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Long-Term Incentive Plan (Tables)
6 Months Ended
Jun. 30, 2012
Long-Term Incentive Plan  
Summary of stock option activity in Incentive Plan

 

 

 

 

Shares

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Term (years)

 

Aggregate
Intrinsic Value

 

 

 

 

 

 

 

 

 

Beginning outstanding at January 1, 2012

 

500,000

 

  $

 27.34

 

 

 

 

Canceled

 

(7,500)

 

25.67

 

 

 

 

Ending outstanding at June 30, 2012

 

492,500

 

  $

 27.36

 

3.05

 

  $

-

 

 

 

 

 

 

 

 

 

Exercisable at end of period

 

492,500

 

  $

 27.36

 

3.05

 

  $

-

 

 

 

 

 

 

 

 

 

Beginning outstanding at January 1, 2011

 

614,832

 

  $

 25.81

 

 

 

 

Canceled

 

(21,500)

 

27.73

 

 

 

 

Ending outstanding at June 30, 2011

 

593,332

 

  $

 25.74

 

3.58

 

  $

-

 

 

 

 

 

 

 

 

 

Exercisable at end of period

 

589,332

 

  $

 25.87

 

3.56

 

  $

-

 

 

Summary of changes in nonvested shares of restricted share rights

 

 

 

 

June 30, 2012

 

June 30, 2011

 

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

Average

 

 

 

Average

 

 

 

 

Grant Date

 

 

 

Grant Date

 

 

Shares

 

Fair Value

 

Shares

 

Fair Value

Nonvested at January 1

 

426,192

 

  $

 4.15

 

464,298

 

  $

 6.76

Granted

 

60,000

 

1.25

 

141,320

 

1.06

Vested

 

(144,976)

 

7.14

 

(98,770)

 

10.71

Forfeited

 

(13,296)

 

3.28

 

(61,129)

 

4.65

Nonvested at June 30

 

327,920

 

  $

 2.33

 

445,719

 

  $

 4.37