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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of share-based compensation
A detail of share-based compensation expense for the periods ended December 31, 2012, 2011 and 2010 is as follows (in thousands):
 
 
Year Ended December 31,
 
 
2012
 
2011
 
2010
Stock options:
 
 
 
 
 
 
Incentive Stock Options
 
$
786

 
$
493

 
$
793

Non-Qualified Stock Options
 
660

 
703

 
2,081

Restricted stock
 
5,464

 
3,637

 
4,263

Restricted stock units
 
277

 

 

Share based compensation
 
$
7,187

 
$
4,833

 
$
7,137

Schedule of stock option valuation assumptions
The following table outlines the assumptions used in computing the fair value of stock options granted during 2012, 2011 and 2010:
 
 
Years Ended December 31,
 
 
2012
 
2011
 
2010
Dividend yield
 
—%
 
—%
 
—%
Expected volatility
 
79.2% - 79.6%
 
78.5% - 79.7%
 
78.2% - 80.3%
Risk-free rate
 
0.8% - 1.1%
 
1.1% - 2.2%
 
1.5% - 3.0%
Expected term
 
6 years
 
6 years
 
6 years
Forfeiture rate
 
5.0%
 
5.0%
 
5.0%
Stock options granted (1)
 
125,487

 
395,280

 
69,500

Wgtd. avg. grant date fair value per share
 
$
3.71

 
$
5.09

 
$
4.21

Fair value of grants (1)
 
$
465,000

 
$
2,011,000

 
$
293,000

 
(1)
Prior to applying estimated forfeiture rate
Schedule of stock options activity
The following table details stock option activity during the year ended December 31, 2012:
 
 
Number of
Options
 
Wgtd. Avg.
Exercise  Price
 
Wgtd. Avg.
Remaining  Life
 
Aggregate
Intrinsic  Value
(000’s)
Outstanding at beginning of year
 
1,922,408

 
$
5.56

 
 
 
 
Granted
 
125,487

 
5.51

 
 
 
 
Expired/cancelled/forfeited
 
(44,554
)
 
6.71

 
 
 
 
Exercised
 
(78,400
)
 
3.32

 
 
 
 
Outstanding at end of year
 
1,924,941

 
5.61

 
5.0 years
 
$
1,114

 
 
 
 
 
 
 
 
 
Options exercisable at end of year
 
1,534,311

 
$
5.31

 
4.1 years
 
$
1,114

Options expected to vest
 
371,098

 
6.79

 
8.8 years
 
$
48

Schedule of stock option plans, by exercise price range
The following table summarizes information regarding stock options outstanding at December 31, 2012:
    
 
 
 
 
 
 
 
 
 
 
 
Range of
 
Options
 
Wgtd. Avg.
 
Wgtd. Avg.
 
Options
 
Wgtd. Avg.
Exercise
 
Outstanding
 
Remaining
 
Exercise
 
Exercisable
 
Exercise
Price
 
12/31/2012
 
Contractual Life
 
Price
 
12/31/2012
 
Price
$0.0—$3.17
 
450,667

 
1.0 years
 
$2.92
 
450,667

 
$2.92
$3.17—$5.91
 
422,818

 
4.1 years
 
$4.53
 
308,831

 
$4.23
$5.91—$7.08
 
672,862

 
6.4 years
 
$6.98
 
639,195

 
$7.01
$7.08—$9.99
 
378,594

 
8.4 years
 
$7.59
 
135,618

 
$7.71
 
 
1,924,941

 
5.0 years
 
$5.61
 
1,534,311

 
$5.31
Schedule of restricted stock units activity
The following table details restricted stock activity during 2012:
 
 

Number of
Shares
 
Wgtd. Avg.
Fair Value  per
Share
Outstanding at beginning of year
 
1,988,602

 
$
6.69

Granted
 
659,915

 
5.24

Expired/cancelled/forfeited
 
(109,236
)
 
6.64

Lapse of restrictions
 
(733,452
)
 
6.40

Outstanding at December 31, 2012
 
1,805,829

 
$
6.28