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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2012
Stockholders' Equity [Abstract]  
Weighted-average fair value of options granted and assumptions

The following table sets forth information about the weighted-average fair value of options granted, and the weighted-average assumptions for such options granted, during 2011 and 2010:

 

                 
    2011     2010  

Weighted average fair value of options on grant date

  $ 4.87     $ 6.84  

Expected life (years)

    6.0       6.0  

Risk-free interest rate

    2.3     2.5

Expected dividend yield

    —       —  

Expected volatility

    76.2     71.1
Summary of option activity for stock options

The following table sets forth the summary of option activity for the year ended December 31, 2012:

 

                                 
    Shares     Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Life
    Aggregate
Intrinsic
Value
 

Outstanding at January 1, 2012

    796,500     $ 12.20                  

Granted

    —       $ —         —       $ —    

Exercised

    (39,000   $ 7.81             $ 245  

Expired

    (10,000   $ 19.95                  

Forfeited

    —       $ —                    
   

 

 

   

 

 

   

 

 

   

 

 

 

Outstanding at December 31, 2012

    747,500     $ 12.32       5.92     $ 3,931  
   

 

 

   

 

 

   

 

 

   

 

 

 

Exercisable on December 31, 2012

    595,827     $ 13.34       5.43     $ 2,918  
   

 

 

   

 

 

   

 

 

   

 

 

 

Expected to vest at December 31, 2012

    144,089     $ 8.33       8.13     $ 1,013  
   

 

 

   

 

 

   

 

 

   

 

 

 
Summary of activity for restricted stock grants

The following table sets forth the summary of activity for restricted stock grants for the year ended December 31, 2012:

 

                                                 
    2012     2011     2010  
    Shares     Weighted
Average
Grant Date
Fair Value
    Shares     Weighted
Average
Grant Date
Fair Value
    Shares     Weighted
Average
Grant Date
Fair Value
 

Nonvested at beginning of year

    248,804     $ 8.43       131,333     $ 10.58       179,500     $ 19.56  

Granted

    288,648     $ 12.18       165,638     $ 7.22       134,500     $ 11.20  

Vested

    (72,471   $ 7.81       (43,167   $ 10.47       (141,667   $ 22.29  

Forfeited

    (6,000   $ 10.91       (5,000   $ 7.34       (41,000   $ 11.46  
   

 

 

           

 

 

           

 

 

         

Nonvested at end of year

    458,981     $ 10.85       248,804     $ 8.43       131,333     $ 10.58