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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock option activity
The following table summarizes the stock option activity during the year ended December 31, 2012 for all grants under the Equity Compensation Plan:
 
Options
 
Weighted
Average
Exercise
Price
Outstanding at January 1, 2012
1,079,223
 
$10.54
Granted
 
Exercised
(243,493)
 
7.10
Forfeited
 
Cancelled
(7,500)
 
7.88
Outstanding at December 31, 2012
828,230
 
11.58
Vested and expected to vest
828,230
 
11.58
Exercisable at December 31, 2012
828,230
 
11.58
Assumptions used in determining the fair value of stock options
The following table provides the assumptions used in determining the fair value of the stock options for the year ended December 31, 2010:
 
2010
Dividend yield rate
Expected volatility
46.3%
Risk-free interest rates
0.2%
Expected life
0.3 years
Summary of stock options outstanding and exercisable by price range
A summary of stock options outstanding and exercisable by price range at December 31, 2012 is as follows (in thousands, except share and per share data):
 
 
Outstanding and Exercisable
 
 
Number of
Options
Outstanding
at December 31,
 
Weighted
Average
Remaining
Contractual
 
Weighted
Average
Exercise
 
Aggregate
Intrinsic
Exercise Price
 
2012
 
Life (Years)
 
Price
 
Value (A)
$5.91-9.04
 
221,115
 
2.05
 
$
8.15

 
$
3,863

9.05-13.92
 
411,945
 
2.49
 
11.11

 
5,976

13.93-18.34
 
195,170
 
1.65
 
16.46

 
1,789

5.91–18.34
 
828,230
 
2.17
 
11.58

 
$
11,628

SAR activity
The following table summarizes the SARs activity during the year ended December 31, 2012 for all grants under the Equity Compensation Plan:
 
SARs
 
Base
Price
Outstanding at January 1, 2012
24,000

 
$
34.78

Granted

 

Vested
(24,000
)
 
34.78

Forfeited

 

Cancelled

 

Outstanding at December 31, 2012

 

Assumptions used in determining the fair value of stock appreciation rights
The following table provides the assumptions used in determining the fair value of the SARs at December 31, 2011:
Dividend yield rate
Expected volatility
23.4%
Risk-free interest rates
0.02%
Expected life
0.02 years
Restricted stock and units activity
 The following table summarizes the stock activity related to restricted stock awards and units and fully vested share based payment awards:
 
Number of
Shares
 
Weighted-
Average
Grant-Date
Fair Value
Unvested, January 1, 2012
657,341

 
$
16.68

Granted
257,554

 
37.95

Vested
(290,566
)
 
19.78

Cancelled
(3,358
)
 
28.03

Unvested, December 31, 2012
620,971

 
24.00