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Stock Compensation (Tables)
9 Months Ended
Sep. 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 nine months ended September 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

     (159,823     5.61         

Cancellations

     (20,250     13.05         
  

 

 

         

Options outstanding, September 30, 2012

     2,599,677        12.93         6.32       $ 6,087,520   
  

 

 

         

 

 

 

Options exercisable, September 30, 2012

     1,586,802        14.38         5.07       $ 4,467,268