XML 70 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation
 12 Months Ended
Dec. 31, 2012
Stock-Based Compensation  
Stock-Based Compensation
(12) 
Stock-Based Compensation
 On December 27, 2011, the Company's stockholders approved the 2011 Equity Incentive Plan ("2011 Plan").  A total of 2,147,407 shares of common stock are available to be issued under the 2011 Plan.  Options, restricted stock, performance share awards and bonus share awards in lieu of obligations may be issued under the 2011 Plan.  Both incentive stock options and nonqualified stock options can be granted under the 2011 Plan.  The exercise price of the stock options can not be less than the fair market value of the common stock on the date of grant.  Options must be exercised within ten years of the date of grant. The Company's prior plan was terminated on February 27, 2011.  As of December 31, 2012,  52,593 shares have been granted under the 2011 Plan as compensation to directors for services rendered.  Fair value of the shares as of the dates of the grants totaled approximately $28,000 and has been reflected as expense in the accompanying consolidated statements of operations.

A summary of the activity in the prior plan is as follows (dollars in thousands, except share amounts):
 
   
Number of
Options
    
Weighted
Average
Exercise
Price
    
Weighted
Average
Remaining Contractual
Term
    
Aggregate
Intrinsic 
Value
  
                         
Outstanding at December 31, 2010
     69,132     $ 30.05                  
Expired
     (18,232 )     18.16                  
Outstanding at December 31, 2011
     50,900       34.31                  
Expired
     (7,595 )     35.64                  
Forfeited
     (15,949 )     24.48                  
Outstanding and exercisable at
                                
December 31, 2012
     27,356     $ 36.27     2.6  years     $ 0