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Share-Based Payments (Tables)
 12 Months Ended
Dec. 31, 2012
Restricted Stock Award Activity
The table below summarizes the grant activity for the year ended December 31, 2012 and is broken down in the following three distinct groups because each group has unique characteristics: executives, board of directors, and employees:
 
Group Type
  
# Shares
Granted
    
Average Grant Date
Value
    
Vest Schedule Range
  
Executives
    
40,750
*
  
$
14.11
    
1-6  years
  
Board of directors (non-executives)
    
39,062
      
14.54
    
1 year
  
Employees
    
–
      
–
    
N/A
  
Total
    
79,812
    
$ 
           14.32
    
1 – 6 years
  
 
*All 40,750 shares were cancelled prior to vest.
Restricted Stock Award Activity
The following table summarizes the restricted stock award activity, annually, for the years ended December 31, 2010, 2011 and 2012:
 
   
Restricted Stock Awards
  
  
  
Number of
Shares
    
Weighted 
Average
Fair
Value
  
             
Outstanding, December 31, 2009
    
436,443
    
$
20.24
  
Awarded
    
297,874
    
$
12.27
  
Released
    
(385,532
)
  
$
18.64
  
Forfeited
    
(24,150
) 
  
$
17.98
  
Outstanding, December 31, 2010
    
324,635
    
$
14.99
  
Awarded
    
141,480
    
$
18.31
  
Released
    
(240,978
 )   
$
13.93
  
Forfeited
    
(82,953
 )   
$
18.32
  
Outstanding, December 31, 2011
    
142,184
    
$
18.15
  
Awarded
    
79,812
    
$
14.32
  
Released
    
(79,503
 )   
$
18.19
  
Forfeited
    
(47,178
 )   
$
14.45
  
Outstanding, December 31, 2012
    
95,315
    
$
16.75
  
Total Share-Based Compensation Expense and Related Tax Benefits Recognized
The following table summarizes the total share-based compensation expense and related tax benefits recognized (in thousands):
 
   
Year Ended December 31,
  
   
 
2010
    
2011
    
2012
  
                   
Stock option compensation expense (benefit)
  
$
(224
)
  
$
―
    
$
―
  
Tax benefit related to stock option compensation
  
$
—
    
$
―
    
$
―
  
Restricted stock compensation expense
  
$
4,619
    
$
1,594
    
$
1,122
  
Tax benefit related to restricted stock compensation
  
$
1,788
    
$
(909
 )   
$
114
  
Stock Option Activity Pursuant to Plan
Stock option activity pursuant to the Plan is summarized as follows:
 
         
Weighted
  
         
Average
  
   
Number
    
Exercise
  
   
of Shares
    
Price
  
Outstanding, December 31, 2009
    
444,715
    
$
19.63
  
Granted
    
—
     $
—
  
Exercised
    
—
     $
—
  
Canceled
    
(126,450
) 
   $
20.64
  
Outstanding, December 31, 2010
    
318,265
    
$
19.23
  
Granted
    
―
     $
―
  
Exercised
    
(17,250
)
   $
15.03
  
Canceled
    
(118,350
)
   $
20.02
  
Outstanding, December 31, 2011
    
182,665
    
$
19.11
  
Granted
    
―
     $
―
  
Exercised
    
(7,500
 )    $
13.47
  
Canceled
    
(40,521
 )   $
18.45
  
Outstanding, December 31, 2012
    
134,644
     $
19.82
  
Stock Option Activity Pursuant to Plan
The following characteristics apply to the Plan stock options that are fully vested, or expected to vest, as of December 31, 2012:
 
 Aggregate intrinsic value of options outstanding
  
$
―
  
 Weighted-average contractual term of options outstanding (in years)
    
1.86
  
 Number of options currently exercisable
    
134,644
  
 Weighted-average exercise price of options currently exercisable
  
$
19.82
  
 Aggregate intrinsic value of options currently exercisable
  
$
―
  
 Weighted-average contractual term of currently exercisable (in years)
    
1.86
  
Stock Options Outstanding and Exercisable
The following table summarizes information about stock options outstanding and exercisable at December 31, 2012:
 
     
Outstanding
    
Exercisable
  
           
Weighted
    
Weighted
          
Weighted
  
           
Average
    
Average
          
Average
  
Option Price
    
Number
    
Life
    
Exercise
    
Number
    
Exercise
  
Range
    
of Shares
    
in Years
    
Price
    
of Shares
    
Price
  
$0.00 – $9.99      
―
      
―
    
$
―
      
―
     $
―
  
$10.00 – $19.99      
52,500
      
2.00
    
$
17.56
      
52,500
     $
17.56
  
$20.00 – $50.00      
82,144
      
1.78
    
$
21.27
      
82,144
     $
21.27