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Stock Compensation (Tables)
6 Months Ended
Jun. 30, 2012
Summary of Company's Stock Option Activity and Related Information

A summary of the Company’s stock option activity and related information for the six months ended June 30, 2012 is as follows:

 

     Options     Weighted-
average
exercise price
     Weighted-
average
remaining
contractual
life (years)
     Aggregate
intrinsic
value
 

Options outstanding, January 1, 2012

     2,475,750      $ 12.62         

Grants

     304,000        11.64         

Exercises

     (120,000     6.08         

Cancellations

     (4,750     15.20         
  

 

 

         

Options outstanding, June 30, 2012

     2,655,000        12.80         6.59       $ 7,231,883   
  

 

 

         

 

 

 

Options exercisable, June 30, 2012

     1,612,875        14.07         5.36       $ 5,184,715