XML 38 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
STOCK PLANS AND STOCK BASED COMPENSATION (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended 12 Months Ended
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Jun. 30, 2013
Apr. 10, 2013
Executive officers
Apr. 25, 2012
Executive officers
Apr. 10, 2013
Executive officers and other employees
Jun. 30, 2013
Stock options
Mar. 31, 2013
Stock options
Jun. 30, 2012
Stock options
Jun. 30, 2013
Stock options
Jun. 30, 2012
Stock options
Dec. 31, 2012
Stock options
Jun. 30, 2013
Stock options
Officers
Jun. 30, 2013
Stock options
Maximum
Jun. 30, 2013
Restricted stock
Jun. 30, 2012
Restricted stock
Jun. 30, 2013
Restricted stock
Jun. 30, 2012
Restricted stock
Dec. 31, 2013
Restricted stock
Executive officers
Dec. 31, 2012
Restricted stock
Executive officers
Jun. 30, 2013
Restricted stock
Executive officers
Dec. 31, 2013
Restricted stock
Executive officers and other employees
Jun. 30, 2013
Restricted stock
Executive officers and other employees
Apr. 26, 2007
2007 Stock Incentive Plan
Apr. 23, 2003
2003 Option Plan
Maximum
Stock-based compensation                                                          
Number of shares reserved for issuance under the plan                                                       650,000 607,754
Award term                                   10 years                      
Vesting period                                 4 years                        
Shares                                                          
Outstanding, beginning of year (in shares)                       433,132   433,132                              
Granted (in shares)                     49,783 2,500   52,283                              
Exercised (in shares)                           (32,724)                              
Forfeited or expired (in shares)                           (39,252)                              
Outstanding at end of year (in shares)                     413,439     413,439   433,132                          
Options exercisable at period end (in shares)                     280,646     280,646   344,722                          
Fully vested and expected to vest (in shares)                     401,190     401,190                              
Weighted Average Exercise Price                                                          
Outstanding, beginning of year (in dollars per share)                       $ 13.06   $ 13.06                              
Granted (in dollars per share)                           $ 13.66                              
Exercised (in dollars per share)                           $ 9.22                              
Forfeited or expired (in dollars per share)                           $ 12.71                              
Outstanding at end of year (in dollars per share)                     $ 13.47     $ 13.47   $ 13.06                          
Options exercisable at period end (in dollars per share)                     $ 14.12     $ 14.12   $ 13.53                          
Fully vested and expected to vest (in dollars per share)                     $ 13.50     $ 13.50                              
Stock options vested and currently exercisable:                                                          
Number (in shares)                     280,646     280,646   344,722                          
Weighted average exercise price (in dollars per share)                     $ 14.12     $ 14.12   $ 13.53                          
Aggregate intrinsic value (in dollars)                     $ 743     $ 743   $ 826                          
Weighted average remaining life                           4 years   4 years 1 month 6 days                          
Compensation expense disclosure                                                          
Compensation expense                     36   31 72 48       141 94 246 129              
Fair value of options granted using the weighted average assumptions as of grant date                                                          
Risk-free interest rate (as a percent)                           1.25%                              
Expected term                           7 years                              
Expected stock price volatility (as a percent)                           34.50%                              
Dividend yield (as a percent)                           1.76%                              
Unrecognized stock option compensation expense related to unvested awards                                                          
July 2013 - December 2013                           98                              
2014                           163                              
2015                           158                              
2016                           59                              
Additional disclosures                                                          
Closing price of common stock (in dollars per share) $ 13.79 $ 13.38 $ 12.25 $ 11.58 $ 11.83 $ 9.29 $ 13.79 $ 13.67 $ 11.85 $ 13.67                                      
Shares                                                          
Nonvested at the beginning of the period (in shares)                                         94,305                
Granted (in shares)                                         35,680   10,792 48,061   24,888      
Vested (in shares)                                         36,993                
Forfeited (in shares)                                         0                
Nonvested at the end of the period (in shares)                                     92,992   92,992                
Weighted Average Grant Date Fair Value                                                          
Nonvested at the beginning of the period (in dollars per share)                                         $ 10.79                
Granted (in dollars per share)                                         $ 13.67                
Vested (in dollars per share)                                         $ 10.68                
Forfeited (in dollars per share)                                         $ 0                
Nonvested at the end of the period (in dollars per share)                                     $ 12.90   $ 12.90                
Additional disclosures                                                          
Vesting percentage of stock awards on second anniversary of grant date                                                 80.00%        
Vesting percentage of stock awards on third anniversary of grant date                                                 20.00%   100.00%    
Unrecognized compensation expense related to nonvested awards                                     $ 998   $ 998                
Weighted-average period of expected recognition of the cost                                         1 year 8 months 12 days                
Recognition period of other expense             3 months                                            
Number of trading days prior to the issuance of the stock for determination of average closing price of awards             5 days                                            
Shares awarded 6,525,000 7,200 7,200 7,200 7,200 8,750