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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Stock-Based Compensation [Abstract]  
Summary of stock option grants
                                 
   

Grantee Type

  # of
Options
Granted
   

Vesting

Period

  Weighted
Average
Exercise Price
    Weighted
Average Grant
Date Fair
Value
 
           
2012                                
   

Director group

    56,261     1 year or less   $ 7.55     $ 3.89  
   

Director

    8,546     3 years     7.72       4.25  
   

Employee group

    597,250     3 years     7.54       4.12  
   

Employee inducement

    45,000     3 years (1)     8.54       4.58  
           
2011                                
   

Director group

    65,801     1 year or less   $ 7.23     $ 4.06  
   

Director group

    16,237     3 years     6.32       3.98  
   

Employee group

    140,000     2 years     6.09       3.72  
   

Employee group

    475,064     3 years     7.38       4.33  
   

Employee inducement

    200,000     3-4 years (2)     5.37       3.13  
           
2010                                
   

Director group

    51,276     1 year or less   $ 4.20     $ 2.53  
   

Director

    8,546     3 years     5.39       4.00  
   

Employee group

    649,010     3 years     4.14       2.68  

 

(1)

The Company granted non-qualified stock options outside its existing stock-based compensation plans in the third quarter of 2012 to one employee in connection with the employee joining the company.

Summary of nonvested stock awards granted
                         
   

Grantee Type

  # of
Shares
Granted
   

Vesting

Period

  Weighted
Average Grant
Date Fair
Value
 
         
2012                        
   

Director group

    56,261     1 year or less   $ 7.55  
   

Director

    8,546     3 years     7.72  
   

Employee group

    426,286     3 years     7.55  
   

Employee inducement

    45,000     3 years (1)     8.54  
         
2011                        
   

Director group

    65,801     1 year or less   $ 7.23  
   

Director group

    17,237     3 years     6.34  
   

Employee group

    60,000     2 years     6.09  
   

Employee group

    455,064     3 years     7.41  
   

Employee inducement

    120,000     3-4 years (2)     5.66  
         
2010                        
   

Director group

    51,276     1 year or less   $ 4.20  
   

Director

    8,546     3 years     5.39  
   

Employee group

    600,010     3 years     4.02  

 

(1)

The Company granted nonvested stock awards (restricted stock) outside its existing stock-based compensation plans in the third quarter of 2012 to one employee in connection with the employee joining the company.

The Company granted performance-based nonvested stock awards (restricted stock) outside its existing stock-based compensation plans in the fourth quarter of 2011 to two employees in connection with their joining the company. These restricted stock awards were forfeited in 2012.

Summary of option activity
                             

Options

  Shares     Weighted-
Average
Exercise
Price
(Per Share)
    Weighted-
Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value

($ 000’s)
 

Outstanding at January 1, 2012

    2,860,890     $ 6.61              

Granted

    707,057       7.60              

Exercised

    (141,849     3.93         $ 467  

Forfeited

    (411,938     6.66              

Expired

    (30,000     31.60              
   

 

 

                     

Outstanding at December 31, 2012

    2,984,160     $ 6.70     3.33 years   $ 3,147  
   

 

 

   

 

 

   

 

 

 

 

 

Exercisable at December 31, 2012

    1,691,200     $ 6.78     1.53 years   $ 2,347  
   

 

 

   

 

 

   

 

 

 

 

 
Summary of nonvested stock awards (restricted stock and restricted stock units) activity
                 

Nonvested Stock

  Shares     Weighted
Average Grant
Date Fair Value

(Per Share)
 

Nonvested at January 1, 2012

    1,418,494     $ 5.37  

Granted

    536,093       7.64  

Vested

    (685,740     5.16  

Forfeited

    (200,839     5.93  
   

 

 

   

 

 

 

Nonvested at December 31, 2012

    1,068,008     $ 6.54