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SHARE BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2012
Share-Based Compensation [Abstract]  
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 years ended December 31 are presented in the following table:

 

    Year Ended December 31,  
    2012     2011     2010  
Dividend yield     2.17 %     1.72 %     0.27 %
Weighted average expected volatility     50.90 %     46.87 %     45.06 %
Weighted average risk-free interest rate     1.14 %     2.58 %     2.91 %
Weighted average expected lives (in years)     5.35       5.70       5.83  
Weighted average grant-date fair value   $ 7.85     $ 7.76     $ 6.65  
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             $ 8  
Exercised     (3,906 )   $ 13.00             $ 23  
Forfeited or expired     (211,471 )   $ 35.24             $ 33  
Balance at December 31, 2012     440,453     $ 29.17       2.5     $ 557  
                                 
Exercisable at December 31, 2012     386,037     $ 30.73       2.1     $ 484  
                                 
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     (3,710 )   $ 6.80  
Non-vested options at December 31, 2012     54,416     $ 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     (59,365 )   $ 16.16  
Forfeited or expired     (6,750 )   $ 16.83  
Restricted stock at December 31, 2012     224,005     $ 17.40