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Capital Stock (Tables)
6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
Fair Value of each Option Grant
 

Three Months Ended

June 30,

 

Six Months Ended

June 30,

  2011   2012   2011   2012
                       
Risk-free interest rate   1.00%   0.35%    1.00%   0.37% 
Expected lives   2.9 years    2.8 years   2.9 years    2.8 years
Expected volatility   82%    65%   82%    65%
Expected dividend yield   0%    3.23%   0%    3.25%
                           
Summary of Company Stock Option Plans
 

Year Ended

December 31, 2011

Six Months Ended

June 30, 2012

 

 

 

 

 

Options

 

Weighted

Average

Exercise

Price

 

 

 

 

 

Options

 

Weighted

Average

Exercise

Price

Outstanding at beginning of period   1,341,876   $ 11.003     1,448,675    $ 10.425   
  Granted at market   187,750   $ 6.962     35,250    $ 12.327   
  Cancelled   (73,871 ) $ 12.684     (113,830  $ 11.382   
  Exercised   (7,080 ) $ 4.564      (171,062 ) $ 5.821   
Outstanding at end of period   1,448,675   $ 10.425      1,199,033   $ 11.047   
Exercisable at end of period   1,175,731   $ 11.427      974,025   $ 12.146   
Stock Options Outstanding and Exercisable
  Options Outstanding Options Exercisable  
Exercise Prices Number of
Options
Outstanding
at
June 30,
2012
Weighted
Average
Remaining
Contractual
Life in Years
Weighted
Average
Exercise
Price
Number of
Options
Exercisable
at
June 30,
2012
Weighted
Average
Exercise
Price
 
$  2.70 - $  6.66   244,805      7.15    $ 4.796      160,076    $ 4.806   
$  6.76 - $  8.60   254,795      6.84    $ 7.192      125,420    $ 7.482   
$  8.80 - $12.40   229,963      3.84    $ 9.719      219,059    $ 9.672   
$12.41 - $16.50   239,898      3.35    $ 14.051      239,898    $ 14.051   
$16.51 - $31.50   229,572      3.46    $ 20.182      229,572    $ 20.182   
$  2.70 - $31.50   1,199,033      4.98    $ 11.047      974,025    $ 12.146