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Stock Plans and Other Incentives (Tables)
6 Months Ended
Jun. 30, 2013
Stock Plans and Other Incentives [Abstract]  
Option activity and other plan data

The following table presents option activity and other plan data for the six months ended June 30, 2013 and 2012:

 

                                 
    For the Six Months Ended June 30,  
    2013     2012  
    Options     Weighted-
Average
Exercise
Price
    Options     Weighted-
Average
Exercise
Price
 
         

Outstanding at beginning of period

    645,448       $ 8.94         663,172       $ 8.82    

Granted

    —       $ —         —       $ —    

Exercised

    —       $ —         —       $ —    

Cancelled through cash settlement

    —       $ —         —       $ —    

Forfeited/cancelled/expired

    —       $ —         —       $ —    
   

 

 

           

 

 

         

Outstanding at end of period

    645,448       $ 8.94         663,172       $ 8.82    
   

 

 

           

 

 

         

Options exercisable at end of period

    645,448       $ 8.94         424,172       $ 9.29    
   

 

 

   

 

 

   

 

 

   

 

 

 

Options exercisable which can be settled in cash

    35,448       $ 4.67         53,172       $ 4.60    
   

 

 

   

 

 

   

 

 

   

 

 

 
Changes in RSUs

The following table presents the changes in RSUs outstanding for the six months ended June 30, 2013 and 2012:

 

                 
    For the Six Months Ended
June 30,
 
    2013     2012  
     

Outstanding at beginning of period

    469,848         590,662    

Granted

    97,844         159,083    

Common stock delivered (A)(B)

    (205,075)        (214,551)   

Forfeited

    (1,800)        —    
   

 

 

   

 

 

 

Outstanding at end of period

    360,817         535,194    
   

 

 

   

 

 

 
     

Intrinsic value (C)

  $ 6,672,000       $ 5,413,000    
   

 

 

   

 

 

 
                 
 

(A)   Includes 9,242 and 80,139 shares which were used to settle minimum employee withholding tax obligations for two and 16 employees of approximately $171,000 and $1,280,000 in the three and six months ended June 30, 2013, respectively. A net of 15,759 and 124,936 shares of common stock were delivered in the three and six months ended June 30, 2013, respectively.

         

(B)   Includes 9,016 and 83,165 shares which were used to settle minimum employee withholding tax obligations for two and 16 employees of approximately $87,000 and $838,000 in the three and six months ended June 30, 2012, respectively. A net 15,984 and 131,386 shares of common stock were delivered in the three and six months ended June 30, 2012, respectively.

         

(C)   For purposes of this calculation, the Company’s closing stock prices were $18.49 and $9.61 per share on June 30, 2013 and 2012, respectively.