Stock Compensation (Tables)

9 Months Ended

Sep. 30, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Activity in Plans

A summary of activity in the plans is as follows:

	For the nine months ended September 30, 2013
	Shares			Weighted average exercise price		Aggregate intrinsic value (in thousands)
Outstanding at beginning of year		1,309,942		$	5.77	$	640
Granted		12,317			3.54		—
Exercised		(123,600	)		2.01		—
Forfeited		(241,729	)		8.82		—
Outstanding at end of period		956,930		$	5.46	$	1,102
Options exercisable at end of period		929,028		$	5.54	$	1,065

Information Related to Stock Option Plans

Information related to the stock option plans for the nine months ended September 30, 2013 follows:

	September 30, 2013
Intrinsic value of options exercised	$	304,056
Cash received from option exercises		155,320
Tax benefit realized from option exercises		—
Weighted average fair value of options granted, per share	$	2.38

Weighted-Average Assumptions for Determining Fair Value of Options Granted

The fair value of options granted during the third quarter 2013 was determined using the following weighted-average assumptions as of the grant date.

	July 3, 2013
Risk-free interest rate		0.84	%
Expected term (years)		5
Expected stock volatility		86.20	%
Dividend yield		—	%

Summary of Changes in Company's Nonvested Restricted Shares

A summary of changes in the Company’s nonvested restricted shares for the first nine months of 2013 is as follows:

	Shares			Weighted average grant date fair value
Nonvested shares at January 1, 2013		129,321		$	2.86
Granted		17,226			3.82
Vested		(26,317	)		2.09
Forfeited		(14,160	)		3.06
Nonvested shares at September 30, 2013		106,070		$	3.18