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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2012
Employee Benefit Plan [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options

 

Weighted-
Average
Exercise
Price Per
Share

 

Weighted-
Average
Remaining
Contractual
Terms

 

Aggregate Intrinsic Value

 

 

 

 

 

 

 

 

(in years)

 

(in thousands)

Outstanding on December 31, 2011

 

 

934,013 

 

$

13.05 

 

 

 

 

 

 

Granted

 

 

338,204 

 

 

16.94 

 

 

 

 

 

 

Exercised

 

 

(48,130)

 

 

9.16 

 

 

 

 

 

 

Forfeited/Cancelled

 

 

(31,929)

 

 

13.62 

 

 

 

 

 

 

Outstanding on December 31, 2012

 

 

1,192,158 

 

$

14.30 

 

 

8.2 

 

$

9,836 

Exercisable on December 31, 2012

 

 

427,374 

 

$

12.47 

 

 

7.4 

 

$

4,310 

 

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

Black-Scholes option pricing model assumptions:

 

 

 

 

 

 

 

 

 

 

Risk free interest rate

 

 

1.0 

%

 

1.9 

%

 

2.9 

%

Expected life (years)

 

 

6.0 

 

 

6.0 

 

 

6.0 

 

Expected volatility

 

 

56 

%

 

53 

%

 

50 

%

Dividend yield

 

 

 -

 

 

 -

 

 

 -

 

 

Schedule of Nonvested Share Activity

 

 

 

 

 

 

 

 

 

Shares

 

Weighted-
Average
Grant-
Date
Fair Value

Non-vested share awards outstanding at December 31, 2011

 

 

185,733 

 

$

15.25 

Granted

 

 

238,199 

 

 

16.33 

Vested

 

 

(86,834)

 

 

15.52 

Forfeited

 

 

(10,146)

 

 

15.04 

Non-vested share awards outstanding at December 31, 2012

 

 

326,952 

 

$

15.98 

 

Schedule of Share-Based Compensation Expense and Related Tax Benefits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

Compensation Expense:

 

 

 

 

 

 

 

 

 

 

Stock Options

 

$

2,621 

 

$

1,497 

 

 

673 

 

Non-vested share awards

 

 

2,096 

 

 

1,012 

 

 

500 

 

Employee bonus share awards

 

 

 -

 

 

 -

 

 

82 

 

Deferred Income Tax Benefit

 

 

1,726 

 

 

936 

 

 

429