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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2012
Valuation Assumptions of Granted Stock Options

The following table summarizes information about these granted stock options:

 

     2012   2011   2010

Weighted-average risk-free interest rate

   N/A   1.21%   N/A

Dividend yield

   N/A   —     N/A

Weighted-average expected volatility

   N/A   48.59%   N/A

Total weighted-average expected forfeiture rate

   N/A   2.97%   N/A

Weighted-average expected life (years)

   N/A   5.90   N/A

Total weighted-average remaining vesting period in years (1)

   3.38   4.30   4.57

Total fair value of options granted

   N/A   $4,064,000   N/A

Stock-based compensation expense—Cost of sales (1)

   $278,000   $60,000   $42,000

Stock-based compensation expense—SG&A (1)

   $1,374,000   $1,039,000   $963,000

Income tax benefit (1)

   $(603,000)   $(390,000)   $(402,000)

 

(1) Information relates to stock options granted since 2006.
Qualified Stock Option Plans [Member]
 
Stock Option Activities of Stock Option Plans

The following information relates to our qualified stock option plans:

 

     December 31, 2012  
     2008 Plan      1998 Plan  

Maximum number of securities for issuance

     1,000,000         N/A   

Number of awards available to be granted

     349,905         N/A   

Number of qualified options outstanding

     467,915         11,000   

Number of qualified options exercisable

     143,040         11,000   

 

     2012  
     Shares     Weighted-
Average
Exercise
Price
 

Outstanding at beginning of year

     516,330      $ 21.34   

Granted

     —          N/A   

Exercised

     (31,880   $ 9.39   

Cancelled, forfeited or expired

     (5,535   $ 9.36   
  

 

 

   

Outstanding at end of year

     478,915      $ 22.28   
  

 

 

   

Exercisable at end of year

     154,040      $ 15.73   
  

 

 

   

 

     2012      2011      2010  

Weighted-average fair value per option granted during year

     N/A       $ 16.00         N/A   
     

 

 

    

Total intrinsic value of options exercised during the year

   $ 895,000       $ 3,294,000       $ 441,000   
  

 

 

    

 

 

    

 

 

 

Total fair value of options vested during the year

   $ 861,000       $ 208,000       $ 214,000   
  

 

 

    

 

 

    

 

 

 
Stock Options Outstanding and Exercisable

The following table summarizes information about qualified stock options outstanding and exercisable at December 31, 2012:

 

            Stock Options Outstanding  

Exercise Prices

   Shares
Outstanding
     Weighted-Average
Remaining
Contractual Life
in Years
     Weighted-Average
Exercise Price
     Intrinsic Value
of Shares
Outstanding
 

$5.10

     11,000         2.92       $ 5.10       $ 333,000   

$7.86 —   $8.17

     42,085         5.92       $ 7.87         1,160,000   

$9.69 —   $9.97

     176,830         5.83       $ 9.69         4,549,000   

$29.99 —   $34.50

     249,000         8.90       $ 34.41         252,000   
  

 

 

          

 

 

 

$5.10 —   $34.50

     478,915         7.37       $ 22.28       $ 6,294,000   
  

 

 

          

 

 

 

 

            Stock Options Exercisable  

Exercise Prices

   Shares
Outstanding
     Weighted-Average
Remaining
Contractual Life
in Years
     Weighted-Average
Exercise Price
     Intrinsic
Value of
Shares
Outstanding
 

$5.10

     11,000         2.92       $ 5.10       $ 333,000   

$7.86 —   $8.17

     19,305         5.92       $ 7.87         532,000   

$9.69 —   $9.97

     82,650         5.83       $ 9.69         2,126,000   

$29.99 —   $34.50

     41,085         8.90       $ 34.41         42,000   
  

 

 

          

 

 

 

$5.10 —   $34.50

     154,040         6.45       $ 15.73       $ 3,033,000  
  

 

 

          

 

 

 

 

Non Qualified Stock Options [Member]
 
Stock Option Activities of Stock Option Plans

The following information relates to our non-qualified stock option plans:

 

     2012  
           Weighted-  
           Average  
           Exercise  
     Shares     Price  

Outstanding at beginning of year

     316,525      $ 8.41   

Granted

     —          N/A   

Exercised

     (58,475   $ 8.00   

Surrendered, forfeited or expired

     —          N/A   
  

 

 

   

Outstanding at end of year

     258,050      $ 8.50   
  

 

 

   

Exercisable at end of year

     60,275      $ 8.32   
  

 

 

   

 

     2012      2011      2010  

Weighted-average fair value per option granted during year

     N/A       $ 16.25         N/A   
     

 

 

    

Total intrinsic value of options exercised during the year

   $ 1,574,000       $ 2,110,000       $ 805,000   
  

 

 

    

 

 

    

 

 

 

Total fair value of options vested during the year

   $ 731,000       $ 730,000       $ 721,000   
  

 

 

    

 

 

    

 

 

 
Stock Options Outstanding and Exercisable

The following tables summarize information about non-qualified stock options outstanding and exercisable at December 31, 2012:

 

            Stock Options Outstanding  

Exercise Prices

   Shares
Outstanding
     Weighted-
Average
Remaining
Contractual
Life in
Years
     Weighted-
Average
Exercise
Price
     Intrinsic
Value of
Shares
Outstanding
 

$7.86

     33,050         5.92       $ 7.86       $ 911,000   

$8.01

     220,000         3.75       $ 8.01         6,030,000   

$34.50

     5,000         8.92       $ 34.50         5,000   
  

 

 

          

 

 

 

$7.86 — $ 34.50

     258,050         4.13       $ 8.50       $ 6,946,000   
  

 

 

          

 

 

 

 

            Stock Options Exercisable  

Exercise Prices

   Shares
Outstanding
     Weighted-
Average
Remaining
Contractual
Life in
Years
     Weighted-
Average
Exercise
Price
     Intrinsic
Value of
Shares
Outstanding
 

$7.86

     19,450         5.92       $ 7.86       $ 536,000   

$8.01

     40,000         3.75       $ 8.01         1,096,000   

$34.50

     825         8.92       $ 34.50         1,000   
  

 

 

          

 

 

 

$7.86 — $ 34.50

     60,275         4.52       $ 8.32       $ 1,633,000