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Stock Compensation (Tables)
6 Months Ended
Jun. 30, 2013
Summary of 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, 2013 is as follows:

 

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

Options outstanding, January 1, 2013

     2,528,177      $ 13.06        

Grants

     390,800        12.26        

Exercises

     (165,677     4.08        

Cancellations

     (45,000     19.37        

Expirations

     (231,500     22.46        
  

 

 

         

Options outstanding, June 30, 2013

     2,476,800        12.54        6.71       $ 7,203,758   
  

 

 

         

 

 

 

Options exercisable, June 30, 2013

     1,566,750        12.84        5.83       $ 5,793,539