Stock Incentive Plans (Tables)

9 Months Ended

Sep. 30, 2012

Stock Incentive Plans [Abstract]

Summary of activity of stock incentive and equity plans

The following table summarizes the activity of the stock incentive and equity plans as of September 30, 2012 and changes during the nine months then ended:

	Shares available for grant			Number of options outstanding			Weighted- average option exercise price		Number of restricted stock and board shares issued
At December 31, 2011		2,259,999			2,093,108		$	13.45		42,587
Granted		(94,595	)		77,250			9.74		17,345
Exercised		—			(2,885	)		4.00		—
Cancelled/forfeited		24,600			(24,754	)		16.44		—
At September 30, 2012		2,190,004			2,142,719		$	13.27		59,932

Summary of the non-vested options

A summary of the Company’s non-vested options during the nine month period ended September 30, 2012 is presented below:

	Options			Weighted- average exercise price
Non-vested at January 1, 2012		1,313,177		$	15.42
Granted		77,250			9.74
Vested		(402,163	)		14.37
Forfeited		(21,650	)		17.68
Non-vested at September 30, 2012		966,614		$	15.36

Analysis of restricted stock issued

An analysis of restricted stock issued is as follows:

Non-vested restricted stock as of December 31, 2011	1,931
Granted	17,345
Vested	(10,603	)
Non-vested restricted stock as of September 30, 2012	8,673