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Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2013
Stock-Based Compensation Impact on Company's Operations

The impact on the Company’s results of operations of recording stock-based compensation (including impact of restricted stock) for the years ended December 31, 2013, 2012 and 2011 was as follows (in thousands):

 

Year Ended December 31

   2013      2012      2011  

Cost of revenues

   $ 1,443       $ 1,167       $ 742   

Selling, general and administrative expenses

     3,289         2,558         1,942   
  

 

 

    

 

 

    

 

 

 
   $ 4,732       $ 3,725       $ 2,684   
  

 

 

    

 

 

    

 

 

 
Assumptions Used in Black-Scholes Model to Value Options Granted

The Company calculates the fair value of each option award on the date of grant using the Black-Scholes option pricing model. The following weighted-average assumptions were used for each respective period:

 

     Year Ended December 31,  
     2013     2012     2011  

Assumptions:

      

Risk free interest rate

     1.63     0.81     0.85

Expected life

     5 years        5 years        5 years   

Expected volatility

     49.75     55.41     58.26

Expected dividend yield

     0     4.64     0.51
Schedule Of Share-Based Payment Award Activity

The following table summarizes activity under our equity incentive plans for the years ended December 31, 2013, 2012 and 2011:

 

     Number Of
Options
     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term (In
years)
     Aggregate
Intrinsic
Value

(In
thousands)
 

Outstanding at January 1, 2013

     —         $ —           

Granted

     —           —           

Exercised

     —           —           

Adjustment

     —           —           

Forfeited

     —           —           

Expired/Cancelled

     —           —           

Outstanding at December 31, 2013

     0       $ 0.00         0.00       $ 0   
  

 

 

    

 

 

    

 

 

    

 

 

 

Options Exercisable at December 31, 2013

     0       $ 0.00         0.00       $ 0   
  

 

 

    

 

 

    

 

 

    

 

 

 
     Number Of
Options
     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term (In
years)
     Aggregate
Intrinsic
Value

(In
thousands)
 

Outstanding at January 1, 2012

     —         $ —           

Granted

     —           —           

Exercised

     —           —           

Adjustment

     —           —           

Forfeited

     —           —           

Expired/Cancelled

     —           —           

Outstanding at December 31, 2012

     0       $ 0.00         0.00       $ 0   
  

 

 

    

 

 

    

 

 

    

 

 

 

Options Exercisable at December 31, 2012

     0       $ 0         0.00       $ 0   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

     Number Of
Options
    Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term (In
years)
     Aggregate
Intrinsic
Value

(In
thousands)
 

Outstanding at January 1, 2011

     5,473      $ 5.01         

Granted

     —          —           

Exercised

     (325     5.00         

Adjustment

     —          —           

Forfeited

     —          —           

Expired/Cancelled

     (5,148     5.01         

Outstanding at December 31, 2011

     0      $ 0.00         0.00       $ 0   
  

 

 

   

 

 

    

 

 

    

 

 

 

Options Exercisable at December 31, 2011

     0      $ 0         0.00       $ 0