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Stock Based Compensation Expense (Tables)
9 Months Ended
Sep. 30, 2012
Stock Based Compensation Expense [Abstract]  
Summary of Option activity

Option activity within each plan is as follows:

 

                         
    Incentive
Stock Option
Plans
    Weighted Average
Price Per Share
    Exercisable
Weighted
Average
Price
Per Share
 

Balance outstanding, December 31, 2011

    1,388,514     $ 7.44     $ 7.26  

Options granted

    —         —            

Options exercised, range from $7.50-$14.74

    (35,340     13.37          

Options expired or forfeited

    —         —            
   

 

 

   

 

 

   

 

 

 

Balance outstanding, March 31, 2012

    1,353,174     $ 7.28     $ 6.95  

Options granted

    —         —            

Options exercised, range from $7.50-$14.74

    (64,712     13.77          

Options expired or forfeited

    (14,000     7.50          
   

 

 

   

 

 

   

 

 

 

Balance outstanding, June 30, 2012

    1,274,462     $ 6.94     $ 6.27  

Options granted

    —         —            

Options exercised, range from $14.74-$14.99

    (109,681     14.75          

Options expired or forfeited

    —         —            
   

 

 

   

 

 

   

 

 

 

Balance outstanding, September 30, 2012

    1,164,781     $ 6.20     $ 4.60  
   

 

 

   

 

 

   

 

 

 
Summary of stock options summarized by exercise price

Information relating to stock options at September 30, 2012 summarized by exercise price is as follows:

 

                                         
    Outstanding Weighted Average     Exercisable Weighted
Average
 

Exercise Price Per Share

  Shares     Remaining
Life
(Months)
    Exercise
Price
    Shares     Exercise
Price
 

Incentive Stock Option Plan:

                                       

$3.67

    450,000       3     $ 3.67       450,000     $ 3.67  

$7.50

    678,666       98     $ 7.50       69,667     $ 7.50  

$11.32—$14.75

    36,115       70     $ 13.38       22,781     $ 14.02  
   

 

 

           

 

 

   

 

 

   

 

 

 
      1,164,781             $ 6.20       542,448     $ 4.60  
   

 

 

           

 

 

   

 

 

   

 

 

 
Weighted average exercise prices for options granted and exercisable and the weighted average remaining contractual life for options outstanding

The weighted average exercise prices for options granted and exercisable and the weighted average remaining contractual life for options outstanding as of September 30, 2012 was as follows:

 

                                 
    Number
of
Shares
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Life
(Months)
    Intrinsic
Value
(thousands)
 

As of September 30, 2012:

                               

Incentive Stock Option Plans:

                               

Outstanding

    1,164,781     $ 6.20       61     $ 33,308  

Expected to Vest

    1,155,407     $ 6.19       60     $ 33,054  

Exercisable

    542,448     $ 4.60       17     $ 16,382  
Summery of non-vested shares

Restricted SharesA status summary of non-vested shares as of and for the nine months ended September 30, 2012 is presented below:

 

                 
    Number of
Shares
    Weighted
Average
Grant-Date
Fair Value
 

Nonvested shares at December 31, 2011

    101,640     $ 11.37  

Granted

    207,184     $ 20.45  

Vested

    (82,640   $ 11.73  

Forfeited

    —         —    
   

 

 

   

 

 

 

Nonvested shares at March 31, 2012

    226,184     $ 19.55  

Granted

    12,204       24.58  

Vested

    (12,204     24.58  

Forfeited

    (1,367   $ 20.47  
   

 

 

   

 

 

 

Nonvested shares at June 30, 2012

    224,817     $ 19.55  

Granted

    28,148       27.55  

Vested

    (5,148     27.79  

Forfeited

    —       $ —    
   

 

 

   

 

 

 

Nonvested shares at September 30, 2012

    247,817     $ 20.29