Equity Incentive Plan (Tables)

12 Months Ended

Dec. 31, 2012

Assumptions Used to Estimate Fair Value of Stock Options and Stock Appreciation Rights Awards

The fair value of each stock option and SAR award during 2012, 2011, and 2010 was estimated on the grant date using the Black-Scholes option-pricing model with the following assumptions:

	December 31,
	2012	2011	2010
Risk free interest rate	0.63% to 0.64%	1.1% to 1.51%	1.11% to 1.88%
Expected volatility	57.60%	57.60%	57.60%
Expected lives (years)	4	4	4
Expected dividend yield	0.00%	0.00%	0.00%

Combined Stock Options and Stock Appreciation Rights Activity

Combined stock options and SAR’s activity under our plans is summarized as follows for the years ended December 31, 2012 and, 2011 respectively:

	2012					2011
				Weighted					Weighted
				Average					Average
				Exercise					Exercise
	Number of			Price Per		Number of			Price Per
	Shares			Share		Shares			Share
Options and SAR's outstanding at beginning of year		2,108,003		$	7.26		1,625,253		$	6.92
Granted		204,000		$	12.06		679,000		$	6.98
Cancelled		(212,749	)	$	6.58		(74,187	)	$	6.41
Expired		(7,714	)	$	1.68		(875	)	$	3.04
Exercised		(297,855	)	$	4.74		(121,188	)	$	1.60
Options and SAR's outstanding at end of year		1,793,685		$	8.30		2,108,003		$	7.26

Restricted Stock Activity

The restricted stock activity for the years ended December 31, 2012 and 2011 is as follows:

	2012					2011
				Weighted					Weighted
				Average					Average
	Number of			Grantd Date		Number of			Grantd Date
	Shares			Fair Value		Shares			Fair Value
Nonvested at Beginning of year		59,196		$	5.71		77,085		$	5.48
Granted		31,312		$	9.10		29,978		$	6.98
Cancelled		(25	)	$	3.05		(850	)	$	3.05
Expired		-		$	-		-		$	-
Vested/Released		(21,527	)	$	5.08		(47,017	)	$	6.13
Nonvested at end of year		68,956		$	6.87		59,196		$	5.71