Share Based Compensation (Tables)

6 Months Ended

Jun. 30, 2012

Fair Values of all Options Granted Estimated Using Binomial Option-Pricing Model with Weighted-average Assumptions

The fair values of all of the options granted for the periods indicated have been estimated using a binomial option-pricing model with the weighted-average assumptions for the periods shown are presented in the following table:

	Six Months Ended June 30,
	2012			2011
Dividend yield		2.17	%		1.72	%
Weighted average expected volatility		50.90	%		46.87	%
Weighted average risk-free interest rate		1.14	%		2.58	%
Weighted average expected lives (in years)		5.35			5.70
Weighted average grant-date fair value	$	7.85		$	7.76

Summary of share option activity

A summary of share option activity for the period indicated is reflected in the following table:

						Weighted
	Number			Weighted		Average		Aggregate
	of			Average		Contractual		Intrinsic
	Common			Exercise		Remaining		Value
	Shares			Share Price		Life(Years)		(in thousands)
Balance at January 1, 2012		635,197		$	31.42			$	406
Granted		20,633		$	19.02			$	-
Exercised		(1,217	)	$	12.84			$	6
Forfeited or expired		(20,700	)	$	33.63			$	6
Balance at June 30, 2012		633,913		$	30.98		2.3	$	435
Exercisable at June 30, 2012		578,850		$	32.21		1.9	$	403
Weighted average fair value of options
granted during the year				$	7.85

Summary of Activity for Company's Non-Vested Options

A summary of the activity for the Company’s non-vested options for the period indicated is presented in the following table:

				Weighted
				Average
	Number			Grant-Date
(In dollars, except share data):	of Shares			Fair Value
Non-vested options at January 1, 2012		79,640		$	6.33
Granted		20,633		$	7.85
Vested		(42,147	)	$	5.44
Forfeited or expired		(3,063	)	$	6.69
Non-vested options at June 30, 2012		55,063		$	7.56

Summary of Activity for Company's Restricted Stock

A summary of the activity for the Company’s restricted stock for the period indicated is presented in the following table:

				Weighted
				Average
	Number			Grant-Date
(In dollars, except share data):	of Shares			Fair Value
Restricted stock  at January 1, 2012		206,313		$	16.37
Granted		83,807		$	19.02
Vested		(59,165	)	$	16.15
Forfeited or expired		(5,494	)	$	16.78
Restricted stock at June 30, 2012		225,461		$	17.40