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Stock Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Compensation cost, net of forfeitures, related to stock-based compensation
The following table summarizes the compensation cost, net of forfeitures, related to stock-based compensation for the years ended December 31, 2012, 2011 and 2010:

 
 
2012
 
2011
 
2010
Stock and stock unit awards:
 
 
 
 
 
 
Pre-tax compensation expense
 
$
210

 
$
92

 
$

Income tax benefit
 
(73
)
 
(32
)
 

Stock and stock unit awards expense, net of income taxes
 
$
137

 
$
60

 
$

Stock options:
 
 

 
 

 
 

Pre-tax compensation expense
 
$
17

 
$
52

 
$
52

Income tax benefit
 
(6
)
 
(1
)
 
(1
)
Stock options expense, net of income taxes
 
$
11

 
$
51

 
$
51

Total share-based compensation:
 
 

 
 

 
 

Pre-tax compensation expense
 
$
227

 
$
144

 
$
52

Income tax benefit
 
(79
)
 
(33
)
 
(1
)
Total share-based compensation expense, net of income taxes
 
$
148

 
$
111

 
$
51

Summary of option activity
A summary of option activity under the SI Plan and the 1997 Stock Incentive Plan as of December 31, 2012, 2011 and 2010, and changes during the years then ended is presented below:
 
 
2012
 
 
Shares
 
Weighted-Average
Exercise Price
 
Weighted-Average
Remaining
Contractual Term
 
Aggregate
Intrinsic Value
Outstanding, beginning of year
 
228,140
 
$23.09
 
 
 
 
Granted
 
0
 
$0.00
 
 
 
 
Exercised
 
(44,763)
 
$15.90
 
 
 
 
Forfeited or expired
 
(6,752)
 
$24.00
 
 
 
 
Outstanding, end of year
 
176,625
 
$24.88
 
2.81
 
$
89,061

Exercisable, end of year
 
170,000
 
$24.95
 
2.69
 
$
89,061



The total intrinsic value of options exercised during 2012 was $332,000. Stock options for 108,125 shares of common stock were not considered in computing the aggregate intrinsic value of outstanding shares and exercisable shares for 2012 because they were anti-dilutive.

 
 
2011
 
 
Shares
 
Weighted-Average
Exercise Price
 
Weighted-Average
Remaining
Contractual Term
 
Aggregate
Intrinsic Value
Outstanding, beginning of year
 
239,532
 
$22.50
 
 
 
 
Granted
 
0
 
$0.00
 
 
 
 
Exercised
 
(11,392)
 
$10.67
 
 
 
 
Forfeited or expired
 
0
 
$0.00
 
 
 
 
Outstanding, end of year
 
228,140
 
$23.09
 
3.32
 
$
159,552

Exercisable, end of year
 
207,265
 
$22.98
 
2.99
 
$
159,552



The total intrinsic value of options exercised during 2011 was $90,000. Stock options for 202,970 and 182,095 shares of common stock were not considered in computing the aggregate intrinsic value of outstanding shares and exercisable shares, respectively, for 2011 because they were anti-dilutive.

 
 
2010
 
 
Shares
 
Weighted-Average
Exercise Price
 
Weighted-Average
Remaining
Contractual Term
 
Aggregate
Intrinsic Value
Outstanding, beginning of year
 
289,033
 
$20.54
 
 
 
 
Granted
 
0
 
$0.00
 
 
 
 
Exercised
 
(49,500)
 
$11.05
 
 
 
 
Forfeited or expired
 
(1)
 
$8.37
 
 
 
 
Outstanding, end of year
 
239,532
 
$22.50
 
4.16
 
$
204,345

Exercisable, end of year
 
204,407
 
$22.18
 
3.58
 
$
204,345



The total intrinsic value of options exercised during 2010 was $365,000. Stock options for 202,970 and 167,845 shares of common stock were not considered in computing the aggregate intrinsic value of outstanding shares and exercisable shares, respectively, for 2010 because they were anti-dilutive.
Unvested options
A summary of the status of the Company’s shares subject to unvested options under the SI Plan and the 1997 Stock Incentive Plan as of December 31, 2012, 2011 and 2010, and changes during the years then ended, is presented below:
 
 
2012
 
2011
 
2010
 
 
 
 
Shares
 
Weighted-Average Grant-Date
Fair Value
 
 
 
Shares
 
Weighted-Average Grant-Date
Fair Value
 
 
 
Shares
 
Weighted-Average Grant-Date
Fair Value
Unvested, beginning of year
 
20,875
 
$3.16
 
35,125
 
$3.29
 
49,375
 
$3.34
Granted
 
0
 
$0
 
0
 
$0
 
0
 
$0
Vested
 
(14,250)
 
$3.47
 
(14,250)
 
$3.47
 
(14,250)
 
$3.47
Forfeited
 
0
 
$0
 
0
 
$0
 
0
 
$0.00
Unvested, end of year
 
6,625
 
$2.51
 
20,875
 
$3.16
 
35,125
 
$3.29
Stock options, by exercise price range
The following table summarizes information about stock options under the SI Plan outstanding at December 31, 2012:
 
 
 
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
 
Number Outstanding
 
Weighted-Average Remaining Contractual Life
 
Weighted-Average Exercise Price
 
Number Exercisable
 
Weighted-Average Exercise Price
Below $22.50
 
42,750
 
0.96
 
$20.67
 
42,750
 
$20.67
$22.50 to $24.50
 
25,750
 
5.96
 
$23.00
 
19,125
 
$23.00
$24.50 to $26.50
 
30,500
 
4.95
 
$26.10
 
30,500
 
$26.10
Above $26.50
 
77,625
 
1.95
 
$27.33
 
77,625
 
$27.33
 
 
176,625
 
2.81
 
$24.88
 
170,000
 
$24.95
Schedule of Unvested Restricted Stock and Restricted Stock Units Roll Forward [Table Text Block]
The following table summarizes non-vested stock and stock unit activity for the years ended December 31, 2012 and 2011:
 
 
2012
 
2011
 
 
Shares
 
Weighted-avg Grant-date Fair Value
 
Shares
 
Weighted-avg Grant-date Fair Value
Nonvested, beginning of year
 
15,096
 
$18.70
 
0
 
$0.00
Granted
 
15,162
 
$25.50
 
17,409
 
$18.70
Vested
 
(4,179)
 
$21.84
 
(2,313)
 
$18.70
Forfeited
 
(742)
 
$21.87
 
0
 
$0.00
Nonvested, end of year
 
25,337
 
$22.16
 
15,096
 
$18.70
Fair value of shares vested
 
 
 
$
91,259

 
 
 
$
42,675