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Stock Options And Employee Stock Purchase Plan (Tables)
3 Months Ended
Mar. 31, 2013
Stock Options Activity
The following table represents stock option activity for the three months ended March 31, 2013:
 
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
 
Weighted-Average
Remaining
Contractual
Term (in years)
 
Aggregate
Intrinsic
Value
Outstanding at January 1, 2013
1,765,461

 
$
22.08

 
 
 
 
Granted

 

 
 
 
 
Exercised
(95,600
)
 
21.18

 
 
 
 
Canceled
(12,000
)
 
25.09

 
 
 
 
Outstanding at March 31, 2013
1,657,861

 
22.11

 
4.8
 
$
28,342,082

Exercisable at March 31, 2013
1,171,505

 
21.58

 
3.9
 
$
20,651,647

Vested and expected to vest at March 31, 2013
1,580,207

 
$
21.98

 
4.7
 
$
27,221,158


Assumptions To Estimate Fair Value Of Stock Options
The weighted-average fair values of stock options granted have been estimated utilizing the following assumptions, no stock options were granted during the three month period ended March 31, 2013:
 
Three Months Ended March 31,
 
2012
Risk-free interest rate
1.27%
Expected term (in years)
5.8
Dividend yield
2.84%
Expected volatility
42%
Weighted-average volatility
42%
Allocation Of Share-Based Compensation Expense
The following table represents share-based compensation expense included in cost of revenues and operating expenses in the accompanying condensed consolidated statements of operations for the three months ended March 31, 2013 and 2012 (in thousands):

 
Three Months Ended March 31,
 
2013
 
2012
Cost of revenues
$
214

 
$
242

Operating expenses:
 

 
 

Sales and marketing
418

 
375

Research, development and engineering
106

 
116

General and administrative
1,610

 
1,560

Total
$
2,348

 
$
2,293


Restricted Stock [Member]
 
Restricted Stock And Restricted Stock Unit Award Activity
Restricted stock award activity for the three months ended March 31, 2013 is set forth below:
 
 
Shares
 
Weighted-Average
Grant-Date
Fair Value
Nonvested at January 1, 2013
828,475

 
$
23.08

Granted

 

Vested
(153,325
)
 
17.75

Canceled
(12,000
)
 
25.09

Nonvested at March 31, 2013
663,150

 
$
24.28

Restricted Stock Units (RSUs) [Member]
 
Restricted Stock And Restricted Stock Unit Award Activity
Restricted stock unit award activity for the three months ended March 31, 2013 is set forth below:

 
Number of
Shares
 
Weighted-Average
Remaining
Contractual
Term (in years)
 
Aggregate
Intrinsic
Value
Outstanding at January 1, 2013
115,466

 
 
 
 
Granted

 
 
 
 
Vested
(4,050
)
 
 
 
 
Canceled

 
 
 
 
Outstanding at March 31, 2013
111,416

 
2.5
 
$
4,368,621

Vested and expected to vest at March 31, 2013
75,627

 
2.2
 
$
2,965,350