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Stock Option Plans And Warrants (Tables)
12 Months Ended
Dec. 31, 2011
Stock Option And Restricted Stock Units Activity

Total Options

   Number of
Options
    Weighted-
Average

Exercise  Price
 

Outstanding at January 1, 2009

     1,350,252      $ 28.65   

Granted

     200,625      $ 19.94   

Exercised

     (59,827   $ 14.27   

Forfeited

     (9,500   $ 60.92   
  

 

 

   

 

 

 

Outstanding at December 31, 2009

     1,481,550      $ 27.85   

Exercisable at December 31, 2009

     1,051,550      $ 23.18   

Outstanding at January 1, 2010

     1,481,550      $ 27.85   

Granted

     82,000      $ 28.70   

Exercised

     (194,650   $ 18.83   

Forfeited

     (28,500   $ 38.60   

Expired

     (40,000   $ 26.25   
  

 

 

   

 

 

 

 

Total Options

   Number of
Options
    Weighted-
Average

Exercise  Price
 

Outstanding at December 31, 2010

     1,300,400      $ 29.06   

Exercisable at December 31, 2010

     970,450      $ 30.78   

Outstanding at January 1, 2011

     1,300,400      $ 29.06   

Granted

     161,250      $ 17.14   

Exercised

     (18,125   $ 3.93   

Forfeited

     (27,833   $ 28.80   

Expired

     (93,325   $ 26.85   
  

 

 

   

 

 

 

Outstanding at December 31, 2011

     1,322,367      $ 27.81   

Exercisable at December 31, 2011

     1,044,125      $ 29.27   

 

 

Nonvested restricted stock units

   Number of
Restricted
Stock Units
    Weighted-
Average

Grant
Date Fair
Value
 

Nonvested at January 1, 2009

     68,555      $ 51.42   

Granted

     25,009      $ 24.89   

Vested

     (2,740   $ 34.51   

Forfeited

     (11,750   $ 45.00   
  

 

 

   

 

 

 

Nonvested at December 31, 2009

     79,074      $ 44.63   

Nonvested at January 1, 2010

     79,074      $ 44.63   

Granted

     49,752      $ 27.34   

Vested

     (22,100   $ 34.66   

Forfeited

     (27,576   $ 46.81   
  

 

 

   

 

 

 

Nonvested at December 31, 2010

     79,150      $ 35.82   

Nonvested at January 1, 2011

     79,150      $ 35.82   

Granted

     125,678      $ 9.82   

Vested

     (31,267   $ 43.20   

Forfeited

     (10,604   $ 16.61   
  

 

 

   

 

 

 

Nonvested at December 31, 2011

     162,957      $ 15.15   

 

Nonvested restricted stock

   Number of
Restricted
Stock
    Weighted-
Average Grant
Date Fair
Value
 

Nonvested at January 1, 2010

     0      $ 0.00   

Granted

     46,001      $ 29.84   

Vested

     0      $ 0.00   

Forfeited

     0      $ 0.00   
  

 

 

   

 

 

 

Nonvested at December 31, 2010

     46,001      $ 29.84   

Nonvested at January 1, 2011

     46,001      $ 29.84   

Granted

     47,618      $ 21.01   

Vested

     (1,000   $ 35.01   

Forfeited

     (7,501   $ 29.73   
  

 

 

   

 

 

 

Nonvested at December 31, 2011

     85,118      $ 24.85   
Schedule Of Weighted-Average Assumptions
     2011     2010  

Fair Value

   $ 7.60      $ 12.57   

Dividend Yield

     0     0

Expected Volatility

     66.1     68.2

Weighted Average Volatility

     66.1     68.2

Risk Free Interest Rate

     3     3% - 5%   

Expected Life of Options from Grant

     3.2        3.2