Shareholders Equity and Stock Options (Tables)

The components of accumulated other comprehensive income (loss) at December 31, 2012 and December 31, 2011 were as follows:



(Dollars in thousands)	December 31, 2012			December 31, 2011
Foreign currency translation adjustments	$	12,585		$	5,875
Funded status of pension plans and other postretirement benefits, net of tax of $22,371 and $20,799.	(70,158		)	(67,239		)
Unrealized gain (loss) on derivative instruments, net of tax of $127 and $0	(235		)	(270		)
Unrealized gain (loss) on marketable securities, net of tax of $0 and $1,555	—			(1,168		)
Accumulated other comprehensive income (loss)	$	(57,808	)	$	(62,802	)

Shares of capital stock reserved for possible future issuance are as follows:



	December 31, 2012	December 31, 2011
Stock acquisition program	120,883	120,883
Stock options and restricted stock	2,025,286	2,892,809
Rogers Employee Savings and Investment Plan	249,490	205,908
Rogers Corporation Global Stock Ownership Plan for Employees	201,676	227,050
Deferred compensation to be paid in stock	49,090	48,247
Total	2,646,425	3,494,897

The fair value of options granted in 2012, 2011 and 2010 were calculated using the following weighted average assumptions:



	December 31, 2012			December 31, 2011			December 31, 2010
Options granted	46,950			131,750			340,150
Weighted average exercise price	$	41.27		$	46.29		$	24.26
Weighted-average grant date fair value	19.08			21.08			11.40

Assumptions:
Expected volatility	47.70		%	46.92		%	45.41		%
Expected term (in years)	5.9			5.6			5.9
Risk-free interest rate	1.43		%	2.13		%	3.12		%
Expected dividend yield	—			—			—

A summary of the activity under our stock option plans as of December 31, 2012 and changes during the year then ended, is presented below:



	Options Outstanding		Weighted- Average Exercise Price Per Share		Weighted-Average Remaining Contractual Life in Years	Aggregate Intrinsic Value
Options outstanding at December 31, 2011	2,401,809		$	37.54	5.0	12,195,931
Options granted	46,950		41.27
Options exercised	(614,263	)	42.97
Options cancelled	(68,549	)	43.57
Options outstanding at December 31, 2012	1,765,947		40.58		1.3	19,557,233
Options exercisable at December 31, 2012	1,274,340		43.61		3.2	11,230,647
Options vested or expected to vest at December 31, 2012*	1,751,199		40.64		4.2	19,307,435



	2012				2011				2010
	Options Outstanding		Weighted- Average Exercise Price Per Share		Options Outstanding		Weighted- Average Exercise Price Per Share		Options Outstanding		Weighted- Average Exercise Price Per Share
Outstanding at beginning of year	2,401,809		$	37.54	2,626,371		$	36.63	2,401,318		$	38.40
Options granted	46,950		41.27		131,750		46.29		340,150		24.26
Options exercised	(614,263	)	42.97		(329,964	)	33.61		(30,675	)	31.33
Options cancelled	(68,549	)	43.57		(26,348	)	30.77		(84,422	)	38.92
Outstanding at year-end	1,765,947		40.58		2,401,809		37.54		2,626.371		36.63
Options exercisable at year-end	1,274,340				1,609,982				1,674,979

Performance Shares [Member]

A summary of activity under the performance-based restricted stock plans for the fiscal years ended 2012, 2011 and 2010 is presented below:



	2012				2011				2010
	Awards Outstanding		Weighted- Average Grant Date Fair Value		Awards Outstanding		Weighted- Average Grant Date Fair Value		Awards Outstanding		Weighted- Average Grant Date Fair Value
Non-vested awards outstanding at beginning of year	101,730		$	31.19	115,250		$	27.09	98,400		$	32.29
Awards granted	22,120		41.27		20,630		47.89		37,350		27.43
Stock issued	(43,750	)	23.86		—		—		—		—
Awards forfeited or expired	(6,642	)	37.67		(34,150	)	27.43		(20,500	)	52.66
Non-vested awards outstanding at end of year	73,458		38.01		101,730		31.19		115,250		27.09

Time Based Restricted Stock [Member]



	2012				2011				2010
	Awards Outstanding		Weighted- Average Grant Date Fair Value		Awards Outstanding		Weighted- Average Grant Date Fair Value		Awards Outstanding	Weighted- Average Grant Date Fair Value
Non-vested awards outstanding at beginning of year	86,707		$	44.55	2,500		$	20.01	2,500	$	20.01
Awards granted	51,790		40.99		84,667		45.29		—	—
Stock issued	(16,620	)	41.64		—		—		—	—
Awards forfeited or expired	(6,738	)	46.21		(460	)	47.89		—	—
Non-vested awards outstanding at end of year	115,139		43.27		86,707		44.55		2,500	$	20.01

Deferred Stock Units [Member]



	2012				2011				2010
	Awards Outstanding		Weighted- Average Grant Date Fair Value		Awards Outstanding		Weighted- Average Grant Date Fair Value		Awards Outstanding		Weighted- Average Grant Date Fair Value
Non-vested awards outstanding at beginning of year	27,350		$	28.80	30,250		$	28.98	41,200		$	24.76
Awards granted	17,600		38.64		16,650		45.95		25,100		29.85
Stock issued	(14,800	)	45.95		(19,550	)	43.69		(36,050	)	24.76
Non-vested awards outstanding at end of year	30,150		26.13		27,350		28.80		30,250		28.98