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Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Status of Stock Option Plans

A summary of the status of the Corporation’s stock option plans as of June 30, 2013 and December 31, 2012, and changes during the periods ending on those dates is presented below:

 

    

Six Months ended

June 30, 2013

    

Year ended

December 31, 2012

 
     Shares     Weighted-
average
exercise
price
     Shares     Weighted-
average
exercise
price
 

Outstanding at beginning of period

     581,888      $ 4.62         587,342      $ 4.68   

Granted

     0        0         0        0   

Exercised

     0        0         0        0   

Forfeited

     (587     2.40         (5,454     10.63   

Expired

     (16,518     16.13         0        0   
  

 

 

   

 

 

    

 

 

   

 

 

 

Outstanding at end of period

     564,783      $ 4.29         581,888      $ 4.62   
  

 

 

   

 

 

    

 

 

   

 

 

 

Options exercisable at period end

     456,473      $ 4.76         395,233      $ 5.70   
  

 

 

   

 

 

    

 

 

   

 

 

 

Weighted-average fair value of options granted during the period

     $ N/A         $ N/A   
    

 

 

      

 

 

 
Summary of Options Outstanding

The following information applies to options outstanding at June 30, 2013:

 

     Options Outstanding      Options Exercisable  

Range of Exercise

Prices

   Number
Outstanding
     Weighted-
Average

Remaining
Contractual

Life
(Years)
     Aggregate
Intrinsic
Value
     Weighted-
Average

Exercise
Price
     Number
Exercisable
     Aggregate
Intrinsic
Value
     Weighted-
Average

Exercise
Price
 

$1.90 – $2.51

     470,100         6.8          $ 2.39         361,790          $ 2.41   

$8.92

     18,877         4.6            8.92         18,877            8.92   

$11.36 – $12.35

     43,473         2.8            13.69         43,473            13.69   

$16.51 – $17.17

     32,333         1.4            16.60         32,333            16.60   
  

 

 

    

 

 

       

 

 

    

 

 

       

 

 

 
     564,783         6.1       $ 420,582       $ 4.29         456,473       $ 315,295       $ 4.76   

 

(1) 

The intrinsic value is based on the difference of Camco’s stock price on the grant date and the stock price at June 30, 2013.

Summary of Unvested Options and Changes During the Year

A summary of unvested options as of, and changes during the period ended, June 30, 2013, were as follows:

 

     Number     Intrinsic Value  

Unvested options:

    

Beginning of period

     186,655      $ 193,447   

Granted

     0     

Forfeited

     (271  

Vested during the period

     (78,074  
  

 

 

   

Unvested options at June 30, 2013

     108,310      $ 105,286   
  

 

 

   

 

 

 
Summary of Restricted Stock Award Activity

A summary of restricted stock award activity for the period is presented below:

 

     Non-vested
Number of
Shares
    Weighted
Average
Grant
Date Fair
Value
 

Non-vested balance at December 31, 2012

     219,989      $ 2.39   

Granted

     171,819      $ 3.47   

Vested

     (123,134   $ 2.91   

Forfeited

     (570   $ 2.94   
  

 

 

   

 

 

 

Non-vested balance at June 30, 2013

     268,104      $ 2.84