Share Based Compensation (Tables)

3 Months Ended

Mar. 31, 2013

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 periods shown are presented in the following table:

	Three Months Ended March 31,
	2013			2012
Dividend yield		2.80	%		2.17	%
Weighted average expected volatility		53.87	%		50.90	%
Weighted average risk-free interest rate		0.83	%		1.14	%
Weighted average expected lives (in years)		5.34			5.35
Weighted average grant-date fair value	$	7.99		$	7.85

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, 2013		440,453		$	29.17			$	557
Granted		20,229		$	20.26			$	-
Exercised		-			-			$	-
Forfeited or expired		(4,962	)	$	34.29			$	-
Balance at March 31, 2013		455,720		$	28.72		2.5	$	651
Exercisable at March 31, 2013		410,185		$	29.74		2.0	$	620
Weighted average fair value of options granted during the year				$	7.99

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, 2013		54,416		$	7.56
Granted		20,229		$	7.99
Vested		(29,110	)	$	7.34
Forfeited or expired		-			-
Non-vested options at March 31, 2013		45,535		$	7.89

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, 2013		224,005		$	17.40
Granted		93,770		$	20.26
Vested		(70,133	)	$	17.06
Restricted stock at March 31, 2013		247,642		$	18.58