Stock Compensation (Tables)

3 Months Ended

Mar. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Fair Value of stock options granted assumptions used

The expected volatility is derived from historical volatility of the Company’s shares and those of similar companies measured against the market as a whole.

Model
Risk free interest rate	1.86		%
Expected dividend yield	2.40		%
Expected life of award (years)	7.00
Expected volatility	50.00		%
Fair value per option share	$	5.39

Summary of stock option activity for the period

The following table provides a summary of stock option activity for the period ended March 31, 2013:

	Shares		Average Exercise Price		Weighted Average Life
Outstanding at January 1, 2013	1,919,021		$	11.63
Options granted	323,400		14.77
Options exercised	(155,178	)	10.82
Cancelled or forfeited	(127,320	)	13.91
Outstanding at March 31, 2013	1,959,923		$	12.07	6.63 years
Exercisable at March 31, 2013	1,428,395		$	11.55	5.65 years

Summary of restricted stock activity for the period

The following table provides a summary of RSU and restricted stock activity for the three months ended March 31, 2013:

	Awards		Average Grant-Date Fair Value
Unvested at January 1, 2013	363,125
Granted	169,100		$	14.77
Released	(110,800	)	9.97
Cancelled or forfeited	(122,500	)	13.87
Unvested at March 31, 2013	298,925		$	13.03