Stock Compensation (Tables)

6 Months Ended

Jun. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Fair Value of stock options granted assumptions used

The expected volatility is derived from historical volatility of the Company’s shares and those of similar companies measured against the market as a whole.

Model
Risk free interest rate	1.86		%
Expected dividend yield	2.40		%
Expected life of award (years)	7.00
Expected volatility	50.00		%
Fair value per option share	$	5.39

Summary of stock option activity for the period

The following table provides a summary of stock option activity for the period ended June 30, 2013:

	Shares		Average Exercise Price		Weighted Average Life
Outstanding at January 1, 2013	1,919,021		$	11.63
Options granted	323,400		14.77
Options exercised	(306,892	)	10.44
Cancelled or forfeited	(140,020	)	13.75
Outstanding at June 30, 2013	1,795,509		$	12.24	6.35 years
Exercisable at June 30, 2013	1,270,189		$	11.74	5.23 years

Summary of restricted stock activity for the period

The following table provides a summary of RSU and restricted stock activity for the six months ended June 30, 2013:

	Awards		Average Grant-Date Fair Value
Unvested at January 1, 2013	363,125
Granted	169,100		$	14.77
Released	(112,000	)	10.02
Cancelled or forfeited	(124,200	)	13.68
Unvested at June 30, 2013	296,025		$	13.11