December 31, 2013	157,850		$	22.00	$	3,473		132,300		$	23.81	$	3,150

The total intrinsic value of stock options exercised was $1.3 million in 2013, $0.5 million in 2012 and $0.4 million in 2011. The grant-date fair value of stock option-based awards vested was $1.7 million in 2013, $2.1 million in 2012 and $1.9 million in 2011. As of December 31, 2013, there was unrecognized compensation cost of $1.2 million related to stock option-based awards and $1.8 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 1.5 years for stock option-based awards and 1.5 years for non-vested restricted stock and other stock-based awards.

Stock options exercisable totaled 769,825 at December 31, 2013 and 714,800 shares at December 31, 2012. Stock options available for grant totaled 2,361,926 shares at December 31, 2013.