Stock Options and Restricted Shares (Tables)

12 Months Ended

Dec. 31, 2012

Stock Options and Restricted Shares [Abstract]

Option activity

Option activity is summarized as follows:

	Shares Available for Grant (exclusive of restricted			Plan Options			Exercise		Weighted Average Exercise		Aggregate Intrinsic
	shares issued)			Outstanding			Price		Price		Value
Balance at December 31, 2009		3,424,000			1,030,000		$	0.78–$10.89	$	6.06
Shares reserved		500,000			–			–		–
Granted		(60,000	)		60,000			9.61– 10.98		9.84
Exercised		–			(239,000	)		0.84– 9.58		4.79
Forfeited		–			–			–		–
Expired		14,000			(14,000	)		9.46– 10.28		9.95
Balance at December 31, 2010		3,878,000			837,000		$	0.78–$10.98	$	6.62
Shares reserved		500,000			–			–		–
Granted		(70,000	)		70,000			11.72		11.72
Exercised		–			(87,000	)		0.84– 9.46		4.00
Forfeited		–			–			–		–
Expired		19,000			(19,000	)		0.84– 9.46		5.45
Balance at December 31, 2011		4,327,000			801,000		$	0.78–$11.72	$	7.38
Shares reserved		(1,900,000)			–			–		–
Granted		(500,000	)		500,000			11.03– 15.03		12.89
Exercised		–			(158,000	)		0.84– 10.28		3.10
Forfeited		–			–			–		–
Expired		–			–			–		–
Balance at December 31, 2012		1,927,000			1,143,000		$	0.78–$15.03	$	10.38	$6,197,000
Exercisable at December 31, 2012					661,000				$	8.51	$4,817,000

Stock options outstanding

The following table summarizes information about stock options outstanding at December 31, 2012:

		Options Outstanding						Options Exercisable
Range of Exercise Prices		Outstanding as of December 31, 2012		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Exercisable as of December 31, 2012		Weighted Average Exercise Price
$	0.78–$ 6.39		123,000		3.8	$	4.50		123,000	$	4.50
	6.40– 7.88		131,000		1.8		7.12		131,000		7.12
	7.89– 9.41		53,000		4.2		9.38		53,000		9.46
	9.42– 9.46		119,000		2.1		9.46		119,000		7.14
	9.47– 10.89		137,000		3.9		10.08		137,000		10.08
	10.90– 11.63		150,000		9.1		11.23		39,000		11.46
	11.64– 12.03		160,000		8.7		11.89		59,000		11.72
	12.04– 15.03		270,000		9.1		14.03		–		–
			1,143,000		6.1	$	10.38		661,000	$	8.51

Restricted share activity

Restricted share activity is summarized as follows:

	Shares			Weighted Average Grant Date Fair
	Outstanding			Value
Balance at December 31, 2009		445,000		$	8.07
Granted		260,000			8.45
Vested		(133,000	)		7.00
Forfeited		(109,000	)		8.50
Expired		–			–
Balance at December 31, 2010		463,000		$	8.49
Granted		274,000			10.77
Vested		(132,000	)		8.72
Forfeited		(38,000	)		10.05
Expired		–			–
Balance at December 31, 2011		567,000		$	9.43
Granted		245,000			11.10
Vested		(167,000	)		8.12
Forfeited		(32,000	)		10.67
Expired		–			–
Balance at December 31, 2012		613,000		$	10.39