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Stock Compensation (Tables)
 12 Months Ended
Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of stock option activity for the period
Options outstanding and exercisable at December 31, 2013, 2012 and 2011 were as follows: 
Year
Outstanding
 
Range of Exercise
Prices
 
Exercisable
 
Weighted Average
Exercise Price
2013
1,574,572

 
$9.00 to $18.62
 
1,057,694

 
$
11.48

2012
1,919,021

 
$8.00 to $18.62
 
1,355,112

 
$
11.63

2011
1,997,778

 
$8.00 to $18.62
 
1,429,040

 
$
11.75

The following table provides a summary of stock option activity for the period ended December 31, 2013:
 
Shares
 
Average
Exercise
Price
 
Weighted
Average
Life
 
Aggregate
Intrinsic
Value
Outstanding at December 31, 2012
1,919,021

 
$
11.63

 
 
 
 
Options Granted
323,400

 
14.77

 
 
 
 
Options Exercised
(503,321
)
 
11.34

 
 
 
 
Canceled or Forfeited
(164,528
)
 
13.89

 
 
 
 
Outstanding at December 31, 2013
1,574,572

 
12.14

 
5.98 years
 
$
14,142

Exercisable at December 31, 2013
1,057,694

 
$
11.48

 
4.73 years
 
$
10,194

The following tables summarize stock option activity in the past three years:
Options granted in 2013, 2012 and 2011:
Year
Options
 
Exercise
Price
2013
323,400

 
$
14.77

2012
323,950

 
$
12.96

2011
365,025

 
$10.10 to $10.28




Options exercised in 2013, 2012 and 2011:
Year
Options
 
Exercise
Price
2013
503,321

 
$8.00 to $18.62
2012
288,794

 
$8.00 to $12.55
2011
59,031

 
$8.00 to $12.55
Fair Value of stock options granted assumptions used
There is no material difference in the valuation of these options using prior models.
 
2013
 
2012
 
2011
Risk free interest rate
1.86
%
 
2.00
%
 
3.79
%
Expected dividend yield
2.40
%
 
2.20
%
 
2.90
%
Expected life of award (years)
7.0

 
5.4

 
6.0

Expected volatility
50.00
%
 
50.00
%
 
50.72
%
Fair value per option share
$
5.39

 
$
4.93

 
$
3.69
Summary of restricted stock activity for the period
The following table provides a summary of restricted stock activity for the period ended December 31, 2013:
 
Shares
 
Average
Grant-Date
Fair Value
Unvested shares at December 31, 2012
363,125

 
 
Granted
169,100

 
$
14.77

Vested
(112,000
)
 
10.02

Forfeited
(144,700
)
 
14.00

Unvested shares at December 31, 2013
275,525

 
$
12.99