Stock-Based Compensation

3 Months Ended

Mar. 31, 2013

Share-based Compensation [Abstract]

STOCK-BASED COMPENSATION

NOTE 11: STOCK-BASED COMPENSATION

The Company made the following stock-based compensation awards in the periods indicated:

Stock-Based Compensation	Three Months Ended March 31,
(Amounts in thousands)	2013		2012
SARs granted (number of shares)	645		567
RSUs granted (number of shares)	131		115
Aggregate fair value at time of grant; SARs	$	4,231	$	4,509
Aggregate fair value at time of grant; RSUs	$	1,813	$	1,825

The SARs and RSUs granted in 2013 and 2012 vest quarterly over a three-year period and are generally restricted from exercise, sale, or other transfer for three years from the grant date. The SARs granted have a ten-year term before expiration.

The following assumptions were used to estimate the fair value of SARs in the three months ended March 31, 2013 and 2012:

Assumptions Used	2013	2012
Estimated average life	6 years	6 years
Risk-free interest rate	1.1%	1.1%-1.2%
Expected volatility	49.6%	49.6%
Weighted average volatility	49.6%	49.6%
Dividend yield	0.0%	0.0%
Weighted average exercise price	$13.81	$16.74
Weighted average grant date fair value	$6.56	$7.95

As of March 31, 2013, the total unrecognized stock-based compensation expense related to previously granted awards was $11.2 million. The weighted average period over which this expense is expected to be recognized is 28 months. The Company’s policy upon the exercise of options, restricted stock awards, RSUs, or SARs has been to issue new shares into the public market as authorized under the stockholder-approved 2006 Equity Incentive Plan.