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Stock Options (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Assumptions Used for Estimating Fair Value of Share Based Payments
The following table presents the weighted-average assumptions used to estimate the fair value of the share based payment awards granted in the periods presented:

 
 
Years Ended December 31,
 
 
2013
 
2012
 
2011
Risk-free interest rate
 
1.44
%
 
0.59
%
 
1.47
%
Expected volatility
 
53.89
%
 
57.05
%
 
42.28
%
Expected life in months
 
66

 
66

 
66

Weighted-average fair value of grants
 
$
10.95

 
$
4.95

 
$
8.84

Summary of Option Activity
Option activity during the three years ended December 31, 2013 was as follows:

 
 
Years Ended December 31,
 
 
2013
 
2012
 
2011
 
 
Number
of Shares
 
Weighted-
Average
Exercise
Price
 
Number
of Shares
 
Weighted-
Average
Exercise
Price
 
Number
of Shares
 
Weighted-
Average
Exercise
Price
Outstanding at January 1,
 
1,026,588

 
$
18.69

 
978,688

 
$
20.89

 
929,850

 
$
20.65

Options granted
 
190,500

 
22.42

 
222,100

 
9.81

 
224,000

 
21.61

Options exercised
 
(437,937
)
 
20.05

 

 

 
(79,937
)
 
19.42

Options forfeited
 
(77,150
)
 
22.35

 
(174,200
)
 
19.70

 
(95,225
)
 
21.55

Outstanding at December 31,
 
702,001

 
$
18.46

 
1,026,588

 
$
18.69

 
978,688

 
$
20.89

Exerciseable at December 31,
 
245,750

 
$
19.74

 
568,985

 
$
21.46

 
530,262

 
$
21.52

Available for grant at December 31,
 
111,343

 
 
 
78,350

 
 
 
230,950

 
 
Changes in Nonvested Stock Options
Changes in nonvested stock options for the year ended December 31, 2013 were as follows:

 
 
Number
of Shares
 
Weighted-
Average
Grant Date
Fair Value
Per Share
Nonvested at January 1, 2013
 
457,603

 
$
6.49

Granted
 
190,500

 
10.95

Vested
 
(161,527
)
 
6.69

Forfeited
 
(30,325
)
 
7.11

Nonvested at December 31, 2013
 
456,251

 
$
8.24