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STOCK OWNERSHIP AND BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2012
STOCK OWNERSHIP AND BENEFIT PLANS  
Schedule of total stock-based compensation expense

 

 

 

2012

 

2011

 

2010

 

Cost of products sold

 

$

324

 

$

261

 

$

316

 

General and administrative expenses

 

3,018

 

2,431

 

2,402

 

Selling and distribution expenses

 

1,101

 

705

 

783

 

 

 

 

 

 

 

 

 

Stock-based compensation expense before income taxes

 

4,443

 

3,397

 

3,501

 

Income tax benefit

 

(864

)

(918

)

(888

)

 

 

 

 

 

 

 

 

Stock-based compensation expense, net of income taxes

 

$

3,579

 

$

2,479

 

$

2,613

 

 

 

 

 

 

 

 

 

Earnings per share impact:

 

 

 

 

 

 

 

Basic - net income

 

$

0.27

 

$

0.19

 

$

0.20

 

Diluted - net income

 

$

0.27

 

$

0.19

 

$

0.20

Summary of the activity of nonvested shares of restricted stock

 

 

 

 

 

Weighted Average

 

 

 

 

 

Grant Date

 

 

 

Shares

 

Fair Value

 

Balance at December 31, 2009

 

198,650

 

$

38.39

 

Granted

 

104,000

 

19.95

 

Vested

 

(65,161

)

29.26

 

 

 

 

 

 

 

Balance at December 31, 2010

 

237,489

 

$

32.82

 

Granted

 

116,500

 

20.90

 

Vested

 

(90,660

)

24.16

 

Forfeited

 

(1,500

)

18.79

 

 

 

 

 

 

 

Balance at December 31, 2011

 

261,829

 

$

30.59

 

Granted

 

116,900

 

20.74

 

Vested

 

(136,344

)

27.20

 

 

 

 

 

 

 

Balance at December 31, 2012

 

242,385

 

$

27.75

Summary of the activity of nonvested restricted stock units

 

 

 

 

 

Weighted Average

 

 

 

Share

 

Grant Date

 

 

 

Units

 

Fair Value

 

Balance at December 31, 2009

 

15,166

 

$

15.96

 

Granted

 

28,000

 

20.44

 

Vested

 

(8,583

)

15.97

 

 

 

 

 

 

 

Balance at December 31, 2010

 

34,583

 

$

19.59

 

Granted

 

32,500

 

20.45

 

Vested

 

(13,085

)

18.24

 

 

 

 

 

 

 

Balance at December 31, 2011

 

53,998

 

$

20.43

 

Granted

 

50,200

 

20.44

 

Vested

 

(20,769

)

20.43

 

 

 

 

 

 

 

Balance at December 31, 2012

 

83,429

 

$

20.44

Summary of stock option activity

 

 

 

 

 

Weighted

 

Weighted

 

 

 

 

 

 

 

Average

 

Average

 

Aggregate

 

 

 

 

 

Exercise

 

Remaining

 

Intrinsic

 

 

 

Options

 

Price

 

Contractual Term

 

Value

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2009

 

28,000

 

$

10.37

 

 

 

 

 

Exercised

 

(8,300

)

4.75

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2010

 

19,700

 

$

12.74

 

 

 

 

 

Exercised

 

(4,200

)

4.71

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2011

 

15,500

 

$

14.92

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2012

 

15,500

 

$

14.92

 

2.26

 

$

51

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2012

 

15,500

 

$

14.92

 

2.26

 

$

51

 

Summary of information about employee stock options outstanding and exercisable

 

 

 

Number of

 

 

 

 

 

 

 

Options

 

Weighted

 

 

 

 

 

Outstanding at

 

Average

 

 

 

Range of

 

and Exercisable

 

Remaining

 

Weighted

 

Exercise

 

December 31,

 

Contractual Life

 

Average

 

Prices

 

2012

 

in Years

 

Exercise Price

 

 

 

 

 

 

 

 

 

$1.42 - $1.42

 

500

 

0.96

 

$

1.42

 

$4.87 - $4.87

 

5,000

 

2.06

 

$

4.87

 

$20.62 - $20.62

 

10,000

 

2.42

 

$

20.62

 

 

 

 

 

 

 

 

 

 

 

15,500

 

2.26

 

$

14.92