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Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Assumptions to estimate fair value of stock options and SAR's
The following table sets forth the weighted average fair value of stock options on the date of grant and the weighted average fair value of the SARs at December 31, 2012. The assumptions used to estimate the fair value of the stock options and SARs using the Black-Scholes option valuation model are as follows:
 
Date of Grant
As of December 31, 2012
 
Stock
Options
2012
 
Stock Options
2011
SARs
2010
Weighted average fair value of stock options granted and SARs outstanding
$
15.77

 
$
17.85

$
13.73

Expected volatility
70.56
%
 
72.56
%
51.57
%
Expected life
5.5 years

 
6 years

2.7 years

Risk-free interest rate
0.89
%
 
2.30
%
0.34
%
Expected dividend yield

 


Summary of stock option and SAR's activity
The following table summarizes stock option and SARs activity for the years ended December 31, 2012, 2011 and 2010:
 
Stock Options
 
SARs
 
Shares
 
Weighted
Average
Exercise
 
Shares
 
Weighted
Average
Exercise
Stock options outstanding at December 31, 2009
392,678

 
$
23.48

 
112,471

 
$
10.00

Granted
4,089

 
15.30

 
151,287

 
15.40

Exercised
(29,104
)
 
9.81

 
(16,639
)
 
10.00

Canceled/Forfeited
(36,823
)
 
23.31

 
(16,556
)
 
11.17

Stock options outstanding at December 31, 2010
330,840

 
24.60

 
230,563

 
13.46

Granted
139,916

 
27.39

 

 

Exercised
(129,785
)
 
11.41

 
(119,801
)
 
13.10

Canceled/forfeited
(19,364
)
 
40.16

 
(3,123
)
 
14.46

Stock options outstanding at December 31, 2011
321,607

 
30.20

 
107,639

 
13.83

Granted
151,102

 
26.97

 

 

Exercised
(40,173
)
 
11.84

 
(34,385
)
 
12.73

Canceled/forfeited/expired
(62,536
)
 
29.22

 
(4,389
)
 
15.40

Stock options outstanding at December 31, 2012
370,000

 
$
31.04

 
68,865

 
$
14.27

Exercise Price Range
Options to purchase 218,369 shares were exercisable at December 31, 2012 at a weighted average exercise price of $34.00.
 
 
Options Outstanding
 
Options Exercisable
Range of
Exercise Price
 
Number
Outstanding
 
Weighted Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Number
Exercisable
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual Life
(Years)
$ 0.00-$10.00
 
27,853

 
$
10.00

 
6.09
 
27,853

 
$
10.00

 
6.09
$10.00-$20.00
 
15,892

 
$
18.06

 
8.89
 
2,726

 
$
15.30

 
7.59
$20.00-$30.00
 
227,154

 
$
27.28

 
6.60
 
90,397

 
$
27.00

 
3.31
$30.00-$40.00
 
49,673

 
$
39.12

 
2.39
 
47,965

 
$
39.28

 
2.18
$40.00-$50.00
 
20,464

 
$
48.50

 
2.91
 
20,464

 
$
48.50

 
2.91
$50.00-$60.00
 
12,937

 
$
51.40

 
2.23
 
12,937

 
$
51.40

 
2.23
$60.00-$70.00
 
3,219

 
$
66.60

 
1.02
 
3,219

 
$
66.60

 
1.02
$70.00-$80.00
 
12,808

 
$
70.90

 
1.14
 
12,808

 
$
70.90

 
1.14
Summary of restricted stock and restricted stock units activity
The following table summarizes restricted stock and restricted stock units activity for the years ended December 31, 2012, 2011 and 2010:
 
Restricted Stock
 
Restricted Stock Units
 
Number of
Shares
 
Weighted
Average
Grant Date
Fair Value
 
Number of
Units
 
Weighted Average
Fair Value
Outstanding at December 31, 2009
134,389

 
$
15.95

 
67,485

 
$
18.06

Granted
2,363

 
15.30

 
91,378

 
15.40

Vested
(57,926
)
 
21.90

 
(22,500
)
 
15.24

Cancelled/Forfeited
(14,203
)
 
12.43

 
(9,947
)
 
15.76

Outstanding at December 31, 2010
64,623

 
11.37

 
126,416

 
27.32

Granted
205,463

 
27.37

 

 

Vested
(85,323
)
 
19.36

 
(79,014
)
 
27.87

Cancelled/Forfeited
(11,254
)
 
26.89

 
(1,884
)
 
25.03

Outstanding at December 31, 2011
173,509

 
25.38

 
45,518

 
24.14

Granted
230,096

 
26.40

 

 

Vested
(95,336
)
 
23.15

 
(31,456
)
 
25.92

Cancelled/Forfeited
(68,571
)
 
27.43

 
(2,651
)
 
24.60

Outstanding at December 31, 2012
239,698

 
$
26.65

 
11,411

 
$
24.60

Summary of performance shares and performance unit activity
The following table summarizes performance shares and performance units’ activity for the years-ended December 31, 2012, 2011, and 2010:
 
Performance Shares
 
Performance Units
 
Number of
Shares
 
Weighted
Average
Grant Date
Fair Value
 
Number of
Units
 
Weighted Average
Fair Value
Outstanding at December 31, 2009
136,298

 
$
16.59

 
67,485

 
$
27.53

Granted
2,363

 
18.65

 
91,378

 
19.94

Vested

 

 

 

Cancelled/Forfeited
(37,833
)
 
17.53

 
(13,840
)
 
20.12

Outstanding at December 31, 2010
100,828

 
16.29

 
145,023

 
35.41

Granted
81,489

 
42.72

 

 

Vested
(56,830
)
 
23.24

 
(57,948
)
 
24.68

Cancelled/Forfeited
(19,558
)
 
48.62

 
(2,536
)
 
25.03

Outstanding at December 31, 2011
105,929

 
26.92

 
84,539

 
39.78

Granted
145,508

 
25.78

 
32,498

 

Vested
(111,703
)
 
7.96

 
(74,845
)
 
31.17

Cancelled/Forfeited
(30,575
)
 
42.11

 
(7,953
)
 
49.20

Outstanding at December 31, 2012
109,159

 
$
40.55

 
34,239

 
$
49.20