Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of stock-based compensation awards

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

Assumptions used to estimate fair value of SARs issued

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

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details