Stock Option Plans and Restricted Stock Awards (Tables)

12 Months Ended

Dec. 31, 2012

The fair value of each stock option granted in 2012, 2011, and 2010 was estimated on the date of grant using the following weighted-average assumptions:


	For the Year Ended December 31,
	2012			2011			2010
Dividend yield		2.9	%		3.8	%		4.1	%
Volatility		51.0	%		50.3	%		49.1	%
Risk-free interest rate		1.1	%		1.3	%		1.6	%
Expected life		6.8 years			7.0 years			7.4 years
Weighted average grant date fair value	$	4.44		$	3.07		$	2.76

Option Activity Under Company's Stock Option Plans

Option activity under the Company’s stock option plans as of and for the year ended December 31, 2012 was as follows:


	Number of Stock Options Outstanding (In thousands)			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)		Aggregate Intrinsic Value (In thousands)
Outstanding at January 1, 2012		2,865		$	10.41
Granted		248			11.71
Exercised		(292	)		8.74
Forfeited or expired		(217	)		11.26

Outstanding at December 31, 2012		2,604		$	10.66		4.75	$	2,296

Vested or expected to vest at December 31, 2012		2,470		$	10.72		4.60	$	2,120
Exercisable at December 31, 2012		1,861		$	11.09		3.58	$	1,369

Summary of Status of Company's Non-Vested Restricted Shares

A summary of the Company’s non-vested restricted shares as of December 31, 2012 and changes during the year ended December 31, 2012, is presented below:


	Shares (In thousands)			Weighted Average Fair Value
Nonvested at January 1, 2012		305		$	8.47
Granted		173			11.10
Vested		(94	)		8.54
Forfeited		(54	)		10.07

Nonvested at December 31, 2012		330		$	9.57