STOCK PLANS (Tables)

12 Months Ended

Dec. 31, 2012

			Weighted Average Fair Value			Weighted Average Fair Value

Outstanding at December 31, 2011	1,386,552		$	18.69	—	$	—
Granted	315,030			15.98	110,000		14.04
Forefeited	(10,166	)		18.91	—		—
Vested	(625,427	)		18.89	—		—

Outstanding at December 31, 2012	1,065,989		$	17.77	110,000	$	14.04

Schedule of assumptions used in the Black Scholes option pricing model


Expected volatility		51	%
Expected dividend yield		2.50	%
Expected term (in years)		6
Risk-free interest rate		1.36	%
Exercise price	$	15.98

Schedule of stock options activity

			Weighted Average Exercise Price			Aggregate Intrinsic Value

Outstanding at December 31, 2009	3,407,761		$	13.75		$	—
Exercised	(790,596	)		12.20			905,051
Forfeited	(112,064	)		14.20			35,192

Outstanding at December 31, 2010	2,505,101		$	14.22	4.47	$	7,742,565

Exercisable at December 31, 2010	1,683,101		$	15.67	3.72	$	2,961,443

Outstanding at December 31, 2010	2,505,101		$	14.22		$	7,742,565
Exercised	(878,658	)		14.97			4,731,919
Forfeited	(86,250	)		13.54			565,800

Outstanding at December 31, 2011	1,540,193		$	13.83	4.35	$	3,631,381

Exercisable at December 31, 2011	1,062,193		$	15.28	4.06	$	1,597,081

Outstanding at December 31, 2011	1,540,193		$	13.83		$	3,631,381
Granted	20,000			15.98			—
Exercised	(93,839	)		11.09			426,278
Expired	(37,070	)		16.34			37,070
Forfeited	(65,000	)		16.76			76,425

Outstanding at December 31, 2012	1,364,284		$	13.84	3.53	$	3,686,098

Exercisable at December 31, 2012	1,120,284		$	14.46	3.34	$	2,608,058

Schedule of stock options outstanding and exercisable by exercise price

The following table summarizes information regarding stock options outstanding and exercisable at December 31, 2012:

	Options Outstanding						Options Exercisable

Ranges of Exercise Prices	Number of Options		Weighted Average Remaining Contractual Life (years)		Weighted Average Exercise Price		Number of Options		Weighted Average Exercise Price
$10.24 - $15.00		1,014,784		3.48	$	11.73		790,784	$	12.06
$15.01 - $18.77		194,500		3.31		17.81		174,500		18.02
$18.78 - $23.47		155,000		4.11		22.68		155,000		22.68

$10.24 - $23.47		1,364,284		3.53	$	13.84		1,120,284	$	14.46

Schedule of non-vested options

			Weighted Average Grant-Date Fair Value

Nonvested at December 31, 2011	478,000		$	4.26
Granted	20,000			6.26
Vested	(234,000	)		4.24
Forfeited	(20,000	)		4.32

Nonvested at December 31, 2012	244,000		$	4.43

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References+ Details