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Stock Option Plan (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Analysis of Stock Option Activity

An analysis of stock option activity for the year ended December 31, 2012 is presented in the table and narrative below:

 

     Shares     Weighted-Average
Ex. Price
     Weighted-
Average
Remaining
Contractual
Term (Years)
     Aggregate Intrinsic
Value ($000)
 

Outstanding, beginning of year

     481,024      $ 29.11         

Granted

     —          —           

Exercised

     (37,246     22.13         

Cancelled

     (23,685     31.95         
  

 

 

   

 

 

       

Outstanding, end of year

     420,093      $ 29.62         6.06       $ 12,443   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at end of year

     179,678      $ 26.75         3.92       $ 4,806   
  

 

 

   

 

 

    

 

 

    

 

 

 
Schedule of Information Concerning Outstanding and Vested Stock Options

The following table summarizes information concerning outstanding and vested stock options as of December 31, 2012:

 

Exercise
Price

  Number
Outstanding
    Remaining
Contracted
Life (Years)
    Number
Vested
 
$15.40     11,805        0.4        11,805   
$22.05     53,319        2.1        53,319   
$27.32     82,994        4.1        62,984   
$33.55     125,925        6.4        50,370   
$31.45     146,050        8.8        1,200