Stock-Based Compensation

6 Months Ended

Jun. 30, 2011

Stock-Based Compensation

Stock-Based Compensation

7. Stock-Based Compensation

The Company issues both restricted share and option awards to employees and non-employee directors.  Restricted share awards cliff vest on the third anniversary, while option share awards vest annually in 25% increments over four years.  Stock option grant date fair values are determined at the date of grant using a Monte Carlo option valuation model with suboptimal exercise behavior.  Changes in option awards outstanding are summarized as follows:

	Shares		Wtd Avg Ex. Price
December 31, 2010	314		$	18.87
Granted	32		36.69
Exercised	(38	)	10.86
Forfeited	(3	)	(28.63		)
June 30, 2011	305		$	25.27