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Employee Benefits and Stock Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Summary of Non-Vested Restricted Stock Awards and Units

Non-vested restricted units totaling 177,000 were outstanding at December 31, 2013, and are as follows:

 

Number of

Non-Vested
Restricted Stock
Units

   Remaining
Unrecognized
Compensation Cost
   Weighted Average
Remaining Recognition
Period in Years

177,000

   $1,520,000    5.00
Summary of Stock Option and SSARs Activity

The following table presents a summary of stock option and SSARs activity for the years ended December 31, 2013, 2012 and 2011:

 

     Number
of

Shares
    Option or
SSAR Exercise
Price
Per Share
     Weighted
Average

Exercise
Price
     Aggregate
Intrinsic
Value
 

Dec. 31, 2010

     109,000        $85.40 –136.80       $ 106.05       $ 0   

Granted

     0        0         0      

Exercised

     0        0         0      

Expired

     0        0         0      

Cancelled

     (2,000     85.40 –136.80         100.70      
  

 

 

   

 

 

    

 

 

    

 

 

 

Dec. 31, 2011

     107,000        85.40 –136.80         107.10         0   

Granted

     0        0         0      

Exercised

     0        0         0      

Expired

     0        0         0      

Cancelled

     (20,000     85.40 –133.60         113.30      
  

 

 

   

 

 

    

 

 

    

 

 

 

Dec. 31, 2012

     87,000        85.40 –136.80         105.60         0   

Granted

     49,000        11.00         11.00      

Exercised

     0        0         0      

Expired

     (28,000     85.40         85.40      

Cancelled

     (6,000     111.10 –136.80         113.57      
  

 

 

   

 

 

    

 

 

    

 

 

 

Dec. 31, 2013

     102,000        11.00 – 133.60         65.10         0   

Summary of Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at December 31, 2013:

 

Options / SSARs Outstanding

   Options / SSARs Exercisable (Vested)

Number of

Shares

Outstanding

   Weighted Average
Remaining
Contractual Life

in Years
   Number of
Shares
Exercisable
   Weighted
Average
Exercise
Price
   Weighted Average
Remaining
Contractual Life

in Years
   Aggregate
Intrinsic
Value

102,000

   5.91    53,000    $115.48    2.58    $0
Restricted Stock [Member]
 
Summary of Non-Vested Restricted Stock Awards and Units

Non-vested restricted stock awards totaling 168,000 shares were outstanding at December 31, 2013, 12,000 less than at December 31, 2012, and are as follows:

 

Number of

Non-Vested

Restricted Stock

Award Shares

   Remaining
Unrecognized
Compensation Cost
   Weighted Average
Remaining Recognition
Period in Years

168,000

   $2,079,000    4.37
Equity Option [Member]
 
Summary of Non-Vested Stock Activity

Adjusting for potential forfeiture experience, non-vested stock options for 49,000 shares were outstanding at December 31, 2013, and are as follows:

Number of

Non-Vested
Stock Options

 

Weighted Average
Remaining Contractual
Life in Years

 

Weighted

Average

Fair Value

   Remaining
Unrecognized
Compensation Cost
   Weighted Average
Remaining Recognition
Period in Years

49,000

 

9.50

 

$3.10

   $107,000    4.50