v2.4.0.8

Share Based Compensation (Tables)

6 Months Ended

Jun. 30, 2013

Share-based Compensation [Abstract]

Key assumptions used in determining the fair value of options granted

The key assumptions used in determining the fair value of options granted in the three and six months ended June 30, 2013 and a summary of the methodology applied to develop each assumption are as follows:

Assumptions:
Volatility	45.30 – 47.60		%
Risk-free interest rate	0.85 – 1.29		%
Weighted average expected lives in years	6.1 years
Forfeiture rate	1.60		%
Dividend yield rate	3.04 – 3.55		%

Schedule of all options granted, exercised, expired and forfeited under the Plan

he following schedule shows all options granted, exercised, expired and forfeited under the Plan for the three and six months ended June 30, 2013 and 2012:

For the Three Months Ended June 30, 2013		Number of Share Options			Weighted Average Exercise Price				Weighted Average Remaining Contractual Term
Outstanding, March 31, 2013		2,705,027			$	6.82			6.54 years
Granted		42,500			$	10.70			9.91 years
Exercised		(73,580	)		$	8.06			—
Forfeited		(372	)		$	7.67			—
Outstanding, June 30, 2013		2,673,575			$	6.85			6.39 years

For the Three Months Ended June 30, 2012		Number of Share Options			Weighted Average Exercise Price				Weighted Average Remaining Contractual Term
Outstanding, March 31, 2012		2,849,601			$	6.55			7.35 years
Granted		27,000			$	8.24			9.88 years
Exercised		(4,770	)		$	3.77			—
Forfeited		(1,250	)		$	7.21			—
Outstanding, June 30, 2012		2,870,581			$	6.62			7.13 years

For the Six Months Ended June 30, 2013		Number of Share Options			Weighted Average Exercise Price				Weighted Average Remaining Contractual Term
Outstanding, December 31, 2012		2,795,437			$	6.70			6.75 years
Granted		49,000			$	10.61			9.88 years
Exercised		(170,490	)		$	5.47			—
Forfeited		(372	)		$	7.67			—
Outstanding, June 30, 2013		2,673,575			$	6.85			6.39 years

For the Six Months Ended June 30, 2012		Number of Share Options			Weighted Average Exercise Price				Weighted Average Remaining Contractual Term
Outstanding, December 31, 2011		2,916,143			$	6.61			7.55 years
Granted		49,500			$	8.77			9.78 years
Exercised		(40,154	)		$	4.06			—
Expired		(51,033	)		$	9.86			—
Forfeited		(3,875	)		$	7.14			—
Outstanding, June 30, 2012		2,870,581			$	6.62			7.13 years

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (f)(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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